Bajaj Auto Q4 Profit Doubles to ₹3,662 Cr; Approves ₹5,633 Cr Buyback

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AuthorIshaan Verma|Published at:
Bajaj Auto Q4 Profit Doubles to ₹3,662 Cr; Approves ₹5,633 Cr Buyback
Overview

Bajaj Auto posted a strong Q4 with consolidated net profit soaring 103% to ₹3,662 crore. The company also announced a ₹5,633 crore share buyback and proposed a final dividend of ₹150 per share, signaling robust shareholder returns.

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Bajaj Auto's Profit More Than Doubles on Strong Revenue Growth

Bajaj Auto's net profit for the March quarter more than doubled, rising 103% year-on-year to ₹3,662 crore, compared to ₹1,802 crore in the same period last year. This surge was powered by a 41% increase in consolidated revenue, which grew to ₹17,213 crore from ₹12,221 crore. Profit also saw a 33% sequential increase from the previous quarter's ₹2,749 crore.

Standalone Operations Also Show Significant Gains

Standalone operations also performed well, with net profit up 34% to ₹2,746 crore from ₹2,049 crore a year earlier. Standalone revenue increased 32% to ₹16,006 crore, compared to ₹12,148 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose 36% year-on-year to ₹3,323 crore.

Key Drivers and Shareholder Rewards Announced

Company executives pointed to higher sales volumes, a better product mix, and favorable currency movements as key factors driving the results. This led to broad-based double-digit growth across all business segments, spanning domestic motorcycles, electric two-wheelers, three-wheelers, and exports. To reward shareholders, the board approved a ₹5,633 crore share buyback program. They also recommended a final dividend of ₹150 per share for the fiscal year ending March 2024, with May 29 set as the record date, subject to shareholder approval.

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