Bajaj Auto Q4 Results: Profit jumps 10% to Rs 1,469 crore; company declares Rs 140 per share dividend

Bajaj Auto said on Wednesday that its own net income for the quarter ended March was Rs 1,468.95 crore, up 10.27% from Rs 1,332.07 crore reported in the same quarter last year. of the year.

A poll of analysts forecast a profit of Rs 1,036 crore. The automaker's total operating income was Rs 7,974.84 crore, down 7.22% from Rs 8,596.10 crore in the same quarter last year.

     

The board of directors of the company recommended a dividend of Rs 140 per share. The total dividend payout will be Rs 4,051 crore, the company said. The company's earnings before interest, taxes, depreciation and amortization (EBITDA) also fell 10% in the quarter. The EBITDA margin also declined to 17.5% from 18.1% in the previous quarter. The company said its Ebitda margin improved consistently from 15.6% in the December quarter, mainly due to the positive impact of higher prices, deferral of material cost increases, improved US dollar sales and a favourable revenue mix.

As at 31 March 2022, excess cash and cash equivalents were Rs.19,090 crore as against Rs 17,689 crore as on March 31, 2021, after a dividend payout of Rs 4,051 crore. The company said it continues to face significant supply chain challenges, especially in the fourth quarter of fiscal year 22, that are impacting motorcycle and commercial vehicle sales.