Bajaj Auto Q4 net rises 2%, firm flags input costs
The Hindu
Board names Niraj Bajaj chairman
Bajaj Auto Ltd. reported a 2% rise in standalone net profit to ₹1,332 crore for the fourth quarter. Turnover grew 21% to ₹8,880 crore. Revenue from operations increased 26% to ₹8,596 crore. For the financial year ended March 31 the company reported a 11% decline in net profit to ₹4,555 crorewhile revenue from operations dipped 7% to ₹27,741 crore. “Full year numbers are not comparable as Q1/ FY21 was an absolute washout due to the pandemic and Q4 and full year FY20 had ₹119 crore and ₹234 crore as dividend income respectively,” the company said in a filing, adding that there was no dividend income in FY21.
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