Bajaj Auto net profit rises 10% to Rs 1,469 cr, revenue falls 7% in Q4

India's leading two and three-wheeler company Bajaj Auto on Wednesday reported a 10 per cent year-on-year rise in its consolidated net profit at Rs 1,469 crore for the quarter ended 31 March 2022. The automaker had reported a net profit of Rs 1,332 crore in the year-ago period. 

Revenue from operations, however, fell 7 per cent to Rs 7,975 crore in the said quarter from Rs 8,596 crore in the same quarter last fiscal. 

The company also said that its board has recommended a dividend of Rs 140 per share of face value of Rs. 10 each on equity shares for the financial year ended 31 March 2022. The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or around 30 July 2022. 

Shares of Bajaj Auto on Wednesday closed 0.48 per cent higher at Rs 3,909 apiece on BSE.