Bajaj Auto Q4 net up 70 pc to Rs 347 crores

Mumbai, May 19: Bajaj Auto Ltd has posted a net profit of Rs 346.97 crore for the quarter ended March 31 as compared to Rs 204.63 crore for the quarter ended March 31 last year, an increase of 69.56 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 1,761.15 crore in Q4 FY 04-05 to Rs 2,268.95 crore for Q4 FY 05-06.

It has posted a net profit after deferred tax adjustment of Rs 1,123.27 crore for the year ended March 31 as compared to Rs 729.16 crore for the year ended March 31 last year. Total Income (net of excise) has increased from Rs 6,322.78 crore in FY 04-05 to Rs 8,106.35 crore for FY 05-06.

As per the consolidated results, the Group has posted Income attributable to consolidated group of Rs 357.34 crore for the quarter ended March 31 (Q4 FY 05-06) as compared to Rs 198.20 crore for the quarter ended March 31 (Q4 FY 04-05). Net Sales has increased from Rs 1,758.98 crore in Q4 FY 04-05 to Rs 2,297.52 crore for Q4 FY 05-06.

Income attributable to Consolidated group of Rs 1,104.60 crore for the year ended March 31 (FY 05-06) as compared to Rs 760.34 crore for the year ended March 31 (FY 04-05). Net Sales has increased from Rs 6,368.91 crore in FY 04-05 to Rs 8,103.74 crore for FY 05-06.

The Board has recommended a dividend of 400 per cent, equivalent to Rs 40 per share, subject to approval of shareholders.

UNI