Bajaj Auto, a prominent player in the two-wheeler industry, has announced its financial results for the fourth quarter of the fiscal year 2023-24. The company reported a consolidated net profit of Rs 2,011 crore, marking a significant increase from Rs 1,704.74 crore recorded in the corresponding period of the previous year.
In terms of revenue, Bajaj Auto posted a robust figure of Rs 11,554.95 crore for the January-March quarter, reflecting a notable growth compared to Rs 9,192.73 crore reported in the same period last year.
Following the announcement, the company's board has approved a dividend of Rs 80 per share with a face value of Rs 10 each on equity shares for the financial year ended March 31, 2024, as stated in its stock exchange filing.
Investor sentiment was positive prior to the release of the fourth-quarter results, with Bajaj Auto's shares witnessing a rise of 1.61 per cent to reach Rs 9,062 on the Bombay Stock Exchange (BSE) on Thursday. This performance underscores the confidence investors have in the company's financial performance and growth prospects.
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