Bajaj Auto is the fourth largest company in the world in manufacturing two wheeler and three wheeler. Recently it has also approved a dividend of Rs 140 per equity share.
Bajaj Auto (symbolic photo)
Bajaj Auto is the fourth largest company in the world in terms of making two wheelers and three wheelers. If you talk about the fourth quarter results, then the company has earned a lot of profit.
Bajaj Auto’s consolidated net profit in the fourth quarter ended March 2021 increased by 15 per cent to Rs 1,551 crore. During this period, the company sold well in domestic and international markets. The Pune-based company made a net profit of Rs 1,354 crore in the January-March quarter of 2019-20.
Income of the company increased
Bajaj Auto said in a regulatory note that the total revenue from operations increased by 26 percent to Rs 8,596 crore in the fourth quarter, from Rs 6,816 crore in the same period of FY 2020. During the period under review, the company sold a total of 11,69,664 two-wheeler and commercial vehicles, up by 18 percent compared to 9,91,961 units in the January-March quarter of the previous fiscal.
For the entire 2020-21 fiscal, the net profit of the company declined by seven per cent to Rs 4,857 crore from Rs 5,212 crore in FY 2019-20. The company’s total revenue from operations declined to Rs 27,741.08 crore in the last financial year, compared to Rs 29,918.65 crore in 2019-20.
Announcement of Dividend Fund of Rs 4051 Crore
The two-wheeler manufacturer said that its board of directors has also approved a dividend of Rs 140 (1,400 per cent) per equity share, subject to the approval of the shareholders. It said that the total payment for the dividend would be Rs 4,051 crore. This is about 90 percent of the company’s standalone profit.
Bajaj Auto chairman resigns
Please tell Rahul Bajaj has resigned from the post of President of Bajaj Auto. Rahul Bajaj has resigned from this post keeping in mind his age. He was managing this company as chairman since 1972. According to the statement issued by the company, from 1 May 2021, he will serve as chairman emeritus of Bajaj Auto. Neeraj Bajaj will now take over as the non-executive chairman of the company in place of Rahul Bajaj. He is currently the director of the company.
(With language input)
read this also- I bought this great car worth Rs 2.66 crore 3 days ago from a big hobby, now burned to ashes in gas station
Also read- TVS Motor earned four times profit in fourth quarter, company earned Rs 319 crore