Bajaj Auto Announces Dividend of Rs 80 Per Share

Bajaj Auto Ltd. on Thursday announced a dividend of Rs 80 per share while presenting its fourth-quarter results. The dividends will be paid on July 19, 2024, subject to the approval of the shareholders at the annual general meeting of the company.

The dividend is 800% of the face value of Rs 10 per share. The automaker had not announced a dividend since June 30, 2023, when it announced a dividend of Rs 140. The dividend in in 2022 and 2021 was also kept at Rs 140.

• Revenue up 28.97% at Rs 11,484.68 crore (Estimate: Rs 11,114 crore).

• Ebitda up 34.35% at Rs 2,306.25 crore (Estimate: Rs 2,187 crore).

• Ebitda margin up 81 basis points at 20.08% (Estimate: 19.7%).

• Net profit up 35.11% at Rs 1,936 crore (Estimate: Rs 1,844 crore).

Shares of Bajaj Auto closed 1.61% higher at Rs 9,063.15 apiece, compared to a 0.69% decline in the benchmark NSE Nifty 50.