Bajaj Auto raises Dominar 400 price for the second time
Bajaj Dominar 400 was launched at an introductory price of Rs 1,36,000 (ex-showroom, Delhi) for the non-ABS version and Rs 1.5 lakh (Ex-showroom, Delhi) for the ABS version. Earlier, the price of the bike was raised by Rs 2,000 above the introductory price. Bajaj Auto in recovery mode in FY18 after note ban; BS-III ban hit sales
The company plans to enter at least five new markets the current financial year Weak volumes, higher costs dent Bajaj Auto's Q4 show
Barring the margin blip, Bajaj Auto reported fourth quarter number broadly in line with Street expectations. Despite the weak volumes which fell nearly 10 per cent in the quarter due to fall out of demonetisation and shift to BSIV standard, revenues driven by higher realisations came in at Rs 5,212 crore, down by 3 per cent over the year ago quarter. Revenues came in better than Bloomberg consensus estimates of Rs 4,830 crore. The reported operating profit margins for the company came in at 21.2 per cent, pegged back by higher raw material costs as well expenditure associated with transition from BSIII to BSIV emission standards. Margins were down 210 basis points as compared to the year ago period. Higher raw material costs as well as stiff competition across its categories will limit scope for further margin gains going ahead. The weak operating performance and higher costs led to the disappointment on the net profit front. The bottomline at Rs 801 crore was down 15.6 per cent year . Outcome of Board Meeting
Disclosure under Regulation 30 read with Schedule III (Part A) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Pursuant to Section 139 of the Companies Act, 2013 and Rules made thereunder, it is mandatory for the Company to rotate the current statutory auditors of the Company on completion of term as prescribed therein. Accordingly, based on the recommendations of Audit Committee of the Company, the Board... Outcome of Board Meeting
Intimation of Appointment of Independent Directors. Pursuant to Regulation 30 read with part A of schedule lll to the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform that the Board at its meeting held today, has noted / approved the following changes in Board of Directors of the Company: 1.Appointment of Dr. Naushad Forbes as an Independent Director 2.Appointment of Dr. Omkar Goswami as an Independent Director Board recommends Dividend
Bajaj Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2017, has recommended a dividend of Rs. 55 per share (550%) of face value of Rs. 10/- each on equity shares of the Company for the financial year ended March 31, 2017.The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on July 24, 2017 and/or July 25, 2017. Outcome of Board Meeting
Disclosure under regulation under 30-Dividend per share Rs.55/-(550%) of face value of Rs.10/- Audited Financial Results For The Year Ended 31-03-2017
In terms of the provisions of Regulation 30 (read with Part A of Schedule III) and 33 of the SEBI Listing Regulations 2015, we enclose the following statements for the quarter and year ended 31 March 2017, which were approved and taken on record at the meeting of the Board of Directors held today, the 18 May 2017: a)Statement of Standalone Unaudited/Audited Financial Results for the quarter and year ended 31 March 2017 along with Audit Report;... Intimation Of Conference Call For Analyst / Institutional Investors For Discussing Inter-Alia Of The Company 4QFY17 Results And The Business Strategy And Outlook.
it is hereby inform you that a Conference call for analysts/Institutional investors is scheduled on 19 May 2017.