Bajaj Auto Q4 FY23: Net profit drops to Rs 1433 cr, dividend of Rs 140 per share announced
Bajaj Auto also announced a dividend at the rate Rs 140 per share of face value of Rs 10 each on equity shares for the financial year ended March 31, 2023.
BAJAJ AUTO LTD. - 532977 - Announcement under Regulation 30 (LODR)-Meeting Updates
The Compensation Committee of the Board, at its meeting held on 25 April 2023, has granted 4,77,000 stock options convertible into 4,77,000 equity shares of Rs. 10 each to the eligible employees of the Company under the BAL-ESOS 2019 at an exercise price of Rs. 4,332.10 (being the closing market price as on 24 April 2023) per option. BAJAJ AUTO LTD. - 532977 - Annual General Meeting To Be Held On 25 July 2023
Annual General Meeting of the Company will be held on Tuesday, 25 July 2023 at the registered office of the Company BAJAJ AUTO LTD. - 532977 - Intimation Of Record Date
Friday, 30 June 2023 is fixed as the Record date for the dividend. BAJAJ AUTO LTD. - 532977 - Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Of Bajaj Auto Limited-25 April 2023
The meeting commenced at 03.15 p.m. and concluded at 5.00 p.m. FY23 Annual & Q4FY23 Quarterly Result Announced for Bajaj Auto Ltd.
Automobile company Bajaj Auto announced FY23 & Q4FY23 results: FY23: At Rs 36,428 crore, Revenue from Operations was at its highest ever, growing 10% YoY. Spares revenue registered an all-time high. EBITDA at Rs 6,551 crore was up 25% YoY on the back of solid margin expansion of +210 bps and on PAT that clocked Rs 5,628 crore. The Balance Sheet remains very healthy with surplus cash of Rs 17,445 crore as of March 31, 2023. The consistent robust cash generation fuelled ongoing competitive investments, capex of > Rs 1,000 crore (including Chetak Technology) and a share buyback. Q4FY23: Revenue from Operations stood at Rs 8,905 crore, up 12% YoY, led by the sustained momentum on the domestic business that delivered strong volume-led revenue growth (>50% YoY). Compared to same time last year, better foreign exchange realization, judicious pricing and a richer product mix all helped offset the drop in overall volumes arising from sluggish exports EBITDA maintained its strong run, growing 26% YoY to Rs 1,718 crore, with margin accretion of +220 bps to 19.3%. Sequentially across quarters, price realisation and material costs held flat with favourable mix driving the slight uptick. While delighting thrill-seeking customers, the iconic motorcycle brands of Pulsar, Dominar and KTM powered ahead to deliver their lifetime high annual sales. As for 3Ws, the continued preference for a Bajaj vehicle led to its best market share print of 78% in Q4FY23. The Board of Directors have recommended a Final Dividend of Rs 140 per share, totaling to about Rs 3,961 crore. This, along with the share buyback and tax thereon that was concluded earlier in the year will add up to almost Rs 7,055 crore of cash being paid to shareholders. Result PDF BAJAJ AUTO LTD. - 532977 - Corporate Action-Board to consider Dividend
In line with the Company''s Dividend Distribution Policy, the Board of Directors has approved / recommended a dividend at the rate Rs. 140 per share (1400%) of face value of Rs. 10 each on equity shares for the financial year ended 31 March 2023. The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or around 28 July 2023. The Dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, 30 June 2023, which is the Record Date fixed for the purpose BAJAJ AUTO LTD. - 532977 - Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended 31 March 2023
In terms of the provisions of Regulation 30 (read with Part A of Schedule Ill) and 33 of the SEBI Listing Regulations, 2015, we enclose the following statements for the quarter and year ended 31 March 2023, which were approved and taken on record at the meeting of the Board of Directors held today, i.e. 25 April 2023: a) Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2023 along with Audit Report; b) Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2023 along with Audit Report; and c) Press Release. The audit reports are submitted with unmodified opinion (free from any qualifications) and a declaration to that effect is enclosed. We are studying the export market for the electric Chetak: Rakesh Sharma, Bajaj Auto
However, domestic demand for the electric scooter is the priority, he said