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Motorcycle major Bajaj Auto has posted a flat net profit of Rs 764 crore during the last quarter of FY14 against Rs 766 crore in the same quarter last year.
Net income from operations in the two quarters under review stood at Rs 4,932 crore and Rs 4,746 crore, respectively, representing a marginal growth of around 4 per cent. Sales, however, declined 4.5 per cent to 9.36 lakh in Q4FY14 versus 9.81 lakh in Q4FY13.
Dividend proposed
The board has recommended a dividend of Rs 50 per share (500 per cent) for the 2014 fiscal.
During the 2014 fiscal, the Pune-based company posted its highest-ever profit of Rs 3,243 crore. This represents a growth of 7 per cent in comparison to that in FY 2013.
Total income from operations in the quarter ended March 31, 2014 stood at Rs 20,149 crore versus Rs 19,997 crore in Q4FY13, while sales stood at 3.87 million units against 4.24 million, registered a decline of 8.7 per cent, Bajaj Auto said.
At 2.45 p.m. on the BSE, the Bajaj Auto stock was trading at Rs 1,965, down 3.7 per cent on a day when the market was down by 0.8 per cent.
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