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FMCG firm Bajaj Corp on Thursday reported a 4.55 per cent decline in its standalone net profit at ₹55.16 crore for the quarter ended December, on account of higher expenses.
The company had posted a net profit of ₹57.79 crore during the same period of the previous fiscal, Bajaj Corp said in a regulatory filing.
Total income during the quarter under review, however, increased 5.92 per cent at ₹212.53 crore as against ₹200.65 crore in the year ago period.
Expenses during the October-December period stood at ₹142.38 crore compared to ₹127.18 crore in the corresponding period of the previous fiscal.
The company has declared an interim dividend of ₹12 per share of ₹1 each for the financial year.
Bajaj Corp stock was trading 3.10 per cent up at ₹511.05 apiece in the afternoon trade on BSE on Thursday.
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