Companies

Bajaj Corp Q3 net profit rises 49%

PTI Mumbai | Updated on February 07, 2012

FMCG firm Bajaj Corp today reported 48.87 per cent jump in its standalone net profit for the quarter ended December 31, 2011, at Rs 28.88 crore.

The company had posted a net profit of Rs 19.40 crore in the corresponding period last financial year, Bajaj Corp said in a filing to the BSE.

The standalone total income during the third quarter of this fiscal also increased by 30.57 per cent to Rs 112.50 crore from Rs 86.16 crore in the year—ago period, it added.

The company also said its board of directors have recommended an interim dividend for 2011-12 at 400 per cent, which is Rs 4 per equity share on a face value of Re 1 each.

The shares of the company today closed 2.06 per cent up at Rs 109 apiece on the BSE.

Published on February 07, 2012

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