Bajaj Auto on Wednesday reported 29.18 per cent increase in standalone net profit to Rs803.06 crore for the fourth quarter ended March 31, riding on robust sales growth.
The company had posted a standalone net profit of Rs 621.62 crore in the same period of the previous fiscal, Bajaj Auto said in a BSE filing.
Standalone net sales during the period under review stood at Rs ,303.89 crore as against Rs4,623.7 crore in the year-ago period, up 14.71 per cent.
Total volume sales stood at 8,72,458 units as against 7,82,669 units in the corresponding period a year ago, a growth of 11.47 per cent, it said.
The board of directors has recommended a final dividend of Rs5 per share at 50 per cent. The total amount of final dividend and tax thereon, including the amount paid as interim dividend, amounts to Rs1,916 crore, the company said.
For the fiscal 2015-16, Bajaj Auto said its consolidated net profit was at Rs3,783.98 crore as against Rs3,025.63 crore, up 25 per cent. Consolidated net sales for the fiscal were at Rs22,252.78 crore as compared with Rs21,106.15 crore in the previous fiscal, up 5.43 per cent, it said.