Net profit of Bajaj Auto Limited (Bajaj Auto) increased by 10 percent to Rs 1,469 crore in the March 2022 quarter. In the same period a year ago, Bajaj Auto had posted a profit of Rs 1,332 crore. However, revenue from operations declined 7 per cent to Rs 7,975 crore in the January-March 2022 quarter. On Wednesday, the shares of Bajaj Auto closed at Rs 3,898.60 with a jump in the National Stock Exchange (NSE).
Company giving dividend of Rs 140 on one share
The company’s EBITDA fell 10 per cent to Rs 1,396 crore in the January-March 2022 quarter. While the company’s margin declined to 17.5 per cent. Apart from this, the company’s EBITDA margin has also improved. It stood at 15.6 per cent in the third quarter of the last financial year. The company’s board has recommended a dividend of Rs 140 per share for the financial year 2022. Bajaj Auto has received Rs 315 crore as incentive receivables from the Maharashtra government under the incentive scheme in the fourth quarter of the last financial year.
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Shares of the company crossed Rs 160 to Rs 3800
The shares of Bajaj Auto were at a level of Rs 160.82 on the National Stock Exchange (NSE) on 28 November 2008. The company’s shares have closed at Rs 3898.60 on NSE on 27 April 2022. If a person had invested Rs 1 lakh in the shares of the company on November 28, 2008 and allowed his investment to continue, then at present this money would have been more than Rs 24 lakh. The 52-week low of Bajaj Auto’s shares is Rs 3,027.05. At the same time, the 52-week high level of the company’s shares is Rs 4,347.
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