Bajaj Auto Q4 Results 2024

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Synopsis:

Bajaj Auto's Q4 FY24 results demonstrate a strong financial performance with a 29% increase in revenue to ₹11,484.68 crore and a 35.1% rise in profit after tax to ₹1,936 crore. The company announced a generous dividend of ₹80 per share, reflecting confidence in ongoing growth and profitability.

5 Highlights from Bajaj Auto's Q4 FY24 Financial Results:

Revenue Growth: Revenue from operations surged by 29%, demonstrating strong market demand and effective business strategies.

Profit Surge: Profit before tax rose by 34.7%, while profit after tax increased by 35.1%, highlighting efficient operations and profitability.

EPS Increase: Earnings per share increased by 35.1%, reflecting the company’s ability to generate value amidst challenging market conditions.

Dividend: The proposed dividend of ₹80 per share, representing an 800% dividend, underscores Bajaj Auto’s robust financial position and commitment to shareholder returns.

Comprehensive Income Growth: Total comprehensive income for the quarter grew significantly, cementing the company's overall financial strength.

Bajaj Auto Q4 FY24 Financial Results: A Detailed Analysis

Bajaj Auto Limited, one of the leaders in the Indian automotive sector, announced its financial results for the fourth quarter of the fiscal year 2023-24, underscoring a period of substantial growth and operational success. This blog delves into the detailed financials of the quarter, highlighting key metrics such as revenue from operations, profit before tax, profit after tax, and earnings per share (EPS), among others.

Explore: Bajaj Auto Limited Share Price

Financial Overview

The fourth quarter saw Bajaj Auto achieving a remarkable increase in revenue from operations, which soared to ₹11,484.68 crore, up by 29% from ₹8,904.72 crore in Q4 FY23. This significant growth highlights the company’s successful market strategies and robust demand for its automotive products.

Profitability Analysis

The company’s profit metrics show impressive growth, with profit before tax (PBT) climbing to ₹2,541.57 crore, marking an increase of 34.7% compared to ₹1,886.50 crore in the corresponding quarter of the previous year. Profit after tax (PAT) also showed a substantial rise, reaching ₹1,936.00 crore, up by 35.1% from ₹1,432.88 crore in Q4 FY23. These increases reflect Bajaj Auto's strong operational efficiency and cost management.

Earnings Per Share

Earnings per share saw a significant boost, with basic and diluted EPS increasing to ₹68.5, up 35.1% from ₹50.7 year-over-year. This rise in EPS indicates not only improved profitability but also Bajaj Auto's commitment to enhancing shareholder value.

Dividend Declaration

Aligning with its track record of returning value to its shareholders, Bajaj Auto's board recommended a dividend of ₹80 per share, demonstrating confidence in the company’s continued financial health and its strategy of rewarding investors.

Operational Highlights

Throughout the quarter, Bajaj Auto focused on expanding its market presence both domestically and internationally. Innovations in product offerings and strategic marketing initiatives have helped solidify its position in a competitive market. The company’s operational strategies are geared towards sustainability and efficiency, further strengthening its market standing.

Financial Summary:

Particulars

Q4 FY’24 (₹ in Crore)

Q4 FY’23 (₹ in Crore)

Revenue from Operations

11,484.68

8,904.72

Other Income

348.66

259.83

Total Income

11,833.34

9,164.55

Total Expenses

9,291.77

7,278.05

Profit Before Tax

2,541.57

1,886.50

Profit After Tax

1,936.00

1,432.88

EPS (₹)

68.5

50.7

Additional Read: Quarterly Results

Particulars

Q4 FY24 (₹ Crore)

Q4 FY23 (₹ Crore)

FY24 (₹ Crore)

FY23 (₹ Crore)

Revenue from Operations

11,484.68

8,904.72

44,685.23

36,427.60

Other Income

348.66

259.83

1,402.45

1,181.42

Total Income

11,833.34

9,164.55

46,087.68

37,609.02

Expenses

9,291.77

7,278.05

36,265.67

30,200.38

Profit Before Tax

2,541.57

1,886.50

9,822.01

7,408.64

Profit After Tax

1,936.00

1,432.88

7,478.79

5,627.60

Basic and Diluted EPS (₹)

68.5

50.7

264.6

197.3

Total Comprehensive Income

2,159.14

1,533.02

8,243.92

5,866.48

Equity Share Capital

-

-

279.18

282.96

Other Equity

-

-

24,581.32

25,142.90

Dividend Per Share (₹)

80

-

-

-

Additional Read: Annual Results

Market and Future Outlook

Bajaj Auto remains optimistic about the future, driven by robust market demand and its strategic initiatives aimed at expanding its global footprint. The company continues to invest in technology and innovation to stay ahead of industry trends and meet the evolving needs of consumers.

Conclusion

Bajaj Auto's Q4 FY24 results highlight a successful quarter marked by strong growth in revenue and profits. The company's strategic initiatives and operational efficiencies are evident in its financial performance, positioning it well for continued success in the competitive automotive industry. With a solid foundation and a clear strategic direction, Bajaj Auto is well-positioned to capitalize on the opportunities ahead, promising continued growth and value creation for its stakeholders.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Source: Bajaj Auto Press Release

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