BAJAJ BROKING
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.
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 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
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.
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
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.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Source: Bajaj Auto Press Release
Share this article:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading