Bajaj Auto Q4 dividend: Automaker declares final dividend of Rs 80 per share

Bajaj Auto on Thursday announced its final dividend of Rs 80 per equity share of the face value of Rs 10 each, according to a stock market disclosure.

"In line with the company’s dividend distribution policy, the board of directors has approved/recommended a dividend at the rate of Rs 80 per share (800 per cent) of face value of Rs 10 each on equity shares for the financial year ended 31 March 2024. The said dividend, if approved by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or around 19 July 2024," the company said in a BSE filing.

The Pulsar motorcycle maker also shared its financial results today for the fourth quarter ended on March 31, 2024. Bajaj Auto on Thursday reported a standalone net profit of Rs 1,936 crore for the January-March period, marking a jump of 35.1 per cent compared with the corresponding period a year ago that was better than analysts' expectations.

The two- and three-wheeler manufacturer, whose popular models include Pulsar, Discover and Dominar, registered revenue of Rs 11,484.7 crore for the March quarter as against Rs 8,904.7 crore for the year-ago period. Read more here