HDFC Life Insurance Q1 Results Highlights: Net Profit Iumps 15% on-year to ₹479 cr
Bajaj Auto Q4 FY2024 Results: Net Profit at Rs.2,011 Crore, Up 18% YoY
Last Updated: 19th April 2024 - 11:37 am
Key Highlights
- Bajaj Auto reported a 17.99% growth in its net profit on a YOY basis reaching ₹2,011 from ₹1,705.
- The revenue from operations amounted to ₹11,555 for Q4 FY2024, up by 29.41% on a Y-O-Y basis.
- PAT margin was reported at 17.41% for Q4 FY 2024 against 16.17% in Q3 FY2024.
Business Highlights
- The company reported a total revenue of ₹11,914.94 for the quarter ended March 2024 against ₹12,521.66 for the quarter ended December 2023, a decrease of 4.85% increase on a quarterly basis. However, on a Y-O-Y basis, it increased by 29.61%.
- Bajaj Auto’s revenue for the Financial Year of 2024 reached an all-time high at ₹44,685, growing 23% on a Y-O-Y basis.
- EBITDA for Q4 FY 2024 was up by 34% on a Y-O-Y basis reaching ₹2,307 cr.
- For total sales of the two-wheeler, the global market’s contribution was 40%.
- Infosys Board suggested a ₹80 per share dividend for FY2024.
- In January this year, the Board also approved a buyback of 4,000,000 fully-paid equity shares, which amounted to ₹4932 cr (inclusive of tax).
Bajaj Auto released a statement on the results, commenting, “Domestic motorcycles delivered another share gain performance on the 125cc+ segment, registering 4X growth vs. rest of industry. Pulsar continues to lead the way and the range strengthened by the upgraded N150/160/250, that seeks to elevate the ride experience.” The official statement added, “The consistent growth across all quarters (with quarterly highs on 3/4) reflected the resilient business model, where a strong domestic performance more than made up for muted exports which continued to be impacted by the challenging context in overseas markets.”
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