Bajaj Finance today said its net profit for the fourth quarter ended March 31, 2012 increased by over 52% to Rs 108 crore.
The company's profit in the same quarter a year ago was Rs 71 crore, it said in a BSE filing. Its profit for full year 2011-12 rose to the highest-ever level at Rs 406 crore.
"Bajaj Finance reports a highest ever yearly profit after tax of Rs 406 crore, an increase of 64% over previous year," it said in the statement.
Meanwhile, company's income in the last quarter (January- March) rose 58% year-on-year to Rs 623 crore, it said in the statement. Total income during April-March increased by 54% to Rs 2,172 crore, it added.
The company acquired 5,01,669 customers in the last quarter, an increase of 36% from the corresponding period a year ago, it said. Also, the board of directors has recommended a dividend of Rs 12 per share.
It said the company has "recommended dividend of Rs 12 per equity share of face value of Rs 10 each subject to approval of the shareholders at the annual general meeting to be held on July 17, 2012. The dividend, if declared by the shareholders, will be credited or dispatched between July 23, 2012 to July 25, 2012".
