Bajaj Auto was down 1.67% to Rs 2,982.10 at 14:55 IST on BSE after consolidated net profit fell 13.44% to Rs 862.25 crore on 8.7% decline in total revenue from operations to Rs 5212.83 crore in Q4 March 2017 over Q4 March 2016.The result was announced during market hours today, 18 May 2017.
Meanwhile, the S&P BSE Sensex was down 186.18 points or 0.61% at 30,472.59.
On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 26,377 shares in the past one quarter. The stock had hit a high of Rs 3,030.95 and a low of Rs 2,982 so far during the day.
The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,366 on 24 May 2016. It had outperformed the market over the past one month till 17 May 2017, advancing 6.39% compared with the Sensex's 4.23% rise.
The scrip had also outperformed the market over the past one quarter, gaining 9.03% as against the Sensex's 7.69% rise.
The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.
Bajaj Auto's standalone net profit fell 15.48% to Rs 802 crore on 7.72% decline in total income to Rs 5506 crore in Q4 March 2017 over Q4 March 2016.
The company's standalone operating earnings before interest, taxation, depreciation and amortization (EBITDA) dropped by 16.25% to Rs 1056 crore in Q4 March 2017 over Q4 March 2016. Operating EBITDA margin contracted to 21.2% in Q4 March 2017, from 23.3% in Q4 March 2016. The drop in the margins was due to rise in input material cost, increase in costs on transition from BS III to BS IV compliant vehicles.
Bajaj Auto's board recommended a dividend of Rs 55 per share for the year ended March 2017.
Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.
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