Automobile major Bajaj Auto reported a net profit of Rs 1,400 cr for the quarter ended March 31, 2011. This marks a 165% jump from the Rs 528.6 crore reported for the corresponding period a year ago.
Total income for the quarter increased 25% to Rs 4,300 crore from Rs 3,442 crore posted in year-ago period.
Consolidated net profit for the financial year ended March 31, 2011 rose 116% to Rs 3,454.8 crore from Rs 1,594.6 posted for the year ended March 31, 2010. Total Income has increased 40.6% from Rs 12,096.6 crore for the year ended March 31, 2010 to Rs 17,008 crore for the year ended March 31, 2011.
The automobile sales of the company stood at 38,23,954 units in FY11 compared to 28,52,580 units in FY10, up 34.05%, it added
The company has informed Bombay Stock Exchange that the board of directors has recommended a dividend of Rs 40 per share (400%) subject to approval of shareholders.
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