Bajaj Auto Q4 standalone net up 10% to Rs 1,469 cr despite revenue dip

Two- and three-wheeler maker Bajaj Auto on Wednesday declared a 10.3 per cent increase in its standalone profit after tax (PAT) to Rs 1,468.95 crore as compared to a profit of Rs 1,332.07 crore reported in the same quarter a year ago.

Total revenue from operations for the automaker came in at Rs 7,974.84 crore, down 7.2 per cent from Rs 8,596.10 crore in the same quarter last year.

The profit for the quarter was aided by an exceptional income of Rs 315.28 crore towards incentive receivable from the State Government of Maharashtra.

“The company continues to face severe supply chain challenges, especially