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Bajaj Auto Q4 net profit dips 4 pc to Rs 1,354 cr

Press Trust of India  |  New Delhi 

Bajaj Auto on Wednesday posted a 3.86 per cent fall in its consolidated net profit at Rs 1,353.99 crore for the fourth quarter ended March 31.

The company had reported a net profit of Rs 1,408.49 crore for the January-March quarter of 2018-19.

Total revenue from operations declined to Rs 6,815.85 crore for the fourth quarter as against Rs 7,420.6 crore in the corresponding period of 2018-19, Bajaj Auto said in a regulatory filing.

During the period under review, the company's volumes declined by 17 per cent to 9,91,961 units as compared with 11,93,590 units in the fourth quarter of 2018-19.

For the year ended March 31, the company posted a net profit of Rs 5,211.91 crore as compared with Rs 4,927.61 crore in 2018-19.

Total revenue from operations stood at Rs 29,918.65 crore for the financial year 2019-20 as against Rs 30,357.63 crore in 2018-19.

The company sold 4,615,212 units in 2019-20, down 8 per cent from 50,19,503 units in 2018-19.

"The complete lockdown of the country on account of COVID-19 has effectively wiped out 40 days, of which 32 days have been in 2020-21. Now, with the partial ease on lockdown, our manufacturing facilities at Chakan, Waluj and Pantnagar have opened, but are not working at a full pace," Bajaj Auto said.

In near future, the company expects to continue to witness the impact of this lockdown, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 18:52 IST