Bajaj Auto Declared 80 Rupees dividend after net profit jumps to 2011 crore rupees in q4 know details

Bajaj Auto Dividend Declared: Bajaj Auto Limited released its fourth quarter results on Thursday, April 18, 2024. In the January to March quarter, the company's net profit increased by 18 percent to Rs 2011.43 crore. Last year, in the quarter from January to March, the company's profit was Rs 1705 crore. After the huge profit in the March quarter, the company has announced a huge dividend for the investors. For this the company has also announced a record date.

Bajaj Auto announces huge dividend

After strong profits in the March quarter, the company has announced a huge dividend. The company is going to give a dividend of Rs 80 per share to the investors. According to the information given to the share market, the board of the company has declared a dividend of Rs 80 against the face value share of Rs 10 in the financial year ending March 31, 2024. In such a situation, investors are going to get the benefit of dividend at the rate of 800 percent.

When was the record date fixed?

According to the information given in the filing, Bajaj Auto has set the record date as June 14, 2024. In such a situation, only those investors who have shares of the company till June 14 will get the benefit of this dividend. Earlier, the company had announced a dividend of Rs 140 on 25 April 2025. In April 2022, the company had announced a dividend of Rs 140. This is the fifth consecutive year that the company is continuously declaring dividend.

Company's revenue increased

Bajaj Auto Company has earned 30 percent more in the March quarter than last year and the company's revenue has increased to Rs 11554.95 crore. Earlier in the same quarter last year, the company had earned a total of Rs 8,929 crore.

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