Bajaj Auto Q4 Results: Revenue up 30% YoY, dividend declared; 5 key highlights (2024)

Bajaj Auto Q4 Results: Bajaj Auto announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a rise of 18 per cent in consolidated net profit at 2,011.43 crore. Bajaj Auto is the first among its two-wheeler maker peers to report its March-quarter results. The company's earnings in the quarter-under-review was led by strong domestic demand for its motorcycles and a recovery in exports of the two-wheeler segment.

“The consistent growth across all quarters reflected the resilient business model, where a strong domestic performance more than made up for muted exports which continued to be impacted by the challenging context in overseas markets," said Bajaj Auto in a regulatory filing to the stock exchanges.

Also Read: Bajaj Auto Q4 net profit up 18% at ₹2,011 crore, revenue rises 30%

Here are 5 key highlights of Bajaj Auto Q4 scorecard:


1.P&L Account: Profit, Revenue:

The two and three-wheeler major's net profit rose 18 per cent to 2,011.43 crore in the March quarter, compared to 1,704.74 crore in the year-ago period. Bajaj Auto posted revenue of 11,249.8 crore for the January-March quarter up by 30 per cent from 8,660 crore during the same period last year.

The auto major's net profit surpassed the ₹2,000 crore milestone for the first time in the preceding December quarter. For the year ended March 31, 2024, the company posted a 33 per cent rise in net profit at 7,479 crore as against 5,628 crore in the FY23 fiscal. Revenue from operations rose to an all-time high at 44,685 crore for FY24 from 36,428 crore in the 2022-23 fiscal.

2.Operating Performance

On the operating front, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) in the March quarter surged 34.4 per cent to 2,307 crore, compared to 1,716 crore in the year-ago period.

Operating margins stood at at 19.7 per cent, up 180 basis points driven by ‘dynamic P&L management’, ‘richer product mix’ and ‘operating leverage’. At 8.825 crore, Bajaj Auto EBITDA registered its highest ever, growing 35 per cent YoY for the entire fiscal (2023-24).

3.Dividend

The automaker's board also approved a dividend at the rate 80 per share (800 percent) of face value of 10 each on equity shares for the financial year ended March 31, 2024, totalling to 2,233 crore. The dividend, if approved by the shareholders at the Annual General Meeting to be held on July 16, 2024, will be credited on or around July 19, 2024.

‘’The dividend, if declared, shall be paid to the equity shareholders whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, 14 June 2024, which is the Record Date fixed for the purpose'', said Bajaj Auto.

The final dividend, along with the recent share buyback of 4,932 crore, adds up to an overall payout to shareholders of more than 95 per cent of the profit after tax for the year.

Also Read: Bajaj Auto Q4 results preview: Revenue, net profit expected to grow 26% YoY; margin to improve

4.Domestic business

The auto major saw a 24 per cent rise in total sales at 10,68,576 units in the fourth quarter from 8,59,728 units in the same period of FY23. Two-wheeler sales rose 26 per cent year-on-year to 9,16,817 units as compared with 7,25,405 units in the fourth quarter last fiscal. Commercial vehicle sales rose 13 per cent to 1,51,759 units, compared to 1,34,323 units in the year-ago period.

Chetak delivered its highest quarterly volume, a level that was greater than what was sold in all of last year. Triumph accounted for 2.1 per cent of Bajaj Auto's total two-wheeler sales in the fourth quarter. Overall two-wheeler sales rose about 26 per cent in the quarter year-on-year.

The total sales in FY24 rose to 43,50,933 units, up 11 per cent, as compared with 39,27,857 units in the 2022-23 fiscal. Two-wheeler sales rose to 37,27,923 units over 34,42,839 units. The commercial vehicle sales rose to 6,23,010 units, up 28 per cent from 4,85,018 units in FY23.

5.Exports

Export revenues grew double digit YoY as it benefited from a richer mix and better realisations, although volume was flattish compared to last quarter but up ~20 per cent compared to the previous year, the YoY growth being accentuated by a soft base comparator in the base period. The 'Pulsar' bike-maker said that its domestic motorcycles delivered another share gain performance on the 125cc+ segment, registering 4X growth vs. rest of industry.

Pulsar continues to lead the way and the range strengthened by the upgraded N150/160/250, that seeks to elevate the ride experience," Bajaj Auto said in a statement. In a late evening move, Bajaj Auto moved CTO Abraham Joseph to the Chetak Technology unit as MD, with Ramtilak Ananthan taking his place as CTO.

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Published: 18 Apr 2024, 06:23 PM IST

Bajaj Auto Q4 Results: Revenue up 30% YoY, dividend declared; 5 key highlights (2024)

FAQs

What is the result of Bajaj Auto Q4? ›

Bajaj Auto Q4 Results: Bajaj Auto announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a rise of 18 per cent in consolidated net profit at ₹2,011.43 crore.

How much dividend is declared by Bajaj Auto? ›

Bajaj Auto Ltd.

For the year ending March 2024 Bajaj Auto has declared an equity dividend of 800.00% amounting to Rs 80 per share. At the current share price of Rs 9105.60 this results in a dividend yield of 0.88%.

What is the record date for Bajaj Auto dividend in 2024? ›

14/06/2024

Why is Bajaj Auto share falling? ›

Bajaj Auto Share Price: Shares of Bajaj Auto fell 3% at Rs 8,753 on Friday after the two-wheeler major reported a standalone net profit of Rs 1,936 crore for the quarter ended March 31, 2024, which was up by over 35% from Rs 1,432.88 crore reported by the company in the year-ago period.

Is it good to invest in Bajaj Auto? ›

There are 8 analysts who have given it a strong buy rating & 9 analysts have given it a buy rating.

What is the result of Bajaj Finserv Q4? ›

Bajaj Finserv on Friday reported a 20% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 2,119 crore as against Rs 1,769 crore reported in the year-ago period. Consolidated total income for the March quarter stood at Rs 32,042 crore as against Rs 23,625 crore a year-ago, an upside of 36% YoY.

Which car company pays the highest dividend? ›

Top automakers by dividend yield
#NameDividend %
1Dongfeng Motor 10489.HK11.63%
2BMW 2BMW.DE8.32%
3Volkswagen 3VOW3.DE7.65%
4Hyundai 4HYMTF5.52%
57 more rows

How much will I get from dividend? ›

Dividing the stock's annual dividend amount by its current share price allows you to calculate a stock's dividend yield. For example, if a stock is trading at $50 per share, and the company pays a quarterly dividend of 20 cents per share. That company's dividend would be 80 cents.

What is the latest dividend declared by Bajaj Finance? ›

Bajaj Finance Ltd.
Announcement DateEx-DateDividend (Rs)
25-04-202421-06-202436.00
26-04-202330-06-202330.00
26-04-202230-06-202220.00
27-04-202108-07-202110.00
21 more rows

What is the share price target of Bajaj Auto in 2025? ›

BAJAJ-AUTO Share Price Target 2025

The share price of BAJAJ-AUTO is expected to reach a value of Rs. 10651 by January 2025.

What is final dividend record date? ›

The record date will usually be the trading day following the ex-dividend date, which is the trading date the dividend is no longer owed to new buyers of the stock. To be eligible for the upcoming dividend, you must buy the stock at least two business days before the record date.

What is the dividend declared by Bajaj Holdings? ›

In the quarter ending March 2024, Bajaj Holdings & Investment Ltd has declared dividend of ₹21 - translating a dividend yield of 1.75%.

Is Bajaj Auto a debt free company? ›

Analysts said Bajaj Auto's debt-free status and dividend-paying track record have boosted investor interest in the stock. The company's annual cash generation exceeds Rs 5,000 crore, while it has maintained a dividend payout ratio that exceeds 70%.

What is the future prediction of Bajaj Auto? ›

Bajaj Auto stock jumped 5.23% to an all-time high at Rs 7590.00 on January 25th, 2024. With an investment commitment of RS 800 crore for 2024, Bajaj Auto is gearing up to scale up its electric three-wheeler business, Chetak and Triumph Magnitudes.

What is the final dividend of Bajaj Auto? ›

Board of Bajaj Auto recommends Final Dividend. Bajaj Auto announced that the Board of Directors of the Company at its meeting held on 18 April 2024, has recommended a Final dividend of Rs. 80 per share (i.e.800%), subject to the approval of the shareholders.

What are the quarterly results of JBM Auto? ›

On a quarterly growth basis, JBM Auto Ltd has generated 9.01% jump in its revenue since last 3-months. Net Profits: JBM Auto Ltd's net profit jumped 41.74% since last year same period to ₹48.66Cr in the Q3 2023-2024.

What are the results of Bajaj Finance? ›

Q4 Results Highlights
  • Total Income. ₹14,847.79 Cr. (30.71%)
  • Operating Profit. ₹5,017.88 Cr. (17.90%)
  • Profit After Tax. ₹3,824.53 Cr. (21.11%)
  • Operating Margin. 33.80% (-9.80%)

What is the quarterly results of Bajaj Consumer? ›

Financials
Quarterly Results of Bajaj Consumer Care (in Rs. Cr.)Dec '23Dec '22
Net Sales/Income from operations235.76225.46
Other Operating Income--2.93
Total Income From Operations235.76228.39
EXPENDITURE
45 more rows

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