Bajaj Auto Ltd (BAL) declared a 250% (140%) dividend for 03-04. Net profit for BAL during the quarter ended June 30 rose marginally to Rs 164.5 crore (Rs 161.1 cr) on net sales of Rs 1226.1 cr (Rs 1074.1 cr).
Rahul Bajaj, CMD, BAL, attributed the lower net profit despite a rise in sales to the tax breaks and low interest rates which prevailed last year.
BAL’s first quarter gross profit after interest before depreciation and taxation was Rs 290.7 cr (Rs 257.4 cr), depreciation Rs 46.2 crore (Rs 43.3 cr) and profit before tax Rs 244.5 cr (Rs 214.1 cr). |
