Bajaj Auto reported a marginal drop in net profit for the fourth quarter of 2013-14 at Rs.764 crore (Rs.766 crore) on a 2.5 per cent higher turnover of Rs.5,117 crore. Export revenues, however, rose smartly by 30 per cent to Rs.2,076 crore.
The operating profit at Rs.1,030 crore was up 12.8 per cent. The operating margin too rose to 20.6 per cent (18.9 per cent).
For the whole of 2013-14, the company reported a 6.5 per cent growth in net profit at Rs.3,243 crore on a flat turnover of Rs.20,856 crore (Rs.20,793 crore).
The board has recommended a dividend of Rs.50 per share (Rs.45 per share). Sales declined by 8.6 per cent to 38,70,077 units.
