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Bajaj Auto Q4 Consolidated Net Profit Dips.
Posted on: 22-05-2009 , 04:: | DY365 Bureau

for the fourth-quarter, hurt by one-time charge and MTM losses. The company, however, reported higher standalone net profit for the quarter, despite these charges.

The Pune-based company posted fourth-quarter consolidated net profit of Rs.69.14 crore or Rs.4.80 per share, 50% lower than Rs.137.71 crore or Rs.9.90 per share in the fourth-quarter of 2008.

The company said the results for the quarter included charge of Rs.61.10 crore towards voluntary retirement expense and Rs.21.80 crore towards mark-to-market losses. Excluding charges, the company's net profit for the quarter amounted to Rs.259.74 crore, up 13% from Rs.230.18 crore in the corresponding quarter of 2008.

For the quarter, company's net revenue was Rs.1,788.84 crore, down 10% from Rs.1,978.43 crore in the corresponding quarter last year, while other operating income totaled Rs.94.43 crore, compared with Rs.82.18 crore in the year-ago quarter.

For the quarter, revenue from Automotive plummeted 9% to Rs.1,883.27 crore from Rs.2,060.61 crore in the corresponding quarter last year, while revenue from Investments rose 61% to Rs.32.98 crore from Rs.20.46 crore in the prior year quarter.

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