Bajaj Auto Q4 net profit up 1.66% at Rs 1332.07 cr
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The company reported standalone net profit of Rs 1,332.07 crore for the quarter ended March 31, 2021 as compared to Rs 1310.29 crore in the same period last year, registering a year-on-year growth of 1.66 per cent. Net revenue of the company rose substantially by 27.26 per cent at Rs 8,412.80 crore in January-March quarter of this fiscal as against Rs 6,610.90 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 27.12 per cent to Rs 7,072.00 crore from Rs 5,563.09 crore in year ago period. Other Income dipped by 46.76 per cent at Rs 283.60 crore versus (Mar'20 Rs 532.65 crore).
Operating Profit surged by 21.66 per cent to Rs 1,524.10 crore as against Rs 1,252.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.38 per cent in March quarter. Interest grew by 124.18 per cent y-o-y to Rs 2.04 crore, while Taxation decreased by 0.86 per cent at Rs 407.42 crore (Mar'20 Rs 410.94 crore).
