Bajaj Auto Ltd. announced financial results for the fourth-quarter, reporting a net profit of Rs.130.21 crore, compared with Rs.120.79 crore in the year-ago quarter. Total revenue declined to Rs.1,906.32 crore from Rs.2,094.89 crore in the previous year quarter.
For the fiscal year, the company's net profit dropped to Rs.654.50 crore from Rs.755.78 crore in 2008. Total revenue fell to Rs.8,922.03 crore from Rs.9,168.84 crore last year.
On a consolidated basis, the company posted net profit of Rs.69.14 crore, compared with Rs.137.71 crore in the year-ago quarter. Total revenue plummeted to Rs.1,906.02 crore from Rs.2,081.07 crore in the preceding year.
For the first twelve months, the company's net profit was Rs.535.79 crore, down from Rs.749.56 crore in 2008. Total revenue decreased to Rs.8,926.48 crore from Rs.9,164.00 crore a year-ago.
The company said its board has recommended a dividend of 220% or Rs.22.00 per equity share of Rs.10 each for the fiscal year 2009.
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