Mumbai May 18 (IANS) Two- and three-wheeler manufacturer Bajaj Auto on Thursday reported a decline of 15.48 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.
According to the company its standalone net profit during the quarter under review declined to Rs 802 crore from Rs 949 crore in the corresponding period of 2015-16.
Bajaj Auto s total income for the fourth quarter decreased by 7.72 per cent to Rs 5 506 crore from Rs 5 967 crore earned during Q4 of FY16.
The two- and three-wheeler manufacturer s sales during the period under review dipped by 9.72 per cent to 787 627 units from 872 458 units off-take in the corresponding period of 2015-16.
On a full financial year 2016-17 basis the company reported that its standalone net profit decreased by 2.59 per cent to Rs 3 828 crore from Rs 3 930 crore in 2015-16.
Bajaj Auto s standalone total income during the fiscal under review edged lower by 2.59 per cent to Rs 24 310 crore from Rs 24 957 crore.
The company s sales during last fiscal fell by 5.84 per cent to 3 665 950 units from 3 893 581 units off-take in 2015-16.
However the company s consolidated profit after tax marginally increased to Rs 4 079 crore as against Rs 4 061 crore in FY16.
The company s Board of Directors has recommended a dividend of Rs 55 per share.
--IANS
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Bajaj Auto s standalone Q4 net profit down 15% (Lead)
