Bajaj Auto Shares Jump Over 4 Pc As Q4 PAT Surges

Shares of Bajaj Auto Ltd on Thursday climbed over 4% after the firm reported a 93.81% jump in consolidated profit after tax in the fourth quarter ended March 31.

The stock rallied 4.10% to ₹10,738.40 -- its 52-week high -- on the BSE.

At the NSE, the stock jumped 4% to reach its 52-week high of ₹10,740.

Bajaj Auto Ltd on Wednesday reported a 93.81% jump in consolidated profit after tax to ₹3,492.21 crore in the fourth quarter ended March 31, riding on record sales volumes and favourable foreign exchange.

The company had posted a consolidated net profit of ₹1,801.85 crore in the same quarter of the previous fiscal, Bajaj Auto said in a regulatory filing.

Its consolidated total revenue from operations in the quarter under review stood at ₹17,832.46 crore, up from ₹12,646.32 crore in the year-ago period.

The company pointed out record volumes, improved mix and favourable currency for the revenue growth.

Total expenses were higher at ₹15,390.53 crore compared to ₹10,219.14 crore a year ago, the company said.

Overall vehicle sales in the fourth quarter were at 13,71,058 units as against 11,02,934 units in the year-ago period, up 24%.