Bajaj Auto Reports Slight Decline in Profit, Approves Dividend

Bajaj Auto

The company on Tuesday reported a 2.5 percent year-on-year (YoY) decline in net profit at Rs 1,433 crore for the fourth quarter that ended March 31, 2023. In the corresponding quarter last year, the company posted a net profit of Rs 1,469 crore. CNBC-TV18 Polls had predicted a net profit of Rs 1,386 crore for the quarter under review. The board has approved a dividend of Rs 140 per share for FY23.