Bajaj Auto Q4 FY24 Results Live : profit rise by 17.99% YOY
Bajaj Auto declared their Q4 FY24 results on 18 Apr, 2024, showcasing a strong performance. The company reported a 29.41% year-over-year increase in revenue and a 17.99% year-over-year growth in profit.
However, when compared to the previous quarter, there was a 5.02% decline in revenue and a 1.04% decrease in profit.
The Selling, general & administrative expenses saw a 4.08% quarter-on-quarter rise and a 10.83% year-on-year increase.
Operating income witnessed a 5.62% decline quarter-on-quarter but surged by 38.59% year-on-year, reflecting the company’s overall positive trajectory.
The Earnings Per Share (EPS) for Q4 FY24 stood at ₹72.05, marking a 19.56% year-on-year increase.
Bajaj Auto’s stock performance has been impressive, with a 0.47% return in the last week, 64.54% return in the last 6 months, and a 32.72% Year-to-Date (YTD) return.
The company’s market capitalization currently stands at ₹251,856.4 Cr, with a 52-week high/low of ₹9357.95 and ₹4252.05 respectively.
Analysts covering Bajaj Auto have varying opinions, with 8 analysts giving a Strong Sell rating, 2 analysts recommending Sell, 8 analysts suggesting Hold, 7 analysts advising Buy, and 10 analysts advocating Strong Buy.
As of 20 Apr, 2024, the consensus recommendation for Bajaj Auto was to Hold, indicating a balanced view on the stock.
Additionally, Bajaj Auto announced a final dividend of ₹80.0, with the ex-dividend date set for 14 Jun, 2024, rewarding shareholders for their investments.
| Period | Q4 FY24 | Q3 FY24 | Q-o-Q Growth | Q4 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 11554.95 | 12165.33 | -5.02% | 8929.23 | +29.41% |
| Selling/ General/ Admin Expenses Total | 420.62 | 404.15 | +4.08% | 379.51 | +10.83% |
| Depreciation/ Amortization | 92.81 | 92.91 | -0.11% | 75.99 | +22.13% |
| Total Operating Expense | 9363.5 | 9843.34 | -4.87% | 7348.01 | +27.43% |
| Operating Income | 2191.45 | 2321.99 | -5.62% | 1581.22 | +38.59% |
| Net Income Before Taxes | 2605.75 | 2666.22 | -2.27% | 2160.11 | +20.63% |
| Net Income | 2011.43 | 2032.62 | -1.04% | 1704.74 | +17.99% |
| Diluted Normalized EPS | 72.05 | 71.9 | +0.21% | 60.26 | +19.56% |
FAQs
Question : What is the Q4 FY24 profit/Loss as per company?
Ans : ₹2011.43Cr
Question : What is Q4 FY24 revenue?
Ans : ₹11554.95Cr
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Published: 20 Apr 2024, 03:51 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.