Bajaj Auto Q4 net up 165 per cent

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Mumbai, May 18 : Automobile major Bajaj Auto today said it registered a net profit of Rs 1,400 crore, surging by 165 per cent for the quarter ended March 31, 2011.

Total income for the quarter increased by 25 per cent to Rs 4,300 crore from Rs 3,442 crore registered a year ago.

Consolidated net profit for the year that ended on March 31, 2011 increased by 116 per cent to Rs 3,454.8 crore from Rs 1,594.6 for the previous year.

Total Income has increased 40.6pc from Rs 12,096.6 crore for the year that ended on March 31, 2010 to Rs 17,008 crore for the year that ended on March 31, 2011.

The Board of Directors announced a dividend of Rs 40 per share, the company informed the Bombay Stock Exchange (BSE).

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