Bajaj Auto Q4 Results 2024: Surging Profits and a Dividend Delight

Discover the latest on Bajaj Auto Q4 Results 2024, showcasing an impressive 18% profit surge and a dividend announcement of ₹80 per share. Explore key insights into the company's robust financial performance, operational success, market growth, and shareholder rewards, alongside expert analyses and strategic appointments.

Shahid
7 Min Read

Bajaj Auto has shared its performance report “Bajaj Auto Q4 Results 2024” for the last quarter of the financial year 2023-24 (January to March), showing a significant 18% increase in its combined profit, reaching ₹2,011.43 crore. Bajaj Auto is the first among its competitors in the two-wheeler manufacturing industry to disclose its results for the March quarter. The company’s earnings during this period were mainly driven by robust demand within India for its motorcycles and a rebound in exports of its two-wheeler products.

According to a regulatory filing to the stock exchanges, Bajaj Auto credited its consistent growth throughout the year to a resilient business model, which relied on strong domestic sales compensating for weaker exports affected by challenging conditions in international markets.

Key Highlights From Bajaj Auto Q4 Results 2024:

Financial Performance:

Bajaj Auto’s net profit increased by 18% to ₹2,011.43 crore in the March quarter, compared to ₹1,704.74 crore in the same period last year. The company’s revenue for the January-March period surged by 30%, reaching ₹11,249.8 crore, up from ₹8,660 crore in the previous year.

Operational Success:

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) soared by 34.4% to ₹2,307 crore in the March quarter, compared to ₹1,716 crore in the same period last year. Operating margins also improved to 19.7%, driven by effective management of profit and loss, a better product mix, and operational efficiency. Bajaj Auto’s EBITDA for the entire fiscal year (2023-24) reached a record high of ₹8,825 crore, marking a 35% year-on-year growth.

Bajaj Auto Dividend Distribution:

Bajaj Auto’s board approved a dividend of ₹80 per share (800% of face value of ₹10 each) for the financial year ended March 31, 2024, totalling ₹2,233 crores. The Bajaj Auto Dividend, subject to shareholder approval at the Annual General Meeting scheduled for July 16, 2024, will be credited around July 19, 2024. This, along with a recent share buyback of ₹4,932 crore, sums up to more than 95% of the profit after tax distributed to shareholders for the year.

Performance in the Domestic Market:

As per Bajaj Auto Q4 Results 2024, the company witnessed a 24% increase in total sales during the fourth quarter, with two-wheeler sales rising by 26% and commercial vehicle sales by 13% compared to the same period last fiscal year. Notably, the Chetak model achieved its highest quarterly sales volume, surpassing the sales of the entire previous year. Triumph motorcycles contributed 2.1% to Bajaj Auto’s total two-wheeler sales for the quarter.

Export Growth:

Despite challenges, Bajaj Auto’s export revenues experienced double-digit growth year-on-year, benefiting from a better product mix and improved realizations. Although export volumes remained steady compared to the previous quarter, they increased by approximately 20% compared to the previous year, mainly due to a favourable comparison with a softer base period. Bajaj Auto’s domestic motorcycles, especially the ‘Pulsar’ range, continued to gain market share in the 125cc+ segment, showing a remarkable four-fold growth compared to the rest of the industry.

Bajaj Auto Candle Chart
Bajaj Auto Candle Chart

Analysts' Take on Bajaj Auto Q4 Results 2024

Motilal Oswal highlighted that Bajaj Auto’s recent performance boost over the past year was primarily driven by its increased market share in the 125cc+ domestic motorcycles category, along with improved profit margins and a unique shareholder reward policy.

They also mentioned that the company is planning to launch its first CNG-powered motorcycle in June. If this innovative product succeeds, it could positively impact volume estimates.

On the other hand, Choice Broking assessed the stock’s value at Rs 9,612. They emphasized that despite fluctuations, they maintain a ‘BUY’ rating on the stock as Bajaj Auto Q4 Results 2024 are good. This decision is influenced by factors such as the rising contribution of premium products like Triumph, the healthy growth in the EV portfolio, and the improving profitability of Chetak.

Bajaj Auto Q4 Results 2024 In Table Format

Here’s a table summarizing Bajaj Auto Q4 Results 2024:

AspectPerformance
Combined Profit Increase18%
Net Profit (March Quarter)₹2,011.43 crore
Revenue (Jan-Mar)₹11,249.8 crore (30% increase from the previous year)
EBITDA (March Quarter)₹2,307 crore (34.4% increase from the previous year)
Operating Margins19.7% (Improved due to effective management and better product mix)
Full Year EBITDA₹8,825 crore (35% year-on-year growth)
Dividend Amount₹80 per share (Totaling ₹2,233 crore)
Dividend ApprovalSubject to shareholder approval at AGM on July 16, 2024
Dividend Credited DateAround July 19, 2024
Share Buyback Amount₹4,932 crore
Sales Growth (Domestic)24% increase in total sales during the fourth quarter
Two-wheeler Sales Growth26% increase compared to the same period last fiscal year
Commercial Vehicle Sales Growth13% increase compared to the same period last fiscal year
Notable AchievementChetak model achieved its highest quarterly sales volume
Export Revenue GrowthDouble-digit growth year-on-year
Export Volume IncreaseApproximately 20% increase compared to the previous year
Market Share GainPulsar range showed a remarkable four-fold growth in the 125cc+ segment

This table provides a clear overview of Bajaj Auto’s performance across various financial and operational metrics in the last quarter of FY 2023-24.

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Hola amigos Welcome to the world of "Shahid's Multiverse"! As a software engineer and stock market trader, I'm passionate about finance, entertainment, tech, and AI. This blog is your guide to navigating these dynamic fields, with insights, tips, and discussions to empower your financial future, fuel your entertainment needs, and keep you ahead of the technological curve.
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