(20 second reading) Bajaj Auto Ltd reported a net profit of Rs 2,011.43 crore for the fourth quarter of FY24. The company posted revenue of Rs 11,554.95 crore in the three months ended March 31.

The automaker’s board also approved a dividend at the rate Rs 80 per share (800%) of face value of Rs 10 each on equity shares for the financial year ended 31 March 2024.

Analysts projected a profit of Rs 1,816 crore on revenue of Rs 11,096 crore, according to an average estimate of eight brokerages.

The shares of Bajaj Auto rose 1.61 percent to Rs 9,062 on BSE today. The earnings were announced after the close of trading.