Bajaj Corp Ltd. reported third-quarter stand-alone net profit of Rs.42.20, compared with Rs.28.88 crore for the quarter ended December 31, 2011, reflecting a 46 percent growth.
Its quarterly total income from operations increased by 32 percent to Rs.148.06 crore from the Rs.112.30 crore in the year-ago quarter, while other operating income stood at Rs.0.22 crore, compared with Rs.0.20 crore in the corresponding quarter of the preceding year.
For the nine months, the company reported a stand-alone net profit of Rs.118.23 crore, up by 37 percent from the Rs.86.04 crore for the nine months ended December 31, 2011. Total income, including other operating income, increased by 30 percent to Rs.422.54 crore from the Rs.326.28 crore in the corresponding period last year.
The company’s board recommended an interim dividend of 650 percent or Rs.6.50 per equity share of Re.1 each for the fiscal year 2013. It fixed January 25 as the Record Date for the purpose of payment of interim dividend and it will be paid from February 01, 2013 onwards.
At the BSE, Bajaj Corp shares are currently trading at a new high of Rs.247.20, up 1.02 percent from the previous close.
by RTT Staff Writer
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