Bajaj FY06 consolidated net at Rs 1,105cr

Bajaj Auto today reported a consolidated net profit of Rs 1,104.60 crore for the year ended March 31, 2006 when compared with Rs 760.34 crore in FY05.

According to a release issued by the company to the BSE today, sales increased to Rs 8,103.74 crore from Rs 6,368.91 crore in FY05.
Income attributable to consolidated group stood at Rs 357.34 crore in Q4FY06 as against Rs 198.20 crore in Q4FY05. Net sales increased to Rs 2,297.52 crore from Rs 1,758.98 crore in Q4FY05.

The company, on a stand-alone basis, posted a net profit after deffered tax adjustment of Rs 346.97 crore for the quarter ended March 31, 2006 when compared with Rs 204.63 crore in Q4FY05. Total income increased to Rs 2,268.95 crore from Rs 1,761.15 crore.

The company has posted a net profit of Rs 1,123.27 crore in FY06 as against Rs 729.16 crore in FY05. Total income increased to Rs 8,106.35 crore from Rs 6,322.78 crore.

The board has recommended a dividend of 400% i.e Rs 40 per share, the release added.