Bajaj FY07 consol net up 13%, to pay Rs 40/shr

Bajaj Auto today reported a 13% increase in consolidated income attributable to the group at Rs 1,248.28 crore for the year ended March 31, 2007 when compared with  Rs 1,104.60 crore in FY06.

According to a release issued to the BSE today, net sales increased to Rs 10,118.67 crore from Rs 8,103.74 crore in FY06.

Income attributable to consolidated group stood at Rs 377.39 crore for the quarter ended March 31, 2007 as against Rs 357.34 crore in Q4FY06. Income from operations increased to Rs 2,589.50 crore from Rs 2,297.52 crore for the quarter ended March 31, 2006.

On a stand-alone basis, the company posted a profit after adjustments of Rs 308.31 crore in Q4FY06 when compared with Rs 346.97 crore in Q4FY06. Total income increased to Rs 2,471.25 crore from Rs 2,268.95 crore in Q4FY06.

For the year ended March 31, 2007, the company posted a net profit of Rs 1,237.10 crore as against Rs 1,123.27 crore in FY06. Income increased to Rs 10,076.05 crore from Rs 8,106.35 crore.

The board has recommended a dividend of 400% i.e Rs 40 per share for the year ended March 31, 2007.