Bajaj Auto has posted a net profit (after tax) of Rs 772 crore for the fiscal fourth quarter ended 31 March 2012, against a net profit of Rs 1400.39 crore during the year-ago quarter ended 31 March 2011.
The decline in net profit during the quarter was mainly because of the pre-payment of sales tax deferral loan of Rs 826.82 crore, which was available in Q4 of 2010-11 and not available in 2011-12, the company said in a filing with the Bombay Stock Exchange (BSE).
Total income of the company, however, increased to Rs 4,790.93 crore during the quarter ended 31 March 2012, from Rs 4,300.94 crore during the quarter ended 31 March 2011. Income from operations during the last quarter of the financial year 2011-12 stood at Rs 4,651.44 crore compared with Rs 4,144.79 crore in the same period in 2010-11.
But total expenses of the company also shot up to Rs 3,774.31 crore from Rs 3,371.52 crore in Q4 of 2010-11, audited results showed.
Though the profit before exceptional items at Rs 1,014.85 crore was higher than Rs 929.37 crore of the previous-year quarter, net profit was down to Rs772 crore, against Rs 1,400.39 crore in the previous year quarter.
The decline in net profit during the quarter was mainly because of the pre-payment of sales tax deferral loan of Rs 826.82 crore, which was available in Q4 of 2010-11 and not available in 2011-12, the company said in a filing with the Bombay Stock Exchange (BSE).
Total income of the company, however, increased to Rs 4,790.93 crore during the quarter ended 31 March 2012, from Rs 4,300.94 crore during the quarter ended 31 March 2011. Income from operations during the last quarter of the financial year 2011-12 stood at Rs 4,651.44 crore compared with Rs 4,144.79 crore in the same period in 2010-11.
But total expenses of the company also shot up to Rs 3,774.31 crore from Rs 3,371.52 crore in Q4 of 2010-11, audited results showed.
Though the profit before exceptional items at Rs 1,014.85 crore was higher than Rs 929.37 crore of the previous-year quarter, net profit was down to Rs772 crore, against Rs 1,400.39 crore in the previous year quarter.
This article was Posted by:
Kurian Akkara
Source: domain-b.com
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