Bajaj Auto Q4 net up 306 pc at Rs 529 cr

Briefing reporters, Managing Director Rajiv Bajaj said: “Q4 margins were highest ever for FY10 and we expect margins to stay at 20 per cent in the current fiscal.”

Total income stood at Rs 3,441.95 crore versus Rs 1,906.32 crore for the Q4’09, an increase of 80.55 per cent.

For the year ended March 31, 2010, Bajaj posted a 159.75 per cent rise in the net profit to Rs 1,700.11 crore compared to Rs 654.50 crore for fiscal 2009, while total income rose to Rs 12,043.48 crore from Rs 8,922.03 crore in the fiscal 2009, a spurt of 34.98 per cent.

Further, the group’s consolidated net profit stood at Rs 1,594.60 crore for FY10 as against Rs 535.79 crore, while total income increased from Rs 8926.48 crore to Rs 12,096.65 crore.