Bajaj Auto Q4 net rises 2%, firm flags input costs
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Board names Niraj Bajaj chairman
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Board names Niraj Bajaj chairman
Bajaj Auto Ltd. reported a 2% rise in standalone net profit to ₹1,332 crore for the fourth quarter. Turnover grew 21% to ₹8,880 crore. Revenue from operations increased 26% to ₹8,596 crore.
For the financial year ended March 31 the company reported a 11% decline in net profit to ₹4,555 crorewhile revenue from operations dipped 7% to ₹27,741 crore.
“Full year numbers are not comparable as Q1/ FY21 was an absolute washout due to the pandemic and Q4 and full year FY20 had ₹119 crore and ₹234 crore as dividend income respectively,” the company said in a filing, adding that there was no dividend income in FY21.
Mr Rahul Bajaj s appointment as non-executive chairman came into effect from April 1
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Mr Niraj Bajaj will replace him as Chairman, with effect from May 1
Bajaj Auto reported a net profit of ₹ 1,551.28 crore in March quarter
Bajaj Auto chairman Mr Rahul Bajaj resigned from the executive role on Thursday, April 29. Mr Niraj Bajaj, Nonexecutive Director of the Company will be appointed as the Chairman of Bajaj Auto, with effect from May 1, 2021, replacing Mr Rahul Bajaj. According to a regulatory filing by the auto major to the BSE today, Mr Rahul Bajaj, considering his age, tendered his resignation as non-executive Director and Chairman of the company. Mr Rahul Bajaj s appointment as non-executive chairman came into effect from April 1, 2021, and has now stepped down from the role at the end of the current term. (
Niraj Bajaj named Bajaj Auto Chairman; Rahul Bajaj to be Chairman Emeritus
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April 29, 2021 16:35 IST
This will be taken up at the ensuing annual general meeting for the approval of the shareholders.
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File photo of Niraj Bajaj.
This will be taken up at the ensuing annual general meeting for the approval of the shareholders.
Bajaj Auto has announced the appointment of Neeraj Bajaj as its new Chairman of the Board with effect from May 1, 2021.
The auto maker has also announced Rahul Bajaj as its Chairman Emeritus.
“Rahul Bajaj, Non-executive Chairman of the Company, having been at the helm of the Company since 1972 and the Group for five decades, considering his age, has tendered his resignation as non-executive director and Chairman of the Company with effect from close of business hours on 30 April 2021,” Bajaj Auto said in a filing with stock exchanges.
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