/ Bajaj Corp Soars As Net Profit Increases 17% Yoy ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 12 January 2017

The Q3 results for Bajaj Corp are out and the stock has impressed with an increase in its net profits. The net profits for the company increased by almost 17.2% at 57.8 crore vs 49.3 crore (YoY). The Total Income reported was down by 4.7% at Rs 187 crore  vs Rs 196 crore (YoY).

The EBITDA was reported down by 9.7% at Rs 61.2 crore. The EBITDA margins were reported at 32.7% Vs 34.6% (YoY). Bajaj Corp Limited has informed the Exchange that the Board of Directors at its meeting held on January 12, 2017, recommended an Interim Dividend at the rate of 11.50% i.e. Rs 11.50 per share of Re 1/- each of the Company.

The dividend will be credited / dispatched to the Equity Shareholders of the Company from February 1, 2017 onwards. The stock soared post the Q3 result declaration on Thursday. Markets even though trading in green are struggling to gather steam and sustain over 8400 levels for Nifty. IT has gained along with Power sector on Thursday.
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