Annual Report 2002-2003 of Bajaj Auto Limited

It is a broadly described annual report of Bajaj Auto Limited in the year of 2002-2003. During the financial year, The Company’s Sales grew by 15 percent from Rs. 41.26 billion in 2001-02 to Rs. 47.44 billion in 2002-03. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 32 percent from Rs. 6.21 billion in 2001-02 to Rs. 8.17 billion in 2002-03. Total turnover for 2002-03 increased from Rs.44.03 billion to Rs.50.71 billion. EBITDA on operations increased from 16.8 percent on net sales in 2001-02 to 19 percent in 2002-03. And profit before tax and extraordinary items improved 34 percent from Rs. 5,878 million in 2001-02 to Rs. 7,886 million in 2002-03. Profit after taxation for the year Rs. 5,384 million.

The board of directors of the company has proposed a dividend of Rs. 14 per equity share (140 percent) for the financial year ended 31^st March 2003, subject to approval by the shareholders of the company at the annual general meeting.

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