Annual Report 2003-2004 of Bajaj Auto Limited

It is a broadly described annual report of Bajaj Auto Limited in the year of 2003-2004. During the financial year, The Company’s Sales increased by 14 percent, from Rs. 47.44 billion in 2002-03 to Rs. 54.18 billion in 2003-04. Net sales (net of excise duty) increased by the same percentage, from Rs. 41.59 billion in 2002-03 to Rs. 47.55 billion in 2003-04. Total turnover (net of excise duty) increased by 17 percent, from Rs. 44.86 billion in 2002-03 to Rs. 52.70 billion in 2003-04 another highest ever for the company. Operating EBITDA (earnings before interest, taxes, depreciation and amortization) increased from Rs. 8.17 billion to Rs. 8.30 billion in 2003-04. Profit before tax (PBT) rose by 22 percent from Rs. 7.89 billion in 2002-03 to Rs. 9.60 billion in 2003-04. Profit after tax (PAT) increased by 36 percent from Rs. 5.38 billion in 2002-03 to Rs. 7.32 billion in 2003-04.

The board of directors of the company has proposed a dividend of Rs. 25 per equity share (250 percent) for the financial year ended 31^st March 2004, subject to approval by the shareholders of the company at the annual general meeting.

More Annual Report of Bajaj Auto Limited: