Bajaj Auto Q4 Results: ₹5,633 Crore Buyback, ₹150 Dividend And Profit Beat Put Stock In Focus
Bajaj Auto Ltd delivered stronger-than-forecast profit for the March quarter on Wednesday and signed off on its biggest-ever share buyback, putting fresh pressure on investors to weigh the rally in India’s two-wheeler sector. The board cleared a ₹5,633 crore buyback at ₹12,000 per share—a move that involves the company purchasing its own stock from holders. The timing’s notable: Pune-based Bajaj Auto, known for its Pulsar bikes and Chetak scooters, is handing back cash right when homegrown sales, exports, and pricier motorcycles are shouldering a bigger chunk for the sector. Shares edged up ahead of the results, released after the bell.