On a standalone basis, the company's net profit declined 2.46% YoY to Rs 1,432.88 crore in Q4 FY23. Revenue from operations stood at Rs 8,904.72 crore, up 12% YoY, led by the sustained momentum on the domestic business that delivered strong volume-led revenue growth (over 50% YoY). Compared to same time last year, better foreign exchange realization, judicious pricing and a richer product mix all helped offset the drop in overall volumes arising from sluggish exports, said the company.

EBITDA maintained its strong run, growing 26% YoY to Rs 1,718 crore, with margin accretion of more than 220 bps to 19.3%. Sequentially, EBITDA margin improved from 19.1% in Q4 FY22, price realisation and material costs held flat with favourable mix driving the slight uptick, said the company.

In the year ended March 2023, the auto giant's net profit rose 12% to Rs 5,628 crore on 10% increase in total revenue from operations to Rs 36,428 crore. EBITDA grew 25% YoY to Rs 6,551 crore in FY23.

The company's total auto sales fell 12% to 859,728 units in in Q4 FY23 over Q4 FY22. During the said period, domestic sales increased 32% while exports slipped 41%.

The company said that the sustained momentum on the domestic front led to strong double digit revenue growth, which more than made up for the setback on exports arising from sluggish markets, a testament of the well-balanced business model that underpins the resilience.

The board recommended a final dividend of Rs 140 per share for the financial year ended 31 March 2022. The record date for the dividend is set on 30 June 2022. The dividend, if declared by the shareholders will be credited/dispatched on or around 28 July 2023.

Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.

The scrip rose 0.17% to end at Rs 4,343.10 on the BSE.