Pune-based automobile company Bajaj Auto Ltd officially informed the stock exchange about its second share buyback in two years on Wednesday, adding that it will buy back shares worth Rs 5,633 crore.
According to the exchange filing, the price is set at Rs 1,200 per share. The automobile company will buy 46.9 lakh shares representing 1.68% of the total number of equity shares.
The company’s previous buyback was in February 2024 with the buyback price at Rs 10,000 per share. Bajaj Auto bought 1.41% equity for Rs 4,000 crore. In June 2022, the company bought back shares amounting to Rs 2,500 crore. The company bought 1.88% equity in this buyback at a price of Rs 4,600 per share.
According to the company’s exchange filing, Bajaj Auto’s net profit surged 34% at Rs 2,746.13 crore in the fourth quarter of the previous fiscal, as compared to its profit of Rs 2,049.31 crore in the same quarter of fiscal 2025.
The company’s standalone revenue increased by 31.8% year-on-year (YoY) for the three months ended March, reaching Rs 16,005.65 crore compared to Rs 12,147.97 crore. Operating income, or earnings before interest and taxes rose 36% to Rs 3,322.68 crore from Rs 2,450.59 crore. Margins expanded to 20.8% from 20.2% in the fourth quarter of fiscal 2025.
The company also announced a dividend of Rs 150 per equity share for fiscal 2026.
The record date for ascertaining entitlement of final dividend for fiscal 2026 has been set as May 29.
According to the exchange filing, the final dividend is subject to approval by the company’s Members at the ensuing annual general meeting. The dividend will be paid or dispatched on or around July 24.