ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Bajaj Auto, Apollo Tyers, Atul

BAJAJ AUTO Danger Signal BAJAJ AUTO, the leader in the twowheeler segment of the automobile industry, fared well in 1998-99. While net sales increased by 11.7 per cent, operating profit improved by 7.9 per cent over the same period. A sharp fall in interest charges (down 45.2 per cent) coupled with a drop in depreciation (lower by 7.6 per cent) helped the company post a 19.5 per cent rise in its bottom line. Though earnings per share rose from Rs 38.8 per share to Rs 46.3 per share, the company did not raise the dividend rate but maintained it at 80 per cent.

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