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Excluding exceptional items related to the Citibank India deal, Axis Bank made a net profit of Rs 6,625 crore in Q4, a growth of 61% YoY.

The Nifty Auto index closed 0.76 per cent up at 13071.8.

The Board of Directors recommended a dividend of Rs 0.80 per share, which is 80% on face value of Rs 1. The total amount of dividend is Rs 127.43 crore.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 257381.27 Crore) operating in Auto sector.

The pay package awarded to Alphabet CEO Sundar Pichai soared to $226 million in 2022, boosted by a stock grant.

Benchmark equity indices were led by heavyweights Reliance, Infosys and Bajaj Finance amid positive global market cues. Bajaj Finance and Bajaj Finserv were the top Sensex gainers, while HUL, Power Grid, Axis Bank, SBI, TCS and Asian Paints closed in the red.

The company has fixed May 10 as the record date for the purpose of ascertaining the eligibility of shareholders for the proposed buyback. The company will announce the process, and timelines for the same in due course.

Total income for the fourth quarter grew 25% to Rs 51.33 crore, while revenue from operations recorded an 18% increase to Rs 45.36 crore. Operating profit for the quarter rose to Rs 4.25 crore from Rs 1.96 crore.

See NPS if I have to put the non-government sector, during the last financial year that 2022-23, we crossed the landmark of 10 lakhs which is the corporate sector.

Sources familiar with the matter said the positive cash flow trajectory is expected to continue into the first quarter of financial year 2024. The company’s cash corpus on the balance sheet is Rs 2700 crore.