One of the India's leading auto makers Bajaj Auto Ltd has reported a drop of 18.6 per cent in its standalone net profit after taxes (PAT) at Rs 621.62 crore for the fourth quarter ended March 31, 2015, weighed down by declines net sales.

“The standalone PAT of the company stood at Rs 763.93 crore during the same period a year ago,” said Bajaj Auto Ltd in a filing to the Bombay Stock Exchange on May 21, 2015.

Further, the standalone total income of the company too decreased by 4.4 per cent at Rs 4,893.61 crore during Q4 2014-15, as compared to Rs 5,117.1 crore during the same period last year.

Its standalone net sales declined 4.12 per cent to Rs 4,623.7 crore in the quarter ended March 2015 as against Rs 4,822.66 crore during the previous quarter ended March 2014.

Unit volume sales during the quarter stood at 7,82,669 units as against 9,35,782, down 16.36 per cent.

On full-year basis, the standalone net profit of the company fell by 13.2 per cent at Rs 2,813.74 crore in the year ended March 2015, against a profit of Rs 3,243.32 crore during the previous year ended March 2014.

However, the total income of the company increased by 6.4 per cent to Rs 22,194.43 crore in the year ended March 2015, as against Rs 20,855.92 crore during the previous year ended March 2014.

The board of directors of the company has recommended a dividend of Rs 50 per share (500 per cent) subject to approval of shareholders, the company said in a statement.

Meanwhile, shares of the company closed at Rs 2,299.75 apiece, up 6.94 per cent, from previous close on BSE.