Mumbai, May 11 :    Mumbai, May 11:  Bajaj Auto Ltd, the two- and three-wheeler major, has posted a 98 per cent jump in its net profit at Rs 521.1 crore for the financial year ended March 31, compared with Rs 262.6 crore for the fiscal 2000-01. The board of directors has recommended a dividend of Rs 14 per share (140 per cent) aggregating Rs 141.6 crore, BAL president Rajiv Bajaj told newspersons here today. Sales for the period under review grew by 14.4 per cent at Rs 4,221.4 crore against Rs 3,690 crore in the previous fiscal. The 55 per cent growth in the motorcycle segment helped the company to boost sales and record an impressive hike in profits, Bajaj said. The operating margins improved during 2001-02 to 16.8 per cent (as against 9.8 per cent the previous fiscal) with better control over the fixed costs and supply chain management. In the fourth quarter ended March 31, the net profit and sales stood at Rs 148.4 crore (Rs 63.9 crore) and Rs 1,124 crore (Rs 878.1 crore) respectively, he said. The company earned an extra income of Rs 117 crore as premium from its insurance venture with German financial group Allianz. Income from treasury operations showed a decline at Rs 160.2 crore (Rs 263.9 crore). Total sales of two- and three-wheelers grew by 12 per cent at 13,58,980 units as against 12,09,078 units in 2000-01, with the motorcycle segment showing an improved performance at 55 per cent overtaking industry growth of 41 per cent. Meanwhile, inspired by the success of Pulsar, Bajaj Auto has lined up four new products for the current year. A global bike in the range of 125cc to 135 cc, in technical collaboration with Kawasaki Heavy Industries is on the building block. The new bike will have an international launch by the end of the calendar year and will be outsourced by Kawasaki for its overseas markets while Bajaj Auto will sell the bike locally. The other bike is still under a cloak of secrecy. 'We are still working on it' said R.L. Ravichandran, vice-president, marketing. As for the other two new products, Ravichandran said they would be variants in the Boxer and Caliber categories.