Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs 834 Crore

NDTV News 11 months ago
Bajaj Holdings earns income through dividends, interest and gains on investment held
Bajaj Holdings earns income through dividends, interest and gains on investment held
New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs 834 crore for the September quarter of the current fiscal.

The company's PAT in the corresponding July-September period of 2016-17 was Rs 698 crore.

"Due to all round performance of BHIL (standalone) and underlying companies, BHIL's consolidated profit after tax for Q2 2017-18 increased by 19 per cent to Rs 834 crore against Rs 698 crore in second quarter 2016-17," it said in a regulatory filing.

The company received Rs 618 crore as share of profit after tax of associate companies, up from Rs 543 crore a year ago. Total revenues were at Rs 268 crore, slightly down from Rs 272 crore in year-ago period, the company said. Expenses stood at Rs 16.89 crore, down from Rs 94.43 crore earlier.

BHIL is a holding and investment company and earns income through dividends, interest and gains on investment held. BHIL has a stake of 31.54 per cent and 39.29 per cent in associate companies Bajaj Auto Ltd and Bajaj Finserv Ltd. 

It has a 100% stake in subsidiary firm Bajaj Auto Holding Ltd and a 24 per cent holding in joint venture company Maharashtra Scooters Ltd. Bajaj Holdings stock closed 0.28% lower at Rs 2,877.30 on BSE Tuesday.

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