More Stories

Informist, Thursday, Jan. 30, 2025

--Bajaj Holdings Oct-Dec consol PAT INR 17.48 bln vs INR 16.44 bln year ago

--Bajaj Holdings Oct-Dec consol revenue INR 1.26 bln vs INR 1.08 bln yr ago

--Bajaj Holdings Apr-Dec consol PAT INR 47.95 bln vs INR 45.51 bln year ago

--Bajaj Holdings Apr-Dec consol revenue INR 5.39 bln vs INR 4.37 bln yr ago

NEW DELHI – Bajaj Holdings and Investment Ltd.'s consolidated net profit for the December quarter rose in line with the results of its associate companies. The share of profit of associates of Bajaj Holdings accounted for a lion's share of its bottom line. Bajaj Holdings is the holding company of Bajaj Auto, Bajaj Finserv Ltd., and Maharashtra Scooters Ltd.

The profit attributable to owners of the company rose over 6% on year and nearly 22% sequentially to INR 17.48 billion in Oct-Dec. The holding firm's share in profits of associates in Oct-Dec rose over 5% on year to INR 16.62 billion.

The total income of the company rose over 19% on year to INR 1.58 billion, boosted by a near 30% surge in both interest income and other income.

On Wednesday, shares of Bajaj Holdings fell 1.9% to INR 11,206.05 on the National Stock Exchange. The company declared its Oct-Dec results after market hours.

Bajaj Holdings holds 36.67% stake in Bajaj Auto and 41.53% in Bajaj Finserv, both counted as associate companies, and 51% in subsidiary Maharashtra Scooters.

Bajaj Holdings said in the notes to earnings that it would recognise deferred tax liability worth INR 3.09 billion in the December quarter on its comprehensive income due to higher capital gains tax introduced in the Budget. Total comprehensive income in Oct-Dec went into a negative of over INR 4 billion from a gain of INR 15.45 billion in the same quarter a year ago.

The holding firm also said that the board had approved a proposal to re-categorise the firm into an unregistered core investment company from an investment and credit company, subject to approvals from the Reserve Bank of India and others. "This will involve realignment of the investment portfolio as per RBI's CIC (core investment company) guidelines," the company said.

Bajaj Auto's profit after tax increased 3.3% on year to INR 21.09 billion in the December quarter, while Bajaj Finserv's consolidated net profit grew 3.4% to INR 22.31 billion. Maharashtra Scooters' manufacturing operations are unviable and have closed and the subsidiary remains only as a core investment company, Bajaj Holdings said.  End

Reported by Aaryan Khanna

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.