Bajaj Holdings and Investments Q4 Results: Consolidated net profit of ₹2716 crore

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Synopsis:

Bajaj Holdings and Investments’s growth trajectory has truly been going up in Q4FY24. With a total income of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23, marking significant progress in FY24. With consolidated profit after tax at ₹7267 crore v/s ₹4851 crore in FY23, Bajaj Holdings and Investments has seen thriving growth in this quarter. 

Introduction

Bajaj Holdings & Investments is essentially a holding and investment company focussing on earning income through dividends, interest and gains on investments held. It has now been fifteen years since Bajaj Holdings & Investment. came into existence. This happened after the demerger of the erstwhile Bajaj Auto Ltd. into three entities namely Bajaj Auto Ltd., Bajaj Finserv Ltd. and the erstwhile Bajaj Auto Ltd now renamed as Bajaj Holdings & Investment. This change came into effect on 1 April 2007. This is why Bajaj Holdings and Investments’ business activity falls within a single business segment i.e. investments. Bajaj Holdings and Investments has been registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) since 29 October 2009. 

Explore: Bajaj Holdings & Invs Ltd Share Price

5 Key Financial Highlights

Bajaj Holdings and Investments’s Q4 FY2023-24 results have provided insight into the steady growth of the company. Here are the five key financial highlights of Bajaj Holdings and Investments’s Q4 results:

  • Net Profit of ₹2716 Crores compared to a net profit of ₹1353 crore in Q4 FY23 
  • Total income growth of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23 
  • Consolidated profit after tax at ₹7267 crore v/s ₹4851 crore in FY23
  • Standalone profit after tax Rs 1,204 crore v/s Rs 45 crore in Q4FY23
  • A dividend of ₹21 per equity share (210%), has been decided by the board of directors, subject to the approval of shareholders  

Additional Read: What is Holding Period?

Key Business Updates:

  • Bajaj Holdings & Investments and its subsidiary, MSL, tendered equity shares in buyback by Bajaj Auto.
  • Profit on buyback of equity shares of Bajaj Auto boosted standalone and consolidated profit after tax of the Company for Q4 and FY24 

Profitability Analysis:

Bajaj Holdings and Investments has seen a great growth trajectory in this Q4. With a total income growth of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23. With consolidated profit after tax at ₹7267 crore v/s ₹4851 crore in FY23, Bajaj Holdings and Investments has seen thriving growth in this quarter. It also has stakes in Bajaj Auto Ltd., Bajaj Finserv Ltd. and Maharashtra Scooters Ltd., which it consolidates and other group companies. 

Additional Read129 Indian Companies to Release Q4 Results 

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Bajaj Holdings and Investments (in ₹ Crore)

Metrics

Q4FY24

Q4FY23

FY24

FY23

Revenue from operations

1211.84

86.69

1648.69

464.09

Profit Before Tax

2731.09

1367.64

7492.51

5011.51

Profit for the period

2716.12

1352.75

7267.21

4850.52

Total Comprehensive income

3177.92

190.46

10,921.09

3413.91

Standalone Profit

Total Income

1258.23

96.35

3175.69

1937.01

Profit before tax

1219.08

59.08

3020.82

1778.85

Profit after tax

1204.37

45.13

2896.46

1711.58

Additional ReadQuarterly Results

Source: Bajaj Holdings and Investments

The Future of Bajaj Holdings and Investments

With fifteen years under its belt, Bajaj Holdings & Investments has indeed come a long way. Being a holding and investment company focussing on earning income through dividends, interest and gains on investments held, BHIL has seen tremendous growth in Q4FY24 as well as in FY24. The company has seen a total income growth of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23, the company has achieved a lot in FY24. Apart from this, it also has stakes in Bajaj Auto Ltd., Bajaj Finserv Ltd., Maharashtra Scooters Ltd. and other group companies. Seeing that all these companies combined have an annual profit after tax at an all-time high, the future of the BHIL can be promising.

Additional Read: Annual Results

Conclusion

Since its existence came into effect on 1 April 2007, Bajaj Holdings and Investments has proven to be a company that has achieved growth and helped its stakeholders as well. This quarter has not been an exception either. With a total income growth of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23. These are just a few of the profitable figures that the company has recorded.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

Source: Bajaj Holdings and Investments

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What was the Bajaj Holdings and Investments Net Profit Earned for Q4?

Answer Field

Net Profit of ₹2716 Crores compared to a net profit of ₹1353 crore in Q4 FY23

What is the future outlook for Bajaj Holdings and Investments after the release of the Q4 results?

Answer Field

The future of the BHIL does seem to be getting brighter with each passing year. The company has seen a total income growth of ₹1222 crore in Q4 FY24 as compared with ₹106 crore in Q4 FY23, the company has achieved a lot in FY24. The companies that BHIL has invested in have also seen profitable returns, making Bajaj Holdings and Investments an overall profitable company.

What are some of the main business updates for Bajaj Holdings and Investments?

Answer Field

With Bajaj Holdings and Investments seeing significant growth in their profits and overall income, they have also seen a few business investments. Here are some of them:

  • Bajaj Holdings & Investments and its subsidiary, MSL, tendered equity shares in buyback by Bajaj Auto.

  • Profit on buyback of equity shares of Bajaj Auto boosted standalone and consolidated profit after tax of the Company for Q4 and FY24

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