What was the Bajaj Holdings and Investments Net Profit Earned for Q4?
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Net Profit of ₹2716 Crores compared to a net profit of ₹1353 crore in Q4 FY23
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.
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
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:
Additional Read: What is Holding Period?
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 Read: 129 Indian Companies to Release Q4 Results
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 Read: Quarterly Results
Source: 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
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
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Net Profit of ₹2716 Crores compared to a net profit of ₹1353 crore in Q4 FY23
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.
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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