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
BAJAJ BROKING
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
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.
For Detailed Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Cube Highways Trust IPO Price, Date, Objective, Analysis & How to Apply
02 Dec, 2024 | 1 Min. read
Ganesh Infraworld IPO Review, Objective & Applying Process
02 Dec, 2024 | 1 Min. read
How to Apply for Ganesh Infraworld IPO & Check Allotment Status?
02 Dec, 2024 | 3 Min. read
Commodities Market Today | Oil Prices Dip, Opec Delays Meeting; Gold, Silver Rise
02 Dec, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints Flat To Positive Indian Market Start
02 Dec, 2024 | 4 Min. read
Hero Future Energies to Invest ₹11,000 Crore in Karnataka’s Green Energy
02 Dec, 2024 | 2 Min. read
Biocon Biologics’ YESINTEK Gets US FDA Approval for Autoimmune Diseases
02 Dec, 2024 | 2 Min. read
Greaves Cotton Approves IPO for Electric Mobility Arm GEML
02 Dec, 2024 | 2 Min. read
Jet Fuel ATF Prices Surge 1.45% in Delhi, LPG Rates Also Hiked
02 Dec, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 0.5% To $2,677.50; Silver Jumps 1.7%
02 Dec, 2024 | 2 Min. read
How to Apply for Suraksha Diagnostic IPO & Check Allotment Status?
02 Dec, 2024 | 3 Min. read
Nifty ETFs - Meaning, Objectives, Uses and Components
30 Nov, 2024 | 7 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
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
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading