Bajaj Holdings & Investments Ltd. reported a higher net profit for the third-quarter, both on consolidated and stand-alone basis, on increased incomes.
Consolidated Results
The Pune-based company posted a third-quarter consolidated net profit, after share of profit of associates and minority interest, of Rs.452.38 crore, compared with Rs.356.73 crore in the year-ago quarter, registering a 27 percent growth.
For the quarter, its net income increased by 48 percent to Rs.92.31 crore from the Rs.62.40 crore for the same period last year, while other income totaled Rs.0.21 crore, compared with Rs.0.43 in the year-ago quarter.
For the nine months, the company’s consolidated net profit, after share of profit of associates and minority interest, was Rs.1,192.01 crore, up by 14 percent from the Rs.1,050.20 crore in the corresponding period last year. Total income, including other income, rose by ten percent to Rs.256.91 crore from Rs.233.79 crore for the comparable period a year-ago.
Stand-alone Results
Bajaj Holdings third-quarter stand-alone net profit was Rs.69.53 crore, compared with Rs.36.06 crore in the corresponding quarter last year, reflecting an increase of 93 percent
For the quarter, its total income, including other income, surged by 47 percent to Rs.87.44 crore from the Rs.59.48 crore for the same period last year.
For the nine months, the company’s stand-alone net profit was Rs.607.43 crore, up by 16 percent from the Rs.524.61 crore in the corresponding period last year, a 16 percent growth. Total income, including other income, amounted to Rs.664.90 crore, higher by 13 percent than the Rs.588.03 crore for the comparable period a year-ago.
At the BSE, Bajaj Holdings & Investments closed Wednesday’s trading at Rs.998.25, up by 0.79 percent from the previous close.
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by RTT Staff Writer
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