Bajaj Holdings Q4 results: Bajaj Holdings and Investment Limited on Friday released their January to March quarter results and reported over 100% year-on-year (YoY) growth in their consolidated net profit from ₹1,353 crore in Q4FY23 to ₹2,716 crore during the period under review. The term 'consolidated' here refers to the combined financial results of the company and its subsidiaries. The company's total income registered exponential growth of 1052% from ₹106 crore in the previous fiscal year to ₹1,221.6 crore during Q4FY24.
Sequentially, the company reported a 65% increase in its quarterly earnings from ₹1,644.4 crore during Q3FY24. The company's income showed an 825% jump from ₹132 crore reported during the previous quarter in fiscal year 2024.
The Board of Directors of Bajaj Holdings and Investment Limited have recommended a final dividend of ₹21 per share. This dividend, if approved by the shareholders in the upcoming Annual General Meeting, will be a significant return on investment for our shareholders, reflecting the company's strong financial performance and commitment to shareholder value.
“Kindly further note that a final dividend at the rate of ₹21 per share (210%) of the face value of Rs. 10 each on equity shares of the CompaCompanybeen recommended by the Board of Directors today for the financial year ended 31 March 2024. The said dividend, if declared by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or before 29 July 2024,” Bajaj Holdings and Investment Limited said.
Bajaj Holdings Q4 results: Consolidated results
The compaCompany mentioned the consolidated results of its other subsidiaries.
“Bajaj Auto (consolidated) profit after tax increased by 18% to f 2,011 crore in Q4 FY24 v/s 1.705 crore in Q4 FY23. Bajaj Auto (standalone) registered an excellent EBITDA margin of 20.1% in 04 FY24. Bajaj Financial Services profit after tax increased by 20% to f 2,119 crore in Q4 FY2 s~1 9crore in Q4 FY23, aided by strong performance of BFL. Adjust ed for mark to market movement on equity investments across two periods, profit increased by 17%,” the compaCompany in a release.
“Maharashtra Scooters Ltd. profit after tax stood at ~ 0.10 crore in 04 FY24 v/ s ~ 0.82 crore in 04 FY23. BHIL's consolidated profit after tax increased to~ 2,716 crore in 04 FY24 v/s ~ 1.353 crore in 04 FY23,” the compaCompanyd.
The shares of Bajaj Holding closed 0.58% down on Friday at ₹8,152.9 apiece.
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First Published:
26 Apr 2024, 06:37 PM IST
Business NewsCompaniesCompany ResultsBajaj Holdings Q4 results: Net profit doubles to ₹2716.1 crore, dividend declared
