Bajaj Holdings Q1 net profit up 14.64% at Rs778.56cr on higher share of associate company profits

Bajaj Holdings Ltd reported 5.01% increase in total revenues for the Jun-21 quarter on consolidated basis at Rs110.64cr

Jul 23, 2021 07:07 IST India Infoline News Service

Bajaj Holdings Ltd reported 5.01% increase in total revenues for the Jun-21 quarter on consolidated basis at Rs110.64cr  But the real boost to the top line came from the spurt in share of profits of associate companies since Bajaj Holdings is the holding company for the Bajaj group.

On a sequential basis, revenues were down -1.57% compared to Rs112.41cr revenues in Mar-21 quarter on COVID 2.0 effect.

Net profit for the Jun-21 quarter were up 14.64% at Rs778.56cr on a yoy basis, but on a sequential basis, the PAT was actually down by 17.96% on account of lower share of profits from associate companies over Mar-21 due to COVID 2.0 effect.

Net margins for the Jun-21 quarter stood at 703.69% as compared to 644.58% in the Jun-20 quarter. However, the net profit margins were lower compared to 844.21% NPM in the sequential Mar-21 quarter.


Financial highlights for Jun-21 compared yoy and sequentially


Bajaj Holdings
Rs in Crore Jun-21 Jun-20 YOY Mar-21 QOQ
Total Income (Rs cr) ₹ 110.64 ₹ 105.36 5.01% ₹ 112.41 -1.57%
Net Profit (Rs cr) ₹ 778.56 ₹ 679.13 14.64% ₹ 948.98 -17.96%
Diluted EPS (Rs) ₹ 70.00 ₹ 61.00 ₹ 85.30
Net Margins 703.69% 644.58% 844.21%

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