Bajaj Holdings & Investment Q3 PAT slips 10% to Rs 1,040 cr

20 Jan 2022 , 05:08 PM

Consolidated profit before tax (PBT) dropped 9.85% to Rs 1,058.98 crore in Q3 December 2021 over Rs 1,174.79 crore in Q3 December 2021. Share of profits of associates skid 9.84% to Rs 989.18 crore in Q3 FY22 as compared to Rs 1,097.25 crore in Q3 FY21.

Bajaj Autos consolidated profit after tax stood at Rs 1,430 crore in Q3 FY22 over Rs 1,716 crore in Q3 FY21, mainly due to input cost pressures. Bajaj Finservs (BFS) consolidated profit after tax stood at Rs 1,256 crore in Q3 FY22 as against Rs 1,290 crore in Q3 FY21, due to adverse mark to market movement on equity investmentsacross two periods. Adjusted for these movements, BFS consolidated profit after tax increased by 43% to Rs 1,294 crore in Q3 FY22 from Rs 906 crore in Q3 FY21, aided by robust performance of Bajaj Finance. Maharashtra Scooters profit after tax stood at Rs 3.30 crore in Q3 FY22 as compared to Rs 2.64 crore in Q3 FY21.

As against a book value of Rs 1,409 per share, the NAV of the investments was at Rs 13,391 per share as on 31 December 2021.

Shares of Bajaj Holdings & Investment rose 0.27% to end at Rs 5,458.95 on BSE. Bajaj Holdings & Investment (BHIL) is essentially a holding company and investment company focusing on earning income through dividends, interest and gains on investments held.

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