Bajaj Holdings Q3 PAT down -9.52% at Rs1,040.16cr on lower share of profits from subsidiaries

21 Jan 2022 , 08:14 PM

Bajaj Holdings reported -4.74% fall in total revenues for the Dec-21 quarter on consolidated basis at Rs95.57cr. On a sequential basis, the revenues were lower for the quarter by -34.99%.

Bajaj Holdings is the holding company of the overall Bajaj Group and it holds significant stakes in companies like Bajaj Auto and Bajaj Finserv, from where it derives most of its income. The profits look to magnified compared to revenues as the income from profits of subsidiaries is not included in the top line.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -9.52% at Rs1,040.16cr. The lower revenues got translated into lower bottom line as the company got a lower share of profits from its subsidiaries due to profits of units coming under pressure.

PAT margins were lower from 1,146% in Dec-20 to 1,088% in Dec-21 quarter due to lower revenues and profits. Sequential net margins were sharply higher.

Financial highlights for Dec-21 compared yoy and sequentially

	Bajaj Holdings
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 95.57	₹ 100.33	-4.74%	₹ 147.01	-34.99%
Net Profit (Rs cr)	₹ 1,040.16	₹ 1,149.58	-9.52%	₹ 1,131.57	-8.08%
Diluted EPS (Rs)	₹ 93.50	₹ 103.30		₹ 101.70
Net Margins	1088.38%	1145.80%		769.72%