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Business News/ Companies / Bajaj Holdings Q2 net up 17.78% at `459.98 cr
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Bajaj Holdings Q2 net up 17.78% at `459.98 cr

Bajaj Holdings' Q2 consolidated net profit rises on the shares of the profit on investment in group firms

Bajaj Holdings said its consolidated profit on investment in associate companies during the September quarter stood at `392.69 cr, up 22.52%, as against `320.49 cr in the same quarter last fiscal. Photo: MintPremium
Bajaj Holdings said its consolidated profit on investment in associate companies during the September quarter stood at `392.69 cr, up 22.52%, as against `320.49 cr in the same quarter last fiscal. Photo: Mint

New Delhi: Bajaj Holdings & Investments Ltd on Wednesday reported 17.78% increase in consolidated net profit at 459.98 crore for the second quarter ended 30 September riding on the shares of the profit on investment in Bajaj group firms.

The investment firm had posted a consolidated net profit of 390.51 crore in the same period a year earlier, Bajaj Holdings said in a filing to the BSE.

Bajaj Holdings said its consolidated profit on investment in associate companies during the quarter under review stood at 392.69 crore as against 320.49 crore in the same quarter last fiscal, up 22.52%.

However, firm’s net sales and income from operation decreased 2.83% to 88.40 crore this quarter as against 90.98 crore of the same period last fiscal.

Bajaj Holdings has strategic stakes of 31.49% in group’s flagship firm Bajaj Auto Ltd, 39.16% on Bajaj Finserve Ltd and 24% in Maharashtra Scooters Ltd.

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Published: 16 Oct 2013, 07:51 PM IST
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