On October 27, 2023: Bajaj Holdings and Investment Ltd. BSE, NSE: BAJAJHLDNG) announced its Q2 2023-24 financial results, displaying positivity in its growth with Profit being up from the same quarter of the previous fiscal year. Essentially, a holding company, Bajaj Holdings and Investment Ltd. (BHIL) continues its focus on earning income via dividends.
Additional Read: Q2 Results Dashboard
Key Highlights
As BHIL is essentially a company classified as a holding and investment enterprise, it has strategic stakes in Bajaj Finserv Ltd., Bajaj Auto Ltd., and Maharashtra Scooters Ltd. Here are the key highlights of the Q2 results (Consolidated) of Bajaj Holdings and Investments Ltd.:
- The consolidated Profit After Tax stands at ₹1,491 Cr in Q2 FY23-24, against ₹1,243 crore in Q2 FY22-23, a rise of 20%.
- Bajaj Auto (consolidated) Profit After Tax went up by 18% to ₹2,020 Cr in Q2 FY2023-24. In Q2 FY22-23, this was ₹1,719 Cr. The EBITDA Margin of Bajaj Auto (standalone), was excellent, recorded at 19.8%.
- BFS (consolidated) Profit After tax went up by 24% reaching ₹1,929 Cr in this fiscal second quarter, relative to the same fiscal quarter of the previous year when it was at ₹1,557 Cr. This result was supported by the robust performance of BAGIC and BFL. The profit increase amounts to 27% when adjusted for mark-to-market movement in equity investments over two periods.
- The Profit After Tax of Maharashtra Scooters rose to ₹198 Cr in Q2 FY23-24 relative to ₹190 Cr in Q2 FY22-23.
Therefore, the company’s consolidated Profit After Tax went up by 20% in Q2.
Financial Results
The following table shows the consolidated financial results of Q2, according to key metrics in the result report (figures shown are in ₹ Cr):
| Metrics | Q2 FY2023-24 | Q2 FY2022-23 |
| Total Income | 240.06 | 200.99 |
| Total Expenses | 42.19 | 45.64 |
| Profit Before Tax | 1,588.08 | 1,355.71 |
| Profit After Tax | 1,661.95 | 1,335.91 |
Additional Read: Bajaj Holdings Share Price
About Bajaj Holdings and Investment Ltd.
Bajaj Holdings and Investment Ltd (BHIL) is a relatively nascent company, having been established more than 15 years ago. It was formed as a result of the demerger of Bajaj Auto Ltd. The company is now a holding and investment firm, comprising Bajaj Auto Ltd., Bajaj Finserv Ltd., and Maharashtra Scooters Ltd. The incorporation took place in 2007.
The new company of Bajaj Auto Ltd. now consists of its wind farm business and the new company of Bajaj Finserv handles financial services. All the assets, including the properties, investments, and liabilities, of the other Bajaj companies are now held with Bajaj Holdings and Investments Ltd. After the demerger occurred, BHIL owns more than 30% of stakes in Bajaj Auto Ltd., as well as in Bajaj Finserv Ltd. Consequently, BHIL can leverage growth opportunities simply by being a stakeholder in two Bajaj companies. BHIL is registered as an NBFC or Non-Banking Financial Company and is categorised as a ‘Systemically Important Non-deposit taking NBFC’ as per RBI Regulations.
Source: https://www.bhil.in/investors.html#url-financial-results-press-release
