Bajaj Holdings & Investment Ltd. (BHIL) has announced robust financial results for the third quarter (Q3 FY25), reporting a consolidated profit after tax (PAT) of ₹1,748 crore, a slight increase from ₹1,644 crore in Q3 FY24. The company’s standalone PAT also rose to ₹84 crore in Q3 FY25, up from ₹66 crore in the same quarter last year.
Key Financial Highlights:
- Consolidated Profit After Tax (PAT): ₹1,748 crore in Q3 FY25, compared to ₹1,644 crore in Q3 FY24, reflecting a growth of 6.3%.
- Standalone PAT: ₹84 crore in Q3 FY25, up from ₹66 crore in Q3 FY24.
- Nine-Month Performance (9M FY25): Consolidated PAT stands at ₹4,795 crore, compared to ₹4,551 crore in 9M FY24. Standalone PAT dropped to ₹1,201 crore from ₹1,692 crore in the same period last year.
- Total Income: For the quarter, BHIL’s total income rose to ₹158 crore, compared to ₹133 crore in Q3 FY24. Total income for the nine months of FY25 was ₹599 crore, up from ₹492 crore in 9M FY24.
Consolidated Business Performance:
- Bajaj Auto Ltd. (BAL): The company’s flagship investment, Bajaj Auto, performed exceptionally well with an impressive EBITDA margin of 20.2% in Q3 FY25. BAL’s consolidated PAT for the quarter increased to ₹2,196 crore, compared to ₹2,033 crore in Q3 FY24.
- Bajaj Finserv Ltd. (BFS): The financial services arm also reported a steady performance, with BFS’s consolidated PAT rising to ₹2,231 crore in Q3 FY25, compared to ₹2,158 crore in Q3 FY24.
- Maharashtra Scooters Ltd. (MSL): MSL reported a small but positive increase in PAT, reaching ₹3 crore in Q3 FY25, compared to ₹1 crore in the same quarter last year.
As a result of these positive contributions, BHIL’s consolidated PAT for the third quarter of FY25 reached ₹1,748 crore, an increase from ₹1,644 crore in Q3 FY24.
Standalone Performance: BHIL remains primarily a holding and investment company, focused on generating income through dividends, interest, and profits from its investments. Standalone results showed a decrease in total income for the quarter, largely due to lower dividends received from corporate investments. However, BHIL’s standalone PAT improved to ₹84 crore in Q3 FY25, compared to ₹66 crore in Q3 FY24.
The company’s standalone investments primarily comprise equity holdings in Bajaj Auto, Bajaj Finserv, and Maharashtra Scooters, along with other financial investments exceeding ₹15,000 crore in market value.
Investment Portfolio Overview: As of 31st December 2024, BHIL’s investment portfolio includes:
- Strategic Equity Investments in group companies like Bajaj Auto, Bajaj Finserv, and Maharashtra Scooters, valued at ₹189,627 crore (market value).
- Other Equity Shares valued at ₹10,132 crore.
- Debt Securities amounting to ₹5,481 crore.
- Investment Properties worth ₹301 crore. The total market value of these investments as of December 2024 stands at ₹205,541 crore, with a book value of ₹13,008 crore.
Total Comprehensive Income: BHIL reported a total comprehensive income of ₹5,189.79 crore for 9M FY25, a notable increase from ₹9,249.65 crore in 9M FY24, due to higher gains from its investments. The company’s total comprehensive income attributable to its shareholders stood at ₹5,594.22 crore for the period, demonstrating the significant value generated by its investments.