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

Bajaj Holdings & Investment (BHIL) has reported consolidated net profit of ₹ 1,040 crore in Q3 FY22, a 9.51 per cent decline over ₹ 1,150 crore in Q3 FY21, the company said on Thursday.

Bajaj Holdings & Investment (BHIL) has reported consolidated net profit of ₹ 1,040 crore in Q3 FY22, a 9.51 per cent decline over ₹ 1,150 crore in Q3 FY21, the company said on Thursday.

Bajaj Auto (consolidated) profit after tax stood at ₹ 1,430 crore in Q3 FY22 as compared to ₹ 1,716 crore in Q3 FY21, mainly due to input cost pressures.

Bajaj Finserv’s (BFS) consolidated profit after tax stood at ₹ 1,256 crore in Q3 FY22 as compared to ₹ 1,290 crore in Q3 FY21, due to adverse mark to market movement on equity investments across two periods.

Adjusted for these movements, BFS (consolidated) profit after tax increased by 43 per cent to ₹ 1,294 crore in Q3 FY22 as against ₹ 906 crore in Q3 FY21, aided by robust performance of Bajaj Finance.

Maharashtra Scooters’ profit after tax stood at ₹ 3.30 crore in Q3 FY22 as against ₹ 2.64 crore in Q3 FY21.

Consequently, BHIL’s consolidated profit after tax stood at ₹ 1,040 crore in Q3 FY22 as compared to ₹ 1,150 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.

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