Bajaj Holdings & Investment Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2015
October 21, 2015 at 06:25 am
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Bajaj Holdings & Investment Limited announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the standalone company reported total revenue was INR 5,770 million compared to INR 6,770 million a year ago. Profit before tax was INR 5,670 million compared to INR 6,710 million a year ago. Net profit was INR 5,460 million or INR 49.10 per basic and diluted share before and after extraordinary items compared to INR 6,450 million or INR 57.9 per basic and diluted share before and after extraordinary items a year ago. Profit from operation before other income, finance cost and exceptional items was INR 5,661.5 million compared with INR 6,400.05 million for the same period a year ago.
For the six months, the standalone company reported total revenue was INR 7,400 million compared to INR 8,460 million a year ago. Profit before tax was INR 7,190 million compared to INR 8,350 million a year ago. Net profit was INR 6,690 million or INR 60.1 per basic and diluted share before and after extraordinary items compared to INR 7,920 million or INR 71.2 per basic and diluted share before and after extraordinary items a year ago. Profit from operation before other income, finance cost and exceptional items was INR 7,164.9 million compared with INR 8,026.7 million for the same period a year ago.
For the quarter, the consolidated company reported net sales of INR 1,100 million compared with INR 1,846.1 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 992.7 million compared with INR 1,775.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,003.5 million compared with INR 2,085.8 million for the same period a year ago. Net profit was INR 5,677.9 million or INR 51.0 per basic and diluted share before and after extraordinary items compared with INR 5,100.4 million or INR 45.8 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the six months, the consolidated company reported net sales of INR 2,733.5 million compared with INR 3,568.9 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 2,504.6 million compared with INR 3,441.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,532.5 million compared with INR 3,774.4 million for the same period a year ago. Net profit was INR 11,809.5 million or INR 106.1 per basic and diluted share before and after extraordinary items compared with INR 10,324.0 million or INR 92.8 per basic and diluted share before and after extraordinary items for the same period a year ago.
Bajaj Holdings & Investment Limited is an India-based holding and investment company. The Company is acting as a primary investment company and focusing on new business opportunities. Its focuses on earning income through dividends, interest and gains on investments held. The Company's other equities portfolio comprises of its investments in listed and unlisted entities. It invests in equities normally with an approximately five-year holding horizon or longer based on its views on growth from public equity markets as well as opportunities in the private equity space. The Company's other equities investment portfolio includes Consumer Discretionary, Consumer Staples, Financials, Industrials, Communication services, Real estate, Materials/energy. The Companyâs equity investments include strategic/group investments, other listed equities, and other unlisted equities/AIFs. Its fixed income portfolio includes Certificate of deposits, Mutual funds, Government securities, Corporate bonds.
Bajaj Holdings & Investment Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2015