Bajaj Holdings Q4 Net profit doubles at ₹2,716 crore
Upstox
2 min read • Updated: April 26, 2024, 8:23 PM
Summary
The total for Q4FY24 stood at ₹1,221 crore, showcasing a growth of 1051% YoY as compared to the same period. The strategic equity investments in group companies stood at a market value of ₹1,96,629 crore as on 31st March, 2024, which is 62% higher on YoY basis.
PAT Growth
Consolidated profit after tax for Bajaj Holdings stood at ₹2,716 crore for Q4FY24, showcasing a growth of 100.73% YoY from the previous quarter. The consolidated PAT for FY24 stood at ₹7,267 a rise of 50% YoY. The boost in profits is attributed to buyback of equity shares of Bajaj Auto as reported by the company.
As it is a holding company, it has 34% shareholding in Bajaj Auto, 39% shareholding in Bajaj Finserv and 51% shareholdings in Maharashtra Scooters.
Consolidated results Q4FY24
Bajaj Auto PAT increased by 18% to ₹2,011 crore, with an excellent EBITDA margin of 20.1% for the quarter. Bajaj Finserv consolidated PAT increased by 20% to ₹2,119 crore this was added by strong performance of Bajaj Finance. Annual profit after tax of all companies are at an all time high.
Total income breakup:On standalone basis
Out of the total income of ₹3176 crore, 51% is contributed by the dividends which the company received, 36% is contributed by the profit on buyback of equity share and interest on investments contribute 12% to the total income.
Total income breakup: On consolidated basis
The total for Q4FY24 stood at ₹1,221 crore, showcasing a growth of 1051% YoY as compared to the same period. The profit on buyback of equity shares accounts for 91% of the total income for Q4FY24.
The strategic equity investments in group companies stood at a market value of ₹1,96,629 crore as on 31st March, 2024, which is 62% higher on YoY basis. As against a book value of ₹1,692 per share, NAV of the above investments was ₹18,933 per share as on 31 March 2024.
Major group companies consolidated in Bajaj Holdings and Investment
Dividend
The Board of Directors have recommended a final dividend of ₹21 per equity share (210 %). subject to the approval of shareholders. (total dividend of 1310% compared to previous year's 1230%). The total amount of dividend is ₹1.458 crore (Previous year ₹1.369 crore).
The stock closed at ₹8,150 at BSE, which is marginally lower by 0.62% from previous day's close. The stock gave a return of 23% in the past one year.