Saturday, May 28 2022 | Time 01:41 Hrs(IST)
image
Business Economy


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

New Delhi, Jan 20 (UNI) 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.
UNI NMJ ACL2157
More News

Reliance introduces power of choice in health insurance with Reliance Health Gain

27 May 2022 | 10:50 PM

Mumbai, May 27 (UNI) Reliance General Insurance Company Ltd (RGICL), one of the country's leading Private General Insurance Companies, on Friday launched the most flexible and customisable health insurance policy - Reliance Health Gain.

see more..

Dr Reddy's Labs announces launch of Pemetrexed for injection in US market

27 May 2022 | 10:40 PM

Hyderabad, May 27 (UNI) Dr. Reddy’s Laboratories Ltd on Friday announced the launch of Pemetrexed for Injection USP in the U.S. Market.

see more..

GOCL net profit jumps to Rs 176 cr in FY22

27 May 2022 | 9:47 PM

Hyderabad, May 27 (UNI) GOCL Corporation Limited, a Hinduja Group Company, on Friday reported an increase in consolidated net profit for the financial year 2021-22 to Rs 176 crore as compared to Rs 79 crores in last year.

see more..

RITES signs MoU with Mizoram Govt for infra works

27 May 2022 | 8:40 PM

New Delhi, May 27 (UNI) RITES Ltd has signed a memorandum of understanding (MoU) with the Planning and Programme Implementation Department, Government of Mizoram.

see more..

Banking staff contributing towards country’s economic growth: Telangana Governor

27 May 2022 | 8:33 PM

Hyderabad, May 27 (UNI) Telangana Governor Dr. Tamilisai Soundararajan on Friday lauded the services of the banking staff in contributing towards the growth of the country’s economy.

see more..
image