Bajaj Holdings Q4FY23 PAT up 22.38% at Rs1,353 crore on higher share of profits from associates

Bajaj Holdings and Investments reported 0.70% higher total revenues for the March 2023 quarter on consolidated basis at Rs106.09cr. The revenues of the holding company of the Bajaj group purely comprises of the dividends and the interest received on its group holdings in other companies like Bajaj Auto and Bajaj Finance.

Being a holding company, the biggest chunk of its income as share of profits of associates worth Rs1,307 crore is outside the top line. This is normally added to the profits to arrive at the profit after tax and hence the net margins may not hold too much of value for such holding companies.

Financial highlights for Mar-23 compared YoY and sequentially

 Bajaj Holdings

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 106.09

₹ 105.35

0.70%

₹ 116.03

-8.57%

Net Profit (Rs cr)

₹ 1,352.75

₹ 1,105.39

22.38%

₹ 1,285.65

5.22%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 121.50

₹ 99.30

 

₹ 115.50

 

Net Margins

1275.10%

1049.25%

 

1108.03%

 

 

The net profits for the quarter are up 22.4% largely due to a surge in the profits from its associate holdings in Bajaj Auto and Bajaj Finance. The company declared a final dividend of Rs13 per share, which including the interim dividend of Rs110 per share, comes to total full year dividend of Rs123 per share. 

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