Bajaj Holdings & Inv Q2 net profit up 5.89% at Rs 1574.00 cr
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The company reported standalone net profit of Rs 1,574.00 crore for the quarter ended September 30, 2022 as compared to Rs 1486.41 crore in the same period last year, registering a year-on-year growth of 5.89 per cent. Net revenue of the company rose moderately by 6.66 per cent at Rs 1,623.64 crore in July-September quarter of this fiscal as against Rs 1,522.27 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 38.80 per cent to Rs 30.19 crore from Rs 21.75 crore in year ago period. Other Income grew by 0.60 per cent at Rs 13.34 crore versus (Sep'21 Rs 13.26 crore). Operating Profit surged by 6.19 per cent to Rs 1,593.45 crore as against Rs 1,500.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.44 per cent in September quarter. Interest declined by 15.19 per cent y-o-y to Rs 0.67 crore, while Taxation increased by 29.41 per cent at Rs 24.16 crore (Sep'21 Rs 18.67 crore).
