Bajaj Holdings & Investments Q4 net profit down 96.95% at Rs 33.75 cr
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The company reported standalone net profit of Rs 33.75 crore for the quarter ended March 31, 2021 as compared to Rs 1106.19 crore in the same period last year, registering a year-on-year decline of 96.95 per cent. Net revenue of the company declined substantially by 93.77 per cent at Rs 80.98 crore in January-March quarter of this fiscal as against Rs 1,299.60 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 20.75 per cent to Rs 26.47 crore from Rs 33.40 crore in year ago period. Other Income grew by 89.55 per cent at Rs 19.96 crore versus (Mar'20 Rs 10.53 crore).
Operating Profit slipped by 95.69 per cent to Rs 54.51 crore as against Rs 1,266.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.91 per cent in March quarter. Interest declined by 80.42 per cent y-o-y to Rs 0.94 crore, while Taxation decreased by 79.81 per cent at Rs 31.83 crore (Mar'20 Rs 157.68 crore).
