Bajaj Holdings & Investment surges on reporting 22% rise in Q4 consolidated net profit
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Bajaj Holdings & Investment is currently trading at Rs. 6743.90, up by 94.65 points or 1.42% from its previous closing of Rs. 6649.25 on the BSE.
The scrip opened at Rs. 6650.25 and has touched a high and low of Rs. 6845.85 and Rs. 6606.30 respectively. So far 1709 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7377.60 on 15-Sep-2022 and a 52 week low of Rs. 4299.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 6845.85 and Rs. 6375.00 respectively. The current market cap of the company is Rs. 74788.68 crore.
The promoters holding in the company stood at 51.46%, while Institutions and Non-Institutions held 17.31% and 31.23% respectively.
Bajaj Holdings & Investment has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 2.17% marginal fall in its net profit at Rs 45.13 crore for the quarter under review as compared to Rs 46.13 crore for the same quarter in the previous year. However, total income of the company increased by 1.75% at Rs 96.35 crore for Q4FY23 as compared to Rs 94.69 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 22.38% in its net profit at Rs 1352.75 crore for fourth quarter ended March 31, 2023 as compared to Rs 1105.39 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.70% at Rs 106.09 crore for Q4FY23 as compared to Rs 105.35 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 4.97% rise in its net profit at Rs 1711.58 crore as compared to Rs 1630.52 crore for the previous year. Total income of the company increased by 5.65% at Rs 1937.01 crore for year under review as compared to Rs 1833.16 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 19.60% rise in its net profit at Rs 4850.52 crore as compared to Rs 4055.68 crore for the previous year. Total income of the company increased by 8.39% at Rs 527.35 crore for year under review as compared to Rs 486.51 crore for year ended March 31, 2022.
