Bajaj Holdings & Investment Ltd. (NSE: BAJAJHLDNG) is an Indian conglomerate holding company that invests in various industries such as financial services, insurance, and healthcare. It is the parent company of Bajaj Group, which includes Bajaj Auto, Bajaj Finserv, and other subsidiaries. The company’s primary focus is on strategic investments, financial management, and shareholder value creation.
Bajaj Holdings & Investment Limited has announced its financial results for the third quarter and nine months ended December 31, 2022. The consolidated profit after tax for Q3FY23 was Rs 1,286 crore, up 24% from the same period last year, while the standalone profit after tax remained the same at Rs 49 crore. For the nine months ended December 31, 2022, the consolidated profit after tax was Rs 3,498 crore, up 19% from the same period last year, while the standalone profit after tax was Rs 1,666 crore.
The consolidated results showed that Bajaj Auto’s EBITDA was the highest ever recorded in Q3FY23, surpassing the previous quarter’s record. BFS’ profit after tax increased by 42% to a record high of Rs 1,782 crore in Q3FY23, aided by the strong performance of Bajaj Holdings & Investment Limited. Maharashtra Scooters’ profit after tax stood at Rs 3.01 crore in Q3FY23. As a result, BHIL’s consolidated profit after tax increased by 24% to Rs 1,286 crore in Q3FY23.
The company’s total income for the period ended December 31, 2022, was Rs 116.03 crore, down from Rs 201 crore in the previous quarter. The company reported a net profit of Rs 1,285.65 crore for the period ended December 31, 2022, compared to a net profit of Rs 1,242.8 crore for the period ended September 30, 2022. The company reported an EPS of Rs 115.5 for the period ended December 31, 2022, compared to Rs 111.7 for the period ended September 30, 2022