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21-Jul2017

Bajaj Holdings jumps on reporting 12% rise in Q1 consolidated net profit

Bajaj Holdings & Investment is currently trading at Rs. 2360.10, up by 112.95 points or 5.03% from its previous closing of Rs. 2247.15 on the BSE.

The scrip opened at Rs. 2252.00 and has touched a high and low of Rs. 2428.00 and Rs. 2252.00 respectively. So far 6286 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2428.00 on 21-July-2017 and a 52 week low of Rs. 1670.00 on 21-Jul-2016.

Last one week high and low of the scrip stood at Rs. 2428.00 and Rs. 2,210.00 respectively. The current market cap of the company is Rs. 26515.68 crore.

The promoters holding in the company stood at 43.74%, while Institutions and Non-Institutions held 21.45% and 34.80% respectively.

Bajaj Holdings & Investment has reported results for first quarter ended June 30, 2017.

The company has reported 29.43% rise in its net profit at Rs 110.96 crore for the quarter under review as compared to Rs 85.73 crore for the same quarter in the previous year. The total income of the company increased by 29.25% at Rs 153.49 crore for Q1FY18 as compared Rs 118.75 crore for the corresponding quarter previous year.

On consolidate basis, the company has reported 12.36% rise in its net profit after share of profit of associates at Rs 635.76 crore for the quarter ended June 30, 2017 as compared to Rs 565.84 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 29.17% at Rs 154.90 crore for quarter under review as compared to Rs 119.92 crore for the same quarter in the previous year.


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