Bajaj Holdings and Investment Ltd (BHIL) on Thursday reported a 54.36 per cent decline in its consolidated net profit to Rs 361 crore for the fourth quarter ended March 31.
The company had posted a net profit of Rs 791 crore for the January-March period of the financial year 2018-19.
Its total revenue from operations for the fourth quarter stood at Rs 110.46 crore as against Rs 83.02 crore, BHIL said in a regulatory filing.
The firm said its fourth-quarter profit was impacted by muted performance of various group firms after the COVID-19 situation.
For the year ended March 31, 2020, the company posted a net profit of Rs 2,992 crore as compared with Rs 3,048 crore in 2018-19.
Its total revenue from operations for 2019-20 stood at Rs 393.38 crore, against Rs 426.7 crore in 2018-19.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app