Bajaj Holdings Q1 net up 12 pc at Rs 636 cr

Bajaj Holdings & Investment Ltd (BHIL) has reported a rise of 12 per cent in its consolidated net profit to Rs 636 crore for first quarter of the current fiscal.
Net profit in corresponding period of the previous fiscal stood at Rs 566 crore.
BHIL held a 31.54 per cent stake in Bajaj Auto Ltd (BAL), 39.29 per cent in Bajaj Finserv (BFS) and 24 per cent in Maharashtra Scooters Ltd (MSL) as on June 30, 2017.
Further, it holds 100 per cent stake in subsidiary Bajaj Auto.
The consolidated profit of the company has a break up of Rs 111.22 crore as profit after tax and Rs 524.54 crore as share of profit from associate companies.

Total revenues for April-June of 2017-18 stood at Rs 154 crore, up from Rs 118 crore in the similar period a year ago.

As a holding company, it earns income through dividends, interest and gains on investments held.
"Company's business activity falls within a single business segment of investment. It is largely dependent on the equity and debt markets for income," Bajaj Holdings said.
Bajaj Holdings' stock closed 1.28 per cent up at Rs 2,247.15 apiece on BSE.