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Bajaj Holdings net profit declines 54 pc to Rs 361 cr in Mar quarter

Business Finance

Press Trust of India  |  New Delhi 

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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 21 2020. 20:07 IST