Bajaj Holdings & Investment Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 10:47 am
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Bajaj Holdings & Investment Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported income from operations of INR 2,742.7 million against INR 733.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,816.9 million against INR 628.4 million a year ago. Profit from ordinary activities before tax was INR 1,826.4 million against INR 637.7 million a year ago. Net profit for the period was INR 1,239.7 million against INR 452.7 million a year ago. Basic and diluted earnings per share before and after extraordinary items (annualized) were INR 11.1 against INR 4.1 a year ago.
For the nine months, on standalone basis, the company reported income from operations of INR 7,016.7 million against INR 8,105.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,052.4 million against INR 7,793.3 million a year ago. Profit from ordinary activities before tax was INR 5,121.3 million against INR 7,829.8 million a year ago. Net profit for the period was INR 4,081.4 million against INR 7,145.8 million a year ago. Basic and diluted earnings per share before and after extraordinary items (annualized) were INR 36.7 against INR 64.2 a year ago.
For the quarter, on consolidated basis, the company reported net sales and income from operations of INR 2,758.4 million against INR 748.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,821.2 million against INR 633.8 million a year ago. Profit from ordinary activities before tax was INR 1,830.8 million against INR 643.0 million a year ago. Net profit from ordinary activities after tax was INR 1,241.8 million against INR 457.5 million a year ago. Net profit after taxes, minority interest and share of profit of associates was INR 6,466.4 million against INR 5,205.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) were INR 58.1 against INR 46.8 a year ago.
For the nine months, on consolidated basis, the company reported net sales and income from operations of INR 6,617.7 million against INR 3,481.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,627.3 million against INR 3,138.4 million a year ago. Profit from ordinary activities before tax was INR 4,696.7 million against INR 3,175.5 million a year ago. Net profit from ordinary activities after tax was INR 3,654.1 million against INR 2,489.5 million a year ago. Net profit after taxes, minority interest and share of profit of associates was INR 19,104.0 million against INR 17,014.6 million a year ago. Basic and diluted earnings per share before and after extraordinary items (not annualized) were INR 171.7 against INR 152.9 a year ago.
Bajaj Holdings & Investment Limited is an India-based holding and investment company. The Company is acting as a primary investment company and focusing on new business opportunities. Its focuses on earning income through dividends, interest and gains on investments held. The Company's other equities portfolio comprises of its investments in listed and unlisted entities. It invests in equities normally with an approximately five-year holding horizon or longer based on its views on growth from public equity markets as well as opportunities in the private equity space. The Company's other equities investment portfolio includes Consumer Discretionary, Consumer Staples, Financials, Industrials, Communication services, Real estate, Materials/energy. The Companyâs equity investments include strategic/group investments, other listed equities, and other unlisted equities/AIFs. Its fixed income portfolio includes Certificate of deposits, Mutual funds, Government securities, Corporate bonds.
Bajaj Holdings & Investment Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016