Bajaj Holdings and Investments Ltd Q2 Results FY2023, Net Profit at Rs. 1242.79 crores

Shreya Anaokar 31st October 2022 - 05:38 pm

On 21st October 2022, Bajaj Holdings and Investments Ltd announced its second quarter results for the period ending 30th September 2022.

Q2FY23 Performance updates:

- The company reported its total income at Rs. 200.99 crores with a growth of 25.3 % YoY.
- Profit before tax was reported at Rs. 1355.71 crores with a growth of 9% YoY.
- The company reported its PAT at Rs. 1242.79 crores with a growth of 9.8% YoY.

Business Highlights:

- Bajaj Auto's revenue and EBITDA were at an all-time high in Q2FY23, despite a challenging operating environment.
- Bajaj Auto's profit after tax stood at Rs. 1,719 crores in Q2FY23 (including its share in results of Pierer Bajaj AG, an associate to the consolidated financial results of BHIL) vis Rs. 2,040 crores in Q2FY22, which includes an exceptionally fair value gain of Rs. 501 crores on KTM AG share swap in Q2FY22.
- BFS (consolidated) profit after tax increased by 39% to an all-time high of Rs. 1,557 crores in Q2FY23 vs Rs. 1,122 crores in Q2FY22 mainly aided by the strong performance of BFL.
- Maharashtra Scooters Ltd.'s profit after tax increased to Rs. 190.03 crores in Q2FY23 vs Rs. 135.70 crores in Q2FY22, mainly on account of higher dividend income.
- Consequently, BHIL's consolidated profit after tax increased to Rs. 1,243 crores in Q2FY23 vs Rs. 1,132 crores in Q2FY22

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Shreya Anaokar

Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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