Bajaj Holdings Q2 net up 17.78% at Rs 459.98 cr
Oct 16 2013 , New Delhi
The investment firm had posted a consolidated net profit of Rs 390.51 crore in the same period a year earlier, Bajaj Holdings said in a filing to the BSE.
Bajaj Holdings said its consolidated profit on investment in associate companies during the quarter under review stood at Rs 392.69 crore as against Rs 320.49 crore in the same quarter last fiscal, up 22.52 per cent.
However, firm's net sales and income from operation decreased 2.83 per cent to Rs 88.40 crore this quarter as against Rs 90.98 crore of the same period last fiscal.
Bajaj Holdings has strategic stakes of 31.49 per cent in group's flagship firm Bajaj Auto Ltd, 39.16 per cent on Bajaj Finserve Ltd and 24 per cent in Maharashtra Scooters Ltd.