Moneycontrol
Oct 14, 2016 01:28 PM IST IST | Source: Moneycontrol.com

Bajaj Corp Q2 profit rises 24% on other income; margin flat

Personal care products maker Bajaj Corp's profit grew by 24 percent year-on-year to Rs 58.3 crore in July-September quarter, driven by other income despite slow revenue and operational growth.


Moneycontrol Bureau


Personal care products maker Bajaj Corp's profit grew by 24 percent year-on-year to Rs 58.3 crore in July-September quarter, driven by other income despite slow revenue and operational growth.


Revenue increased 3.5 percent to Rs 196.8 crore during the quarter compared with same period last year while other income jumped 91 percent to Rs 14.9 crore.


EBITDA (earnings before interest, tax, depreciation and amortisation) rose by 3.9 percent on yearly basis to Rs 67.2 crore and margin expanded only by 10 basis points to 34.1 percent in the quarter ended September 2016.


Bajaj Corp reported an exceptional loss of Rs 6.6 crore during the quarter against Rs 11.7 crore in year-ago period.

At 13:25 hours IST, the stock price was quoting at Rs 401.25, up 0.20 percent on the BSE.

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