Bajaj Corp Q4 net rises 5% to Rs 55.41 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

FMCG player Bajaj Corp Ltd today reported a 5.22 per cent rise in standalone net profit at Rs 55.41 crore for the fourth quarter ended on March 31, 2018. It had posted a standalone net profit of Rs 52.66 crore in the January-March quarter of 2016-17.

Its total income during the period under review stood at Rs 222.45 crore as against Rs 206.85 crore in the corresponding quarter a year-ago," Bajaj Corp Ltd said in a BSE filing.

The company said operating revenue and cost for the quarter and year ended March 31, 2017 are not comparable with corresponding quarter and period respectively because of implementation of GST resulting into change in tax structure with effect from July 1, 2017.

For the financial year ended on March 31, 2018, Bajaj Corp's standalone net profit stood at Rs 216.26 crore as against Rs 220.95 crore of 2016-17.

Its total income stood at Rs 855.55 crore during the fiscal as against Rs 831.88 in the financial year 2016-17.

Shares of Bajaj Corp were trading 4.37 percent lower at Rs 470.95 apiece on BSE.