Bajaj Holdings net profit declines 54% to Rs 361 crore in March quarter

Bajaj Holdings and Investment Ltd (BHIL) on Thursday reported a 54.36 percent decline in its consolidated net profit to Rs 361 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 791 crore for the January-March period of the financial year 2018-19.

Its total revenue from operations for the fourth quarter stood at Rs 110.46 crore as against Rs 83.02 crore, BHIL said in a regulatory filing.

The firm said its fourth-quarter profit was impacted by muted performance of various group firms after the COVID-19 situation.

For the year ended March 31, 2020, the company posted a net profit of Rs 2,992 crore as compared with Rs 3,048 crore in 2018-19.