Bajaj Holdings & Investment has reported results for the quarter and the year ended March 31, 2011
The company’s net profit for the fourth quarter has decline by 45.83% at Rs 33.07 crore as compared to Rs 61.05 crore for the same quarter last year. Its total income has decreased by 15.78% at Rs 59.40 crore for the quarter under review from Rs 70.53 crore in the corresponding previous quarter.
The company has registered growth of 30.54% in its net profit for the current year at Rs 1000.00 crore as compared to Rs 766.07 crore for the previous year. Its total income has increased by 62.63% at Rs 1076.45 crore for the year from Rs 813.48 crore in previous year.
On consolidated basis, the group’s net profit for the fourth quarter has zoomed 117.53% at Rs 835.79 crore as compared to Rs 384.21 crore for the corresponding quarter previous year. Total income for the quarter has decreased by 14.11% at Rs 61.16 crore as compared to Rs 71.21 crore for the corresponding previous quarter.
For year ended March 31, 2011 on consolidated basis, the group’s net profit for the year has rose 71.13% at Rs 2322.76 crore as compared to Rs 1357.34 crore for the year ended March 31, 2010. Total income for the year has increased by 25.16% at 900.46 crore as compared to Rs 719.42 crore for the previous year.
