Bajaj Holdings & Investment reports 33% rise in Q1 consolidated net profit

Bajaj Holdings & Investment has reported results for first quarter ended June 30, 2014.

The company’s net profit for the quarter rose by 33.02% at Rs 147.61 crore as compared to Rs 110.96 crore for the quarter ended June 30, 2013. Its total income has increased by 20.80% to Rs 169.30 crore for the quarter under review from Rs 140.15 crore for the corresponding quarter of the previous year.

On the consolidated basis, the group has reported 17.87% rise in its net profit at Rs 522.36 crore for the quarter as compared to Rs 443.18 crore for the same quarter in the previous year. Total income of the group has increased by 23.40% at Rs 174.54 crore for quarter under review as compared to Rs 141.44 crore for the quarter ended June 30, 2013.