Bajaj Holdings & Investment Limited (BHIL) Q4FY18
Financial results – Q4 and FY18
Highest ever annual standalone and consolidated profit !
A meeting of the Board of Directors of Bajaj Holdings & Investment Limited (BHIL) was held today to consider and approve the results for Q4 and FY18.
The Board of Directors recommended a dividend of ` 40 per share – 400% (previous year – 325%). The total amount of dividend and tax thereon amounts to `537 crore (previous year ` 435 crore).
1. Highlights
Q4 FY18 v/s Q4 FY17
* Standalone profit after tax - ` 202 crore v/s ` 130 crore 55%
* Consolidated profit after tax - ` 801 crore v/s ` 563 crore 42%
FY18 v/s FY17
* Standalone profit after tax - ` 1,314 crore v/s ` 538 crore 144%
* Consolidated profit after tax - ` 3,186 crore v/s ` 2,473 crore 29%
2. Standalone results
BHIL, being an investment company, its results largely depend on the performance of stock and money markets.
Sharply rising equity markets provided an opportunity to realise gains on listed equity investments. BHIL was also able to realise gains on its unlisted equity investment in NSE. Profit on sale of equity investments (net) for FY18 was ` 493 crore v/s ` 362 crore in FY17.
BHIL’s dividend income for FY18 was ` 571 crore v/s ` 97 crore in FY17. Previous year (FY17) dividends were significantly lower as many companies declared interim dividends in Q4 FY16.
Consequently, BHIL recorded its highest annual standalone profit of ` 1,314 crore in FY18 v/s ` 538 crore in FY17 – an increase of 144%.
Details of standalone financials are given below:
| ` In Crore | Q4 FY18 | Q4 FY17 | FY18 | FY17 |
| Dividend from BAL, BFS, MSL and BAHL | - | - | 531 | 46 |
| Dividend from other companies | 2 | 8 | 40 | 51 |
| Profit on sale of equity investments (net) | 101 | 44 |
