Bajaj Holdings & Investment Limited (BHIL) Q4FY18

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