Bajaj Holdings & Investment Q4FY22 result : Profit up 16% to ₹1,105 Cr YoY | Declares Dividend of ₹25

An interim dividend of ₹90 per equity share (900%) was declared on 17 September 2021 and paid on 11 October 2021. The Board of Directors have recommended a final dividend of ₹25 per equity share (250%), subject to the approval of shareholders.

logo credit- bajaj holdings
article continues after this advertisement

Bajaj Holdings & Investment Ltd (BHIL) (formerly known as Bajaj Auto Ltd) is an India-based company. The company is acting as a primary investment company and focusing on new business opportunities. BHIL holds strategic stakes of 31.54% in Bajaj Auto Ltd. (BAL) 39.29% in Bajaj Finserv Ltd. (BFS) and 24% in Maharashtra Scooters Ltd. (MSL).

BHIL is essentially an investment company. Its focus is on earning income through dividends interest and profits on investments held. It is largely dependent on the equity and debt markets for its income, and the company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹105.35 crore in the quarter ended on March 31, 2022 as against ₹112.41 crore in the corresponding quarter ended last year on Mar 31, 2021, decreased by 6.28%.

The company has posted a consolidated Net Profit of ₹1,105.39 crore in the quarter ended on March 31, 2022 as against ₹948.98 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 16.49%.

The status of the EPS of the company stood at ₹99.3 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹85.3, up by 16.41%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4)
Total Income105.35110.13112.41
Total Expenses41.8540.3343.79
PBT /(Loss)1121.771058.98981.98
Total Tax /(credit)15.6017.2131.62
PAT /(Loss) [to the owners]1,105.391040.16948.98
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹486.51 crore in the financial year ended on March 31, 2022 as against ₹463.07 crore for the financial year ended on Mar 31, 2021, increased by 5.06%.

The company has posted a consolidated Net Profit of ₹4,055.68 crore in the financial year ended on March 31, 2022 as against ₹3,649.83 crore for the financial year ended on March 31, 2021. The PAT surges up by 11.11%.

The status of the EPS of the company stood at ₹364.4 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹327.9, up by 11.13%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income486.51463.07
Total Expenses154.78142.92
PBT /(Loss)4225.903765.74
Total Tax /(credit)100.29111.59
PAT /(Loss)4,055.683,649.83
*figures are in Crores
Market Times

(III) Key Highlights about the Performance :

a final dividend at the rate of ₹5 per share ( re. 5 0 % ) of face value of ₹10 each on equity shares of the Company has been recommended by the Board of Directors today for the financial year ended 31 March 2022

An interim dividend of ₹90 per equity share (900%) was declared on 17 September 2021 and paid on 11 October 2021. The Board of Directors have recommended a final dividend of ₹25 per equity share (250%), subject to the approval of shareholders. (total dividend of 1150% compared to previous year’s 400%). The total amount of dividend is ₹1,280 crore (Previous year ₹445 crore).

Q4 FY22

  • Bajaj Auto (consolidated) profit after tax stood at ₹1,526 crore in Q4 FY22 v/s ₹1,551 crore in Q4 FY21, mainly due to severe supply chain challenges impacting sales .
  • BFS (consolidated) profit after tax increased by 37% ₹1,346 crore in Q4 FY22 v/s ₹979 crore in Q4FY21, aided by robust performance of Bajaj Finance. Adjusted for mark to market movement on equity investments across two periods, it increased by 46% .
  • Maharashtra Scooters Ltd. profit after tax stood at ₹1.57 crore in Q4 FY22 v/s ₹2.81 crore in Q4 FY21 .
  • Consequently, BH IL’s consolidated profit after tax increased by 16% to ₹1,105 crore in Q4 FY22 v/s ₹949 crore in Q4 FY21.

FY22

  • Bajaj Auto (consolidated) profit after tax increased by 27% to ₹6,166 crore in FY22 v/s ₹4,857 crore in FY21.
  • BFS (consolidated) profit after tax stood at ₹4,557 crore in FY22 v/s ₹4,470 crore in FY21. Adjusted for mark to market movement on equity investments across two periods, it increased by 27% .
  • Maharashtra Scooters Ltd. profit after tax stood at ₹142.71 crore in FY22 v/s ₹8.81 crore in FY21, as
  • MSL received significantly higher dividends in FY22.
  • On the back of strong recovery by the group companies, BHJL’s consolidated profit after tax touched an all-time high of’ ₹4,056 crore in FY22 v/s ₹3,650 crore in FY21- an increase of 11%.

The stock Bajaj Holdings & Investment last hit in BSE,

  • Intraday High of ₹ 5565.55
  • Intraday low of ₹ 5392.25