BAJAJHLDNG · Financial Services
Bajaj Holdings & Investment Ltd. reported total income of ₹145 cr for January to March 2025, −88.0% on the year and +15.1% on the quarter. Over the last four quarters income comes to ₹684 cr, −58.5% on the four before.
Net profit was ₹1,751 cr, −35.5% on the year and +0.1% on the quarter, with earnings per share of ₹155.04. The tax rate of 2% is in line with its recent average. Profit over the last four quarters totals ₹6,626 cr, −10.0% on the four before.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹225 cr | ₹108 cr | ₹1,212 cr | ₹134 cr | ₹279 cr | ₹126 cr | ₹145 cr | ₹325 cr | ₹397 cr | ₹288 cr | ₹61.0 cr | ₹394 cr |
| YoY | — | — | — | +29% | +24% | +17% | −88% | +143% | +42% | +129% | −58% | +21% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 4% | 1% | 1% | 0% | 3% | 2% | 2% | 5% | 14% | 3% | −12% | 0% |
| Net profit | ₹1,588 cr | ₹1,645 cr | ₹2,716 cr | ₹1,615 cr | ₹1,510 cr | ₹1,750 cr | ₹1,751 cr | ₹3,504 cr | ₹1,690 cr | ₹2,018 cr | ₹2,577 cr | ₹2,708 cr |
| YoY | — | — | — | +14% | −5% | +6% | −36% | +117% | +12% | +15% | +47% | −23% |
| EPS | ₹133.98 | ₹147.76 | ₹244.05 | ₹144.70 | ₹129.06 | ₹157.09 | ₹155.04 | ₹313.27 | ₹140.08 | ₹181.16 | ₹231.37 | ₹243.18 |
| Flags | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 4 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Bajaj Holdings & Investment Ltd. reported total income of ₹145 cr (−88.0% on the year) and net profit of ₹1,751 cr (−35.5% on the year) for January to March 2025.
None of the 2 checks that could run raised a question.
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