Bajaj Holdings & Investment (500490) Q3 24/25 earnings summary

Executive summary

• Consolidated profit after tax for the quarter ended December 31, 2024, was ₹1,748.36 crore, with total comprehensive income at ₹268.99 crore; for the nine months, profit after tax was ₹4,795.18 crore and total comprehensive income was ₹5,594.22 crore.

• Standalone profit after tax for the quarter was ₹83.99 crore and for the nine months was ₹1,201.11 crore.

• The Board approved re-categorisation to an Unregistered Core Investment Company (CIC), subject to regulatory approvals, requiring realignment of the investment portfolio.

Financial highlights

• Consolidated revenue from operations for the quarter was ₹126.33 crore and for nine months ₹539.16 crore; standalone revenue from operations for the quarter was ₹120.04 crore and for nine months ₹1,374.75 crore.

• Consolidated profit before tax for the quarter was ₹1,781.02 crore and for nine months ₹4,958.48 crore; standalone profit before tax for the quarter was ₹113.95 crore and for nine months ₹1,293.95 crore.

• Basic and diluted consolidated EPS for the quarter was ₹157.1 and for nine months ₹430.9; standalone EPS for the quarter was ₹7.5 and for nine months ₹107.9.

• Other comprehensive income for the quarter was negative, with consolidated OCI at -₹2,180.54 crore, mainly due to fair value changes and tax impacts.

Outlook and guidance

• The Board’s approval to re-categorise as a CIC is expected to impact the investment portfolio and regulatory compliance going forward.

• Manufacturing operations of Maharashtra Scooters Ltd., a subsidiary, have been discontinued due to unviability, and it will continue as an unregistered CIC.