Bajaj Auto posts robust Rs326 crore Q2 consolidated profit
16 Oct 2009
Bajaj Holdings and Investments Ltd (BHIL) - erstwhile Bajaj Auto Limited - posted a 208 per cent jump in the consolidated profit to Rs326 crore in Q2 in 2010 from Rs106 crore in the same quarter the previous year.
The company's standalone income increased 93 per cent to Rs308 crore from Rs160 crore during the period.
The company's equity capital is Rs101.18 crore and the face value per share is Rs10.
The quarter ended September 2009 saw the company earn Rs180 crore on sale of investments.
Bajaj Holdings & Investment, a holding company of the Bajaj Auto group, holds 30.69-per cent stake in Bajaj Auto and 34.77-per cent sake in Bajaj FinServ (as on June 2009).
Promoters have pledged more than 16.07 lakh share amounting to 1.59 per cent of the company's equity capital (as on 30June 2009) with total promoters shareholding in the company at 31.16 per cent (as on 30 June 2009).