Bajaj Holdings & Investments Ltd today reported 17.78 per cent increase in consolidated net profit at Rs 459.98 crore for the second quarter ended September 30, riding on the shares of the profit on investment in Bajaj group firms.
The investment firm had posted a consolidated net profit of Rs 390.51 crore in the same period a year earlier, Bajaj Holdings said in a filing to the BSE.
Bajaj Holdings said its consolidated profit on investment in associate companies during the quarter under review stood at Rs 392.69 crore as against Rs 320.49 crore in the same quarter last fiscal, up 22.52 per cent.
Bajaj Holdings has strategic stakes of 31.49 per cent in group's flagship firm Bajaj Auto Ltd, 39.16 per cent on Bajaj Finserve Ltd and 24 per cent in Maharashtra Scooters Ltd.
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