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( 02 Feb 2018)
Bajaj Holdings & Inv Q3 net profit zooms 116.61% at Rs 268.53 cr

The company reported standalone net profit of Rs 268.53 crore for the quarter ended December 31, 2017 as compared to Rs 123.97 crore in the same period last year, registering a year-on-year growth of 116.61 per cent.

Net revenue of the company rose moderately by 15.26 per cent at Rs 316.11 crore in October-December quarter of this fiscal as against Rs 274.27 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 80.35 per cent to Rs 17.94 crore from Rs 91.28 crore in year ago period.

Other Income grew by 8.42 per cent at Rs 1.03 crore versus (Dec'16 Rs 0.95 crore).

Operating Profit surged by 62.94 per cent to Rs 298.17 crore as against Rs 182.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.37 per cent in December quarter.

Taxation decreased by 49.94 per cent at Rs 29.37 crore (Dec'16 Rs 58.67 crore).