Bajaj Holdings & Investment (500490) Q4 23/24 earnings summary

Executive summary

• FY2024 consolidated profit reached a record ₹7,267.21 crore vs ₹4,850.52 crore, supported by strong associate performance, particularly Bajaj Auto and Bajaj Finserv.

• Standalone profit rose to ₹2,896.46 crore from ₹1,711.58 crore; the increase included ₹1,153.47 crore profit on Bajaj Auto’s share buyback.

• The investment portfolio’s market value was ₹210,707 crore at 31 March 2024, against a cost of ₹12,559 crore.

Financial highlights

• Standalone total income was ₹3,175.69 crore vs ₹1,937.01 crore; PBT ₹3,020.82 crore vs ₹1,778.85 crore; PAT ₹2,896.46 crore vs ₹1,711.58 crore.

• Consolidated total income was ₹1,713.46 crore vs ₹527.35 crore; share of associate profits ₹5,955.30 crore vs ₹4,667.01 crore; PAT ₹7,267.21 crore vs ₹4,850.52 crore.

• Standalone buyback profit was ₹1,153.47 crore; excluding this non-recurring gain, reported income and profit were materially higher than the prior year’s levels.

• Standalone OCI included ₹1,864.04 crore net fair-value gain on equity instruments vs ₹135.89 crore; total comprehensive income was ₹4,538.60 crore vs ₹1,779.87 crore.

Outlook and guidance

• Plans to gradually increase equity allocation toward the Investment Policy limit, subject to views on market valuations; the long-term investment horizon is typically five years or more.

• FY2025 outlook anticipates continued Indian growth and emerging opportunities, while identifying careful planning and risk mitigation as important to sustaining growth and shareholder value.