Bajaj Holdings July-September Profit up 9% on Higher Associate Income, Lower Costs

Bajaj Holdings & Investment Ltd. reported a nearly 9% rise in consolidated net profit for the September quarter, driven by strong growth in the share of profits from its associate companies and lower expenses. The holding company of Bajaj Auto, Bajaj Finserv, and Maharashtra Scooters posted a profit of ₹15.59 billion for the quarter.

A 22% jump in the share of profit from associates to ₹16.17 billion supported the bottom line, while total expenses fell 6% on year to ₹516 million. Revenue from operations grew 42% to ₹3.97 billion during the period.

Sequentially, profit more than halved from ₹34.87 billion in the June quarter, which had included an exceptional gain of ₹15.22 billion.

The company also benefited from a tax write-back of ₹774.9 million after reassessing tax provisions under Section 80M of the Income Tax Act.

Bajaj Auto’s strong performance aided associate income, with the two-wheeler maker’s profit jumping 53% on year to ₹21.22 billion. Bajaj Finserv’s profit grew nearly 8% to ₹22.44 billion, while Maharashtra Scooters’ profit rose to ₹2.67 billion from ₹1.51 billion a year earlier.

“The company is essentially a holding and investment company focussing on earning income through dividends, interest, and gains on investments,” Bajaj Holdings said. The market value of its strategic equity investments in group companies stood at ₹2.18 trillion as of September 30, up from ₹2.09 trillion as of March 31.

For the first half of 2025-26, net profit rose 66% on year to ₹50.46 billion, while consolidated revenue jumped 75% to ₹7.22 billion.