Bajaj Holdings & Investment Limited (BHIL), a key company in the Bajaj Group, has declared an interim dividend of ₹65 per share for the financial year 2024-25. This news follows the company’s board meeting held on 12 September 2024. The record date to determine which shareholders will be eligible to receive the dividend has been set as 25 September 2024.
Dividend Details and Dispatch Date
All shareholders who have their names listed in the company’s Register of Members or as beneficial owners with depositories by 25 September 2024 will be eligible for this dividend payout. BHIL has also informed the stock exchanges that the dividend will be dispatched to eligible shareholders on or around 10 October 2024.
About Bajaj Holdings & Investment Limited (BHIL)
BHIL is classified as a non-banking financial company (NBFC) under the Reserve Bank of India’s (RBI) guidelines. Specifically, it is listed as a systematically important non-deposit-taking NBFC. Its core business involves generating income through dividends, interest, and capital gains from investments. The company’s performance is closely tied to its investments in equity and debt markets, making it a major player in the financial ecosystem.
BHIL’s Strategic Holdings in Bajaj Group Companies
Bajaj Holdings holds significant stakes in several key companies within the Bajaj Group, including:
- 33.43% in Bajaj Auto
- 39.29% in Bajaj Finserv
- 51% in Maharashtra Scooters
This investment-focused strategy allows BHIL to generate consistent returns from its holdings in these industry-leading companies.
Stock Performance and Market Overview
On Friday, 20 September 2024, the share price of Bajaj Holdings & Investment Limited closed at ₹11,125.95 on the BSE. The stock hit a 52-week high of ₹11,325.60 during the day, reflecting strong investor interest. The company’s current market capitalization stands at an impressive ₹1.23 lakh crore. Over the past three months, the stock price has surged by 35%, and over the last year, it has gained 54%. The face value of the share is ₹10.
As of June 2024, promoters held a 51.46% stake in the company, showcasing the strong control and confidence of its key stakeholders.
Strong Financial Performance in 2024
In the April-June 2024 quarter, BHIL saw a significant rise in both revenue and profits. The company reported a 28% year-on-year growth in its consolidated revenue from operations, reaching ₹133.76 crore compared to ₹104.07 crore during the same period last year. Moreover, BHIL’s consolidated net profit jumped by 14% to ₹1,610.46 crore, up from ₹1,415.50 crore in the June 2023 quarter.
For the full financial year of 2024, BHIL posted consolidated revenue from operations of ₹1,648.69 crore and a net profit of ₹7,267.21 crore. This robust financial performance has further strengthened investor confidence in the company’s long-term growth prospects.
