Dividend Shares: A Look at Bajaj Holdings & Investment Limited
Bajaj Holdings & Investment Limited (BHIL), a prominent player in the Bajaj Group, has announced its intention to distribute an interim dividend of ₹65 per share to its shareholders for the financial year 2024-25. This announcement came following a board meeting held on September 12, 2024. The record date set for determining the eligibility of shareholders to receive this dividend is September 25, 2024. Only those shareholders whose names appear in the Register of Members of the Company or as beneficial owners of shares till this date will qualify for the dividend.
Key Details of the Dividend
| Aspect | Details |
|---|---|
| Dividend Amount | ₹65 per share |
| Board Meeting Date | September 12, 2024 |
| Record Date | September 25, 2024 |
| Dispatch Date | On or around October 10, 2024 |
Company Profile: Bajaj Holdings & Investment Limited
BHIL operates as an investment company with a focus on generating income through dividends, interest, and profits from its diverse investments. The company primarily relies on equity and debt markets for its revenue. Notably, BHIL holds significant stakes in key organizations within the Bajaj Group, including a 33.43% stake in Bajaj Auto, a 39.29% stake in Bajaj Finserv, and a 51% stake in Maharashtra Scooters.
Share Performance Insights
The share price of Bajaj Holdings & Investment Limited saw substantial growth, closing at ₹11,125.95 on the BSE on September 20, 2024. During this trading day, it reached a new 52-week high of ₹11,325.60. The company’s market capitalization stands at an impressive ₹1.23 lakh crore, with a face value of ₹10 per share. Over the past three months, BHIL’s share price has surged by approximately 35%, and year-over-year, it has jumped by around 54%. As of June 2024, promoters held a 51.46% stake in the company.
Financial Performance Highlights
Bajaj Holdings has reported notable financial growth, with a consolidated revenue from operations increasing by over 28% year-on-year to ₹133.76 crore for the April-June 2024 quarter, up from ₹104.07 crore the previous year. Furthermore, the consolidated net profit also saw a year-on-year increase of nearly 14%, reaching ₹1,610.46 crore in June 2024 compared to ₹1,415.50 crore in June 2023. Total expenses during this period reached ₹69.76 crore. For the full financial year 2024, BHIL reported a consolidated revenue from operations of ₹1,648.69 crore and a net profit of ₹7,267.21 crore.
Conclusion: An Investment Perspective
The recent interim dividend announcement by Bajaj Holdings & Investment Limited highlights its commitment to providing returns to shareholders. With a solid financial foundation and strategic stakes in major companies within the Bajaj Group, BHIL continues to be an attractive option for investors seeking strong dividend-paying stocks. However, potential investors should always conduct thorough research and consider market risks before making investment decisions.
Disclaimer: The information provided here is solely for educational purposes. Investing in the stock market carries risks, and it is advisable to seek professional advice before making investment decisions. This article does not constitute an endorsement or investment recommendation.
