Bajaj Holdings & Investment (BHIL) has posted over four-fold increase in its consolidated profit after tax (PAT) for the quarter ended December, 31, 2009 at Rs 262 crore compared with Rs 59 crore in the corresponding period last year.
The company's standalone PAT for the quarter stood at Rs 115 crore against Rs 8 crore in the corresponding period last year.
"The equity markets continued to be strong. Riding upon the opportunities available, the company booked profits on some of its investments," said BHIL in a statement today.
During the December quarter, income from investments earned by the company was Rs 131 crore, which in the previous year stood at Rs 13 crore. This includes a profit on sale of investment of Rs 112 crore as compared to a loss of Rs 1 crore in the previous year.