Bajaj Holdings Q1 net dips 72.28% at Rs 15.20 cr

New Delhi, Jul 10 (UNI) Bajaj Holdings and Investment Ltd today said its net profit for the first quarter ended June 2008 dipped 72.28 per cent to Rs 15.20 crore as compared to Rs 54.85 crore for the same period a year ago.

The company said in a statement that its total income decreased 68.95 per cent to Rs 20.42 crore for Q1FY09 whereas it was Rs 65.78 crore in Q1FY08.

The Group's net profit for the quarter ended June 2008 declined 50.70 per cent o Rs 51.37 crore as against Rs 104.20 crore for the quarter ended June 2007.

Its net sales and income from operations for the said period dipped 67.63 per cent to Rs 21.64 crore as against Rs 66.87 crore for the corresponding period last year.

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