Bajaj Holdings and Investment Ltd (BHIL) today reported 11.2 per cent fall in net profit at Rs 52.26 crore for the first quarter ended June 30,2012. Its profit was was Rs 58.82 crore during the corresponding quarter a year ago. The income of the company fell to Rs 70.85 crore during the reporting quarter from Rs 77.20 crore in April-June,2011,the company said in a BSE filing. The income from other sources fell to Rs 18 lakh against Rs 53 lakh year ago. BHIL is a holding and investment company with focus on earning income through dividends,interest and gains on investments held.
