Financial services company Bajaj Holdings & Investment Ltd on Thursday reported a decline of 11.1 per cent in its consolidated net profit after tax (PAT) at Rs 524.98 crore for the fourth quarter ended March 31, 2015, weighed down by sharp decline in other income and rise in its total expenses.

The consolidated PAT of the company stood at Rs 590.66 crore during the same period a year ago, said Bajaj Holdings & Investment in a filing to the Bombay Stock Exchange on May 21, 2015.

The consolidated total income of the company too fell 11.1 per cent at Rs 84.77 crore during Q4 2014-15, as compared to Rs 95.34 crore during the same period last year.

During the quarter, the other income of the company declined to Rs 0.79 crore from Rs 32.13 crore during Q4 FY15 while the total expenditure of the company jumped to Rs 9.22 crore from Rs 8.59 crore during the same period last year.

The company’s board of directors has recommended a dividend of Rs 32.50 per share (325 per cent) subject to approval of shareholders, the company said in a statement.

Meanwhile, shares of the company closed at Rs 1,303.90 apiece, up 0.13 per cent, from previous close on BSE.