Bajaj Finance climbs on reporting 85% rise in Q3 consolidated net profit
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Bajaj Finance is currently trading at Rs. 7930.00, up by 182.85 points or 2.36% from its previous closing of Rs. 7747.15 on the BSE.
The scrip opened at Rs. 7900.00 and has touched a high and low of Rs. 8043.50 and Rs. 7803.20 respectively. So far 87350 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8,043.50 on 19-Oct-2021 and a 52 week low of Rs. 4361.60 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 8043.50 and Rs. 7720.00 respectively. The current market cap of the company is Rs. 481122.03 crore.
The promoters holding in the company stood at 56.03%, while Institutions and Non-Institutions held 33.37% and 10.59% respectively.
Bajaj Finance has reported a rise of 84.43% in its net profit at Rs 1,933.85 crore for the quarter ended December 31, 2021 as compared to Rs 1,048.58 crore for the same quarter in the previous year. Total income of the company increased by 28.69% at Rs 7,525.55 crore for Q3FY22 as compared Rs 5,847.67 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 85.46% in its net profit at Rs 2,125.29 crore for the quarter under review as compared to Rs 1,145.98 crore for the same quarter in the previous year. Total income of the company increased by 28.19% at Rs 8,535.06 crore for Q3FY22 as compared Rs 6,658.34 crore for the corresponding quarter previous year.
