Bajaj Finance falls despite reporting 80% jump in Q4 consolidated net profit
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Bajaj Finance is currently trading at Rs. 6851.85, down by 388.85 points or 5.37% from its previous closing of Rs. 7240.70 on the BSE.
The scrip opened at Rs. 7100.00 and has touched a high and low of Rs. 7100.00 and Rs. 6840.20 respectively. So far 91959 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8043.50 on 19-Jan-2022 and a 52 week low of Rs. 4747.00 on 27-Apr-2021.
Last one week high and low of the scrip stood at Rs. 7260.00 and Rs. 6840.20 respectively. The current market cap of the company is Rs. 417219.45 crore.
The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 32.63% and 11.51% respectively.
Bajaj Finance has reported results for fourth quarter and year ended March 31, 2022.
The company has reported 95.37% rise in its net profit at Rs 2,267.95 crore for the quarter under review as compared to Rs 1,160.85 crore for the same quarter in the previous year. Total income of the company increased by 26.78% at Rs 7,620.19 crore for Q4FY22 as compared Rs 6,010.34 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 79.67% rise in its net profit at Rs 2,419.51 crore for the quarter under review as compared to Rs 1,346.64 crore for the same quarter in the previous year. Total income of the company increased by 25.90% at Rs 8,630.28 crore for Q4FY22 as compared Rs 6,854.94 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported 60.55% rise in its net profit at Rs 6,350.49 crore as compared to Rs 3,955.51 crore for the previous year. Total income of the company increased by 18.37% at Rs 27,871.48 crore for year under review as compared to Rs 23,546.33 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported 59.02% rise in its net profit at Rs 7,028.23 crore as compared to Rs 4,419.82 crore for the previous year. Total income of the company increased by 18.58% at Rs 31,640.41 crore for year under review as compared to Rs 26,683.05 crore for year ended March 31, 2021.
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