Bajaj Finance moves up on reporting 42% rise in Q4 consolidated net profit
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Bajaj Finance is currently trading at Rs. 5032.25, up by 158.80 points or 3.26% from its previous closing of Rs. 4873.45 on the BSE.
The scrip opened at Rs. 4938.00 and has touched a high and low of Rs. 5052.00 and Rs. 4920.00 respectively. So far 133078 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5921.75 on 24-Feb-2021 and a 52 week low of Rs. 1783.10 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 5052.00 and Rs. 4505.00 respectively. The current market cap of the company is Rs. 301359.95 crore.
The promoters holding in the company stood at 56.12%, while Institutions and Non-Institutions held 33.14% and 10.57% respectively.
Bajaj Finance has reported a rise of 30.20% in its net profit at Rs 1,160.85 crore for fourth quarter ended March 31, 2021 as compared to Rs 891.57 crore for the same quarter in the previous year. However, total income of the company decreased by 7.75% at Rs 6,010.34 crore for Q4FY21 as compared Rs 6,515.16 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 42.04% in its net profit at Rs 1,346.64 crore for fourth quarter ended March 31, 2021 as compared to Rs 948.10 crore for the same quarter in the previous year. However, total income of the company decreased by 5.20% at Rs 6,854.94 crore for Q4FY21 as compared Rs 7,230.84 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 18.96% in its net profit at Rs 3,955.51 crore as compared to Rs 4,881.12 crore for the previous year. Total income of the company decreased by 1.21% at Rs 23,546.33 crore for year under review as compared to Rs 23,834.15 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 16.03% in its net profit at Rs 4,419.82 crore as compared to Rs 5,263.75 crore for the previous year. However, total income of the company increased by 1.13% at Rs 26,683.05 crore for year under review as compared to Rs 26,385.64 crore for year ended March 31, 2020.
