Bajaj Finserv gains on reporting 42% rise in Q3 consolidated net profit
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Bajaj Finserv is currently trading at Rs. 1349.65, up by 5.65 points or 0.42% from its previous closing of Rs. 1344.00 on the BSE.
The scrip opened at Rs. 1358.95 and has touched a high and low of Rs. 1358.95 and Rs. 1323.75 respectively. So far 55945 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1846.00 on 13-Sep-2022 and a 52 week low of Rs. 1077.70 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1359.90 and Rs. 1302.35 respectively. The current market cap of the company is Rs. 214607.99 crore.
The promoters holding in the company stood at 60.75%, while Institutions and Non-Institutions held 14.71% and 24.54% respectively.
Bajaj Finserv has reported results for third quarter ended December 31, 2022.
The company has reported fall of 97.07% in its net profit at Rs 4.93 crore for Q3FY23 as compared to Rs 168.50 crore for the corresponding quarter previous year. Total income of the company decreased by 81.65% to Rs 49.84 crore for the quarter under review as compared to Rs 271.63 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 41.90% in its net profit at Rs 1,782.02 crore for Q3FY23 as compared to Rs 1,255.79 crore for the same quarter in the previous year. Total income of the company increased by 23.47% to Rs 21,755.35 crore for the quarter under review as compared to Rs 17,619.64 crore for the same quarter in the previous year.
