Bajaj Finserv moves up on reporting 48% rise in Q1 consolidated net profit
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Bajaj Finserv is currently trading at Rs. 1628.00, up by 2.35 points or 0.14% from its previous closing of Rs. 1625.65 on the BSE.
The scrip opened at Rs. 1643.95 and has touched a high and low of Rs. 1662.00 and Rs. 1626.20 respectively. So far 90124 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. 1216.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1664.90 and Rs. 1618.10 respectively. The current market cap of the company is Rs. 260066.94 crore.
The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 14.46% and 24.75% respectively.
Bajaj Finserv has reported results for first quarter ended June 30, 2023 (Q1FY24).
Bajaj Finserv has reported 73.14% rise in its net profit at Rs 403.51 crore for the quarter under review as compared to Rs 233.05 crore for the same quarter in the previous year. Total income of the company increased by 69.06% at Rs 603.27 crore for Q1FY24 as compared Rs 356.84 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 48.36% rise in net profit at Rs 1,942.63 crore for the quarter ended June 30, 2023 as compared to Rs 1,309.38 crore for the same quarter in the previous year. Total income of the company increased by 46.52% at Rs 23,279.98 crore for Q1FY24 as compared Rs 15,888.38 crore for the corresponding quarter previous year.
