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Bajaj Finserv rises on reporting 5- fold jump in Q4 consolidated net profit
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Bajaj Finserv is currently trading at Rs. 10754.00, up by 262.35 points or 2.50% from its previous closing of Rs. 10491.65 on the BSE.
The scrip opened at Rs. 10550.00 and has touched a high and low of Rs. 10868.60 and Rs. 10535.05 respectively. So far 16141 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10615.95 on 28-Apr-2021 and a 52 week low of Rs. 3985.60 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 10615.95 and Rs. 9612.85 respectively. The current market cap of the company is Rs. 166961.44 crore.
The promoters holding in the company stood at 60.80%, while Institutions and Non-Institutions held 15.16% and 24.05% respectively.
Bajaj Finserv has reported results for fourth quarter and year ended March 31, 2021. The company has reported a fall of 46.97% in its net profit at Rs 168.70 crore for the quarter under review as compared to Rs 318.15 crore for the same quarter in the previous year. Total income of the company decreased by 24.15% at Rs 267.79 crore for Q4FY21 as compared Rs 353.07 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 5- fold jump in its net profit attributable to owners at Rs 979.06 crore for the quarter under review as compared to Rs 194.43 crore for the same quarter in the previous year. Total income of the company increased by 15.74% at Rs 15387.25 crore for Q4FY21 as compared Rs 13294.25 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 73.19% in its net profit at Rs 178.78 crore as compared to Rs 666.86 crore for the previous year. Total income of the company decreased by 51.91% at Rs 392.03 crore for year under review as compared to Rs 815.16 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 32.69% in its net profit attributable to owners at Rs 4470.46 crore as compared to Rs 3369.13 crore for the previous year. Total income of the company increased by 11.48% at Rs 60591.57 crore for year under review as compared to Rs 54351.47 crore for year ended March 31, 2020.
