Bajaj Finance declines despite reporting 21% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Bajaj Finance is currently trading at Rs. 6706.00, down by 587.90 points or 8.06% from its previous closing of Rs. 7293.90 on the BSE.
The scrip opened at Rs. 7008.60 and has touched a high and low of Rs. 7008.60 and Rs. 6691.40 respectively. So far 206853 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 8190.00 on 06-Oct-2023 and a 52 week low of Rs. 6013.40 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 7417.00 and Rs. 6691.40 respectively. The current market cap of the company is Rs. 415689.59 crore.
The promoters holding in the company stood at 54.69%, while Institutions and Non-Institutions held 34.96% and 10.34% respectively.
Bajaj Finance has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 19.90% rise in its net profit at Rs 3401.91 crore for the quarter under review as compared to Rs 2837.36 crore for the same quarter in the previous year. Total income of the company increased by 31.33% at Rs 12764.43 crore for Q4FY24 as compared Rs 9719.15 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 21.11% rise in its net profit at Rs 3,824.53 crore for fourth quarter ended March 31, 2024 as compared to Rs 3,157.79 crore for the same quarter in the previous year. Total income of the company increased by 31.36% at Rs 14,931.98 crore for Q4FY24 as compared Rs 11,367.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 22.88% rise in its net profit at Rs 12,644.11 crore as compared to Rs 10,289.74 crore for the previous year. Total income of the company increased by 31.54% at Rs 46,945.98 crore for year under review as compared to Rs 35,689.81 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 25.57% rise in its net profit at Rs 14,451.17 crore as compared to Rs 11,507.69 crore for the previous year. Total income of the company increased by 32.75% at Rs 54,982.51 crore for year under review as compared to Rs 41,418.26 crore for year ended March 31, 2023.
