The company’s share price dropped to a low of Rs 6,855.45 as against Rs 7,240.70 at past close on the BSE.
Buoyed by healthy customer sentiments, Bajaj Finance claimed its greatest ever consolidated web gain at Rs 2,420 crore in the a few months finished March. The determine is 80 for every cent higher in contrast to Rs 1,347 crore posted in the calendar year-in the past interval.
An analyst poll done by ET Now experienced projected net profit at Rs 2,500 crore.
The corporation mentioned it was its greatest at any time consolidated net financial gain. It also noted the greatest ever consolidated profit right after tax of Rs 7,028 crore for the fiscal calendar year finished March 2022.
The company’s net fascination revenue (NII) for the March quarter greater by 30 for every cent to Rs 6,068 crore from Rs 4,659 crore in the calendar year in the past quarter. New loans booked grew by 15 per cent to 6.28 million as versus 5.47 million in the identical quarter past calendar year.
The organization also declared a dividend of Rs 20 for every share. The history date for the payment of dividend is July 1, 2022.
The firm’s assets under administration (AUM) grew by 29 per cent to Rs 1,97,452 crore (which includes IPO financing receivables of Rs 5,365 crore) as of 31 March 2022 from Rs 1,52,947 crore as of 31 March 2021. Main AUM growth in Q4FY22 was Rs 10,837 crore.
Gross NPA (non-undertaking belongings) and net NPA stood at 1.60 per cent and .68 for each cent respectively, as towards 1.79 for every cent and .75 for each cent as of 31 March 2021.
On standalone basis, NII for Q4 FY22 elevated by 32 for each cent to Rs 5,672 crore from Rs 4,287 crore in Q4FY21. Financial gain after tax for the identical time period greater by 95 per cent to Rs 2,268 crore from Rs 1, 161 crore.