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Bajaj Finance Share Worth
Shares of Bajaj Finance on Friday tanked practically 8 per cent after the corporate’s March quarter earnings didn’t cheer traders
Shares of Bajaj Finance on Friday tanked practically 8 per cent after the corporate’s March quarter earnings didn’t cheer traders. The inventory declined 7.64 per cent to Rs 6,736.15 on the BSE.
On the NSE, it tumbled 7.60 per cent to Rs 6,740. Bajaj Finance on Thursday reported a 21 per cent rise in consolidated internet revenue to Rs 3,825 crore for the March quarter.
The non-banking finance firm (NBFC) had registered a internet revenue of Rs 3,158 crore in the identical interval a 12 months in the past. Whole revenue on a consolidated foundation throughout the January-March interval of 2023-24 rose to Rs 14,932 crore as towards Rs 11,368 crore within the year-ago interval, Bajaj Finance stated in a regulatory submitting.
Internet curiosity revenue elevated 28 per cent throughout the fourth quarter of the earlier fiscal 12 months to Rs 8,013 crore from Rs 6,254 crore a 12 months in the past. On the similar time, complete bills elevated to Rs 9,830 crore from Rs 7,108 crore final 12 months, as per the submitting.
Bajaj Finance consolidated outcome includes Bajaj Housinq Finance Ltd, Bajaj Monetary Securities Ltd, Snapwork Applied sciences Pvt Ltd, and Pennant Applied sciences Pvt Ltd. The corporate stated its gross Non-performing Belongings (NPAs) and internet NPAs as of March 2024 stood at 0.85 per cent and 0.37 per cent, respectively.
