NEW DELHI: Even with publishing a stellar set of quantities in the previous quarter, Bajaj Finance lose 5.3 for each cent in early trade Wednesday as a substantial selloff in international fairness marketplaces spilled over to domestic stocks.

The company’s share cost dropped to a minimal of Rs 6,855.45 as towards Rs 7,240.70 at prior close on the BSE.

Buoyed by healthier purchaser sentiments, Bajaj Finance noted its optimum at any time consolidated internet gain at Rs 2,420 crore in the a few months finished March. The determine is 80 per cent greater in contrast to Rs 1,347 crore posted in the year-in the past period of time.

An analyst poll executed by ET Now had projected internet revenue at Rs 2,500 crore.

The firm reported it was its optimum at any time consolidated net profit. It also documented the highest ever consolidated financial gain just after tax of Rs 7,028 crore for the fiscal 12 months finished March 2022.

The company’s internet interest revenue (NII) for the March quarter enhanced by 30 for each cent to Rs 6,068 crore from Rs 4,659 crore in the 12 months ago quarter. New financial loans booked grew by 15 for every cent to 6.28 million as from 5.47 million in the exact quarter final calendar year.

The corporation also introduced a dividend of Rs 20 per share. The document day for the payment of dividend is July 1, 2022.

The firm’s property under management (AUM) grew by 29 per cent to Rs 1,97,452 crore (which include IPO funding receivables of Rs 5,365 crore) as of 31 March 2022 from Rs 1,52,947 crore as of 31 March 2021. Main AUM progress in Q4FY22 was Rs 10,837 crore.

Gross NPA (non-carrying out assets) and net NPA stood at 1.60 per cent and .68 for every cent respectively, as in opposition to 1.79 per cent and .75 per cent as of 31 March 2021.

On standalone basis, NII for Q4 FY22 elevated by 32 for every cent to Rs 5,672 crore from Rs 4,287 crore in Q4FY21. Financial gain just after tax for the identical period greater by 95 per cent to Rs 2,268 crore from Rs 1, 161 crore.



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