Bajaj Finance gains on reporting 32% rise in Q1 consolidated net profit

Bajaj Finance is currently trading at Rs. 7514.50, up by 83.45 points or 1.12% from its previous closing of Rs. 7431.05 on the BSE.

Bajaj Finance1 768x631
Bajaj Finance

The scrip opened at Rs. 7596.95 and has touched a high and low of Rs. 7596.95 and Rs. 7473.00 respectively. So far 9472 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 7999.90 on 05-Jul-2023 and a 52 week low of Rs. 5487.25 on 20-Mar-2023.

Last one week high and low of the scrip stood at Rs. 7733.40 and Rs. 7333.00 respectively. The current market cap of the company is Rs. 455002.41 crore.

The promoters holding in the company stood at 55.87%, while Institutions and Non-Institutions held 32.99% and 11.14% respectively.

Bajaj Finance has reported 25.60% rise in its net profit at Rs 2959.06 crore for the quarter ended June 30, 2023 as compared to Rs 2355.92 crore for the same quarter in the previous year. Total income of the company increased by 30.90% at Rs 10665.69 crore for Q1FY24 as compared Rs 8148.05 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 32.38% rise in net profit at Rs 3436.89 crore for the quarter ended June 30, 2023 as compared to Rs 2596.25 crore for the same quarter in the previous year. Total income of the company increased by 34.62% at Rs 12500.54 crore for Q1FY24 as compared Rs 9285.86 crore for the corresponding quarter previous year.