Bajaj Finance shines on reporting 40% rise in Q3 consolidated net profit

Bajaj Finance is currently trading at Rs. 5949.00, up by 193.00 points or 3.35% from its previous closing of Rs. 5756.00 on the BSE.

bajaj finance gains on reporting 63 rise in q2 consolidated net profit
Bajaj Finance

The scrip opened at Rs. 5790.00 and has touched a high and low of Rs. 5997.50 and Rs. 5773.00 respectively. So far 33803 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 7777.00 on 22-Sep-2022 and a 52 week low of Rs. 5235.60 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 5997.50 and Rs. 5680.10 respectively. The current market cap of the company is Rs. 348485.07 crore.

The promoters holding in the company stood at 55.91%, while Institutions and Non-Institutions held 32.30% and 11.79% respectively.

Bajaj Finance has reported rise of 35.70% in its net profit at Rs 2,624.22 crore for Q3FY23 as compared to Rs 1,933.85 crore for the corresponding quarter previous year. Total income of the company increased by 22.38% to Rs 9,214.61 crore for the quarter under review as compared to Rs 7,529.66 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 39.89% in its net profit at Rs 2,973.00 crore for Q3FY23 as compared to Rs 2,125.29 crore for the same quarter in the previous year. Total income of the company increased by 26.31% to Rs 10,785.95 crore for the quarter under review as compared to Rs 8,539.13 crore for the same quarter in the previous year.

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