Bajaj Finserv touches roof on reporting 57% rise in Q1 consolidated net profit

Bajaj Finserv is locked its upper circuit limit of Rs. 14633.45, up by 1330.30 points or 10.00% from its previous closing of Rs. 13303.15 on the BSE.

The scrip opened at Rs. 13500.00 and has touched a high and low of Rs. 14633.45 and Rs. 13500.00 respectively. So far 45661 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 19319.95 on 19-Oct-2021 and a 52 week low of Rs. 10777.00 on 01-Jul-2022.

Bajaj Finserv
Bajaj Finserv

Last one week high and low of the scrip stood at Rs. 14633.45 and Rs. 12570.05 respectively. The current market cap of the company is Rs. 231729.06 crore.

The promoters holding in the Bajaj Finserv company stood at 60.80%, while Institutions and Non-Institutions held 15.08% and 24.12% respectively.

Bajaj Finserv has reported many fold jumps in its net profit at Rs 233.05 crore for first quarter ended June 30, 2022 as compared to Rs 0.37 crore for the same quarter in the previous year. Total income of the company increased by around 9-fold at Rs 356.84 crore for Q1FY23 as compared Rs 40.82 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 57.23% in its net profit at Rs 1,309.38 crore for first quarter ended June 30, 2022 as compared to Rs 832.77 crore for the same quarter in the previous year. Total income of the company increased by 13.90% at Rs 15,888.38 crore for Q1FY23 as compared Rs 13,949.45 crore for the corresponding quarter previous year.