Bajaj Finserv trades in green on reporting 37% rise in Q4 consolidated net profit

Bajaj Finserv is currently trading at Rs. 14983.35, up by 154.80 points or 1.04% from its previous closing of Rs. 14828.55 on the BSE.

Bajaj Finserv
Bajaj Finserv

The scrip opened at Rs. 14986.00 and has touched a high and low of Rs. 15256.60 and Rs. 14660.85 respectively. So far 14286 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. 10159.80 on 28-Apr-2021.

Last one week high and low of the scrip stood at Rs. 15766.60 and Rs. 14660.85 respectively. The current market cap of the company is Rs. 238534.30 crore.

The promoters holding in the company stood at 60.76%, while Institutions and Non-Institutions held 15.47% and 23.76% respectively.

Bajaj Finserv has reported a fall of 90% in its net profit at Rs 16.87 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 168.70 crore for the same quarter in the previous year. Total income of the company decreased by 81.65% at Rs 49.15 crore for Q4FY22 as compared Rs 267.79 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 37.49% in its net profit at Rs 1,346.08 crore for fourth quarter and year ended March 31, 2022 as compared to Rs 979.06 crore for the same quarter in the previous year. Total income of the company increased by 22.58% at Rs 18,861.67 crore for Q4FY22 as compared Rs 15,387.25 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported over 2-fold jump in its net profit at Rs 424.23 crore as compared to Rs 178.78 crore for the previous year. Total income of the company increased by 85.96% at Rs 729 crore for year under review as compared to Rs 392.03 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 1.93% in its net profit at Rs 4,556.77 crore as compared to Rs 4,470.46 crore for the previous year. Total income of the company increased by 12.95% at Rs 68,438.98 crore for year under review as compared to Rs 60,591.57 crore for year ended March 31, 2021.

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