Bajaj Finance Slumps 5% After Posting Highest Ever Quarterly Profit. 5 Key Takeaways

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  • Apr 27, 2022 - Bajaj Finance Slumps 5% After Posting Highest Ever Quarterly Profit. 5 Key Takeaways

Bajaj Finance Slumps 5% After Posting Highest Ever Quarterly Profit. 5 Key Takeaways

Apr 27, 2022

Bajaj Finance Slumps 5% After Posting Highest Ever Quarterly Profit. 5 Key Takeaways

One of India's largest finance companies Bajaj Finance yesterday reported its fourth quarter (Q4FY22) results.

Here are the key takeaways from its earnings shared in the press release...

  • The NBFC major's consolidated net profit for the quarter under review came in at Rs 24.2 bn, up 79.7%, compared to Rs 13.5 bn in the corresponding quarter last year.

    This was its highest consolidated net profit.
  • Net interest income (NII) increased by 30% to Rs 60.7 bn from Rs 46.6 bn in the year ago quarter.
  • Gross NPAs stood at 1.6% while net NPAs declined to 0.68% as against 0.75% as of 31 March 2021.
  • The company's total AUM grew 29% to Rs 1.97 tn as on 31 March 2022 on a consolidated basis.
  • Bajaj Finance announced a dividend of Rs 20 per share. The record date for the payment of dividend is 1 July 2022.

Ahead of its results yesterday, shares of Bajaj Finance ended over 3% higher at Rs 7,240.

Today, shares of the company are down around 5% at Rs 6,896.

On a YTD basis, shares of Bajaj Finance have a dismal performance to show as they trade at the same level they were trading at the start of this year.

Bajaj Finance YTD Performance

In its quarterly update which the company shared on 5 April, Bajaj Finance had recorded a growth of 14.5% in new loans booked during the quarter.

In the exchange filing yesterday, the NBFC giant also informed that phase 1 of its digital platform, which got delayed due to Covid, has now gone live.

Bajaj Finance is engaged in lending and allied activities. It focuses on consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.

To know more about the company, check out Bajaj Finance's financial factsheet and its latest quarterly results.

You can also compare Bajaj Finance with its peers.

Bajaj Finance vs HDFC

Bajaj Finance vs Muthoot Finance

Bajaj Finance vs Canfin Homes

You can also check out the video we did on Bajaj Finance, comparing the company with HDFC Bank.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...

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