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...
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.
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 Muthoot Finance
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...
Yash Vora is a financial writer with the Microcap Millionaires team at Equitymaster. He has followed the stock markets right from his early college days. So, Yash has a keen eye for the big market movers. His clear and crisp writeups offer sharp insights on market moving stocks, fund flows, economic data and IPOs. When not looking at stocks, Yash loves a game of table tennis or chess.
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