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  • Bajaj Finance results: Bajaj Finance shares tank 5% despite strong Q4 show amid global selloff
Finance

Bajaj Finance results: Bajaj Finance shares tank 5% despite strong Q4 show amid global selloff

April 28, 2022
Edna B. Shearer
Read Time : 2 Minutes
NEW DELHI: Regardless of publishing a stellar set of numbers in the preceding quarter, Bajaj Finance lose 5.3 for every cent in early trade Wednesday as a enormous selloff in world equity markets spilled more than to domestic shares.

The company’s share rate dropped to a very low of Rs 6,855.45 as against Rs 7,240.70 at earlier shut on the BSE.

Buoyed by healthful purchaser sentiments, Bajaj Finance claimed its best at any time consolidated net income at Rs 2,420 crore in the three months ended March. The determine is 80 for each cent larger when compared to Rs 1,347 crore posted in the yr-back period.

An analyst poll carried out by ET Now experienced projected internet earnings at Rs 2,500 crore.

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The corporation stated it was its maximum at any time consolidated internet earnings. It also reported the optimum ever consolidated gain after tax of Rs 7,028 crore for the fiscal yr ended March 2022.

The company’s net desire money (NII) for the March quarter amplified by 30 for each cent to Rs 6,068 crore from Rs 4,659 crore in the yr in the past quarter. New financial loans booked grew by 15 for every cent to 6.28 million as from 5.47 million in the exact quarter final 12 months.

The organization also declared a dividend of Rs 20 for every share. The file date for the payment of dividend is July 1, 2022.

The firm’s belongings underneath management (AUM) grew by 29 for each cent to Rs 1,97,452 crore (like IPO funding receivables of Rs 5,365 crore) as of 31 March 2022 from Rs 1,52,947 crore as of 31 March 2021. Main AUM growth in Q4FY22 was Rs 10,837 crore.

Gross NPA (non-accomplishing assets) and internet NPA stood at 1.60 per cent and .68 for every cent respectively, as against 1.79 for each cent and .75 for every cent as of 31 March 2021.

On standalone foundation, NII for Q4 FY22 increased by 32 for each cent to Rs 5,672 crore from Rs 4,287 crore in Q4FY21. Gain just after tax for the similar period increased by 95 for every cent to Rs 2,268 crore from Rs 1, 161 crore.

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