Bajaj Finance’s stock price fell nearly 6% on Friday, April 26, when the company announced its fourth quarter results. Bajaj Finance stock price started below. INRPrevious closing price ratio 7,008.60 INR7,293.90, immediately down 5.8%. INR6,872.55 on BSE. At around 9:30 am, Bajaj Finance stock was trading 5.62 per cent lower. INR6,884.10 per piece. The equity benchmark Sensex was up 0.14% at 74,440.50 at the time.
After market hours on Thursday, April 25, Bajaj Finance reported a 21% year-on-year (y-o-y) increase in consolidated net profit. INR382.5 billion yen in the fourth quarter of 2024.
Net interest income (NII) increased 28% YoY in Q4 FY24; INR801.3 billion pairs INR625.4 billion in the fourth quarter of FY2023. However, financial institutions’ net interest margin (NIM) contracted by 21 basis points (bps) in the fourth quarter compared to the third quarter.
Gross NPA (non-performing assets) and net NPA were 0.94% and 0.34% as of March 31, 2023, while as of March 31, 2024, they were 0.85% and 0.37%, respectively.
Also read: Bajaj Finance’s fourth quarter hit by rural lending losses, RBI restrictions
As of April 25 close, Bajaj Finance’s share price has risen about 20 per cent in the past year, underperforming the benchmark Sensex, which has risen about 24 per cent in the same period. (More will be added in the future)
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