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Bajaj Finance tumbles on reporting fall of 19% in Q4 consolidated net profit

  • May-22-2020
  • 13 Hrs IST

Bajaj Finance is currently trading at Rs. 1882.20, down by 106.65 points or 5.36% from its previous closing of Rs. 1988.85 on the BSE.

The scrip opened at Rs. 1980.00 and has touched a high and low of Rs. 2005.15 and Rs. 1865.55 respectively. So far 403628 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4923.20 on 20-Feb-2020 and a 52 week low of Rs. 1865.55 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 2099.00 and Rs. 1865.55 respectively. The current market cap of the company is Rs. 113478.56 crore.

The promoters holding in the company stood at 56.20%, while Institutions and Non-Institutions held 32.05% and 11.75% respectively.

Bajaj Finance has reported a fall of 19.94% in its net profit at Rs 891.57 crore for the quarter ended March 31, 2020 as compared to Rs 1113.59 crore for the same quarter in the previous year. However, total income of the company increased by 33.43% at Rs 6515.16 crore for Q4FY20 as compared Rs 4882.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 19.38% in its net profit at Rs 948.10 crore for the quarter ended March 31, 2020 as compared to Rs 1176.06 crore for the same quarter in the previous year. However, total income of the company increased by 36.48% at Rs 7230.83 crore for Q4FY20 as compared Rs 5298.01 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a rise of 25.47% in its net profit at Rs 4881.12 crore as compared to Rs 3890.34 crore for the previous year. Total income of the company increased by 36.98% at Rs 23834.15 crore for year under review as compared to Rs 17399.27 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a rise of 31.76% in its net profit at Rs 5263.75 crore as compared to Rs 3994.99 crore for the previous year. Total income of the company increased by 42.62% at Rs 26385.63 crore for year under review as compared to Rs 18500.18 crore for year ended March 31, 2019.