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Bajaj Finance Q4 Net Profit Rises 21% to Rs 3,825 Crore – Prime Time News24


Bajaj Finance This fall Outcomes: Web curiosity earnings elevated 28 per cent in the course of the fourth quarter of the earlier fiscal yr to Rs 8,013 crore.

Bajaj Finance’s complete earnings on a consolidated foundation in the course of the January-March interval of 2023-24 rose to Rs 14,932 crore as in opposition to Rs 11,368 crore within the year-ago interval

Bajaj Finance on Thursday reported a 21 per cent rise in consolidated web revenue to Rs 3,825 crore for the March quarter. The non-banking finance firm (NBFC) had registered a web revenue of Rs 3,158 crore in the identical interval a yr in the past.

Complete earnings on a consolidated foundation in the course of the January-March interval of 2023-24 rose to Rs 14,932 crore as in opposition to Rs 11,368 crore within the year-ago interval, Bajaj Finance mentioned in a regulatory submitting.

Web curiosity earnings elevated 28 per cent in the course of the fourth quarter of the earlier fiscal yr to Rs 8,013 crore from Rs 6,254 crore a yr in the past.

On the similar time, complete bills elevated to Rs 9,830 crore from Rs 7,108 crore final yr, as per the submitting.

Bajaj Finance consolidated outcome includes Bajaj Housinq Finance Ltd, Bajaj Monetary Securities Ltd, Snapwork Applied sciences Pvt Ltd, and Pennant Applied sciences Pvt Ltd.

The board advisable a dividend of Rs 36 per fairness share of the face worth of Rs 2 (1,800 per cent) out of the income of 2023-24, topic to shareholders’ approval, it mentioned.

Within the earlier monetary yr, the NBFC had authorized a dividend of Rs 30 per share of the face worth of Rs 2 every (1,500 per cent).

The overall property beneath administration as on March 31, 2024 elevated 30 per cent to Rs 3,30,615 crore.

The corporate mentioned its gross non-performing property (NPAs) and web NPAs as of March 2024 stood at 0.85 per cent and 0.37 per cent, respectively.

For the complete yr ended March 2024, revenue after tax elevated 26 per cent to Rs 14,451 crore from Rs 11,508 crore in FY23.

In the course of the yr, the corporate earned a complete earnings of Rs 46,946 crore as in opposition to Rs 35,690 crore within the earlier fiscal.

The corporate’s capital adequacy ratio, together with Tier-II capital, as of March 31, 2024 was 22.52 per cent, whereas the Tier-I capital was 21.51 per cent, the corporate mentioned.

(This story has not been edited by Prime Time News24 employees and is printed from a syndicated information company feed – PTI)

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