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HomeLatest NewsBusinessBajaj Finance Shares Tank Nearly 8% Post Earnings - Prime Time News24

Bajaj Finance Shares Tank Nearly 8% Post Earnings – Prime Time News24


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Bajaj Finance Share Worth

Shares of Bajaj Finance on Friday tanked almost 8 per cent after the corporate’s March quarter earnings did not cheer buyers

Shares of Bajaj Finance on Friday tanked almost 8 per cent after the corporateā€™s March quarter earnings did not cheer buyers. The inventory declined 7.64 per cent to Rs 6,736.15 on the BSE.

On the NSE, it tumbled 7.60 per cent to Rs 6,740. 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. Whole revenue on a consolidated foundation through 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.

Internet curiosity revenue elevated 28 per cent through 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 contains Bajaj Housinq Finance Ltd, Bajaj Monetary Securities Ltd, Snapwork Applied sciences Pvt Ltd, and Pennant Applied sciences Pvt Ltd. The corporate mentioned its gross Non-performing Belongings (NPAs) and web NPAs as of March 2024 stood at 0.85 per cent and 0.37 per cent, respectively.

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

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