For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Read more about: bajaj finance

Bajaj Finance Posts 57% Jump In Q4 Profit To Rs 1,176 Crore

|

On Thursday, Bajaj Finance Limited reported a 57 percent increase in consolidated profit to Rs 1,176 crore for the March 2019 ended quarter from Rs 748 crore in the same period a year ago. The numbers included results of Bajaj Finance's wholly-owned subsidiaries Bajaj Housing Finance Limited (BHFL) and Bajaj Financial Securities Limited (BFinsec).

 

Bajaj Finance Posts 57% Jump In Q4 Profit To Rs 1,176 Crore

The non-banking finance company's consolidated net interest income (NII) rose by 50 percent to Rs 3,395 crore in the fourth quarter of 2018-19 from Rs 2,265 crore last year. Its loan losses and provisions for the quarter were at Rs 409 crore as against Rs 227 crore.

Bajaj Finance's gross non-performing assets (NPAs) was at 1.54 percent, contracting from 1.55 percent in the previous quarter. Net NPAs fell to 0.63 percent from 0.62 in sequentially.

Its consolidated assets under management (AUM) grew 41 percent to Rs 1,15,888 crore from Rs 82,422 crore.

New loans booked rose by 53 percent to 5.83 million from 3.80 million. Its total operating expenses to net interest income was at 34.58 percent on a year-on-year basis as against 39.47 percent.

Shares of Bajaj Finance gained after the announcement of the earnings results, closed 4.04 percent higher at Rs 3,124 apiece. In the last 12 months, the stock has gained 58.37 percent.

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X