Non-banking Financial Company (NBFC) Bajaj Finance Limited on Thursday reported a consolidated net profit of Rs 3,824.53 crore for the quarter ending on March 31 in the financial year 2023-24 (Q4 FY24). This was a 21.1 per cent increase in profits compared to Rs 3,157.79 crore reported during the same period last year.
The company's revenue from operations was up 31.34 per cent at Rs 14,926.21 crore for Q4, compared to Rs 11,364.01 crore reported during the year-ago period. The total income of the company also rose 31.35 per cent to Rs 14,931.98 crore, from Rs 11,367.54 during the same period last year.
Sequentially, net profit rose five per cent from Rs 3,638.95 crore. Revenue from operations went up 5.38 per cent from Rs 14,163.56 crore, and total income was up 5.4 per cent from Rs 14,166.89 crore in Q3.
For the entire financial year, the company reported a 25.57 per cent surge in net profit at Rs 14,451.17 crore, compared to Rs 11,507.69 crore reported at the end of FY23. Revenue from operations was up 32.7 per cent at Rs 54,969.49 crore from Rs 41,410.16 crore at the end of last year.
Assets under management (AUM) grew by 34 per cent to Rs 3.30 trillion as of 31 March 2024 from Rs 2.47 trillion as of 31 March 2023. AUM grew by Rs 19,647 crore in Q4 FY24.
"Loan losses and provisions for Q4 FY24 were Rs 1,310 crore as against Rs 859 crore in Q4 FY23. The company holds a management and macro-economic overlay of Rs 300 crore as of 31 March 2024," the company said in an exchange filing.
"Gross non-performing assets (NPA) and net NPA as of March 31, 2024, stood at 0.85 per cent and 0.37 per cent, respectively, against 0.94 per cent and 0.34 per cent as of March 31, 2023," the NBFC added.
The board of directors has recommended a dividend of Rs 36 per equity share of Rs 2 face value.
Shares of Bajaj Finance Limited closed trading at Rs 7,293.90 on Thursday ahead of the company's Q4 FY24 results.
FAQs
Financials
| Quarterly Results of Bajaj Finance (in Rs. Cr.) | Jun '24 | Dec '23 |
|---|
| Diluted EPS | 54.87 | 51.69 |
| EPS After Extra Ordinary | | |
| Basic EPS. | 55.03 | 51.89 |
| Diluted EPS. | 54.87 | 51.69 |
45 more rowsThe net interest income of BAJAJ FINANCE stood at Rs 286,961 m in FY23, which was up 31.7% compared to Rs 217,858 m reported in FY22.
What is the profit of Bajaj Finserv in Q1? ›
Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore.
What is the price to earnings ratio of Bajaj Finance? ›
P/E ratio as of September 2024 (TTM): 34.4
According to Bajaj Finance's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.4388. At the end of 2022 the company had a P/E ratio of 36.9.
What is the dividend of Bajaj Finance in 2024? ›
For the year ending March 2024 Bajaj Finance has declared an equity dividend of 1800.00% amounting to Rs 36 per share. At the current share price of Rs 7241.85 this results in a dividend yield of 0.5%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
Is it safe to invest in Bajaj? ›
Here your investment is safeguarded by the highest safety and credibility ratings. Bajaj Finance FD offers competitive interest rates, with exclusive higher returns on special tenures of 18, 22, 33, 42, and 44 months.
Is Bajaj Finance profitable? ›
The financing business through its 52.49% holding in Bajaj Finance Ltd. (BFL), a large, well recognised and highly profitable listed enterprise.
What is the net worth of Bajaj Finance in 2024? ›
Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. It has a customer base of 83.64 million and holds assets under management worth ₹330,615 crore (US$40 billion), as of March 2024.
What is ROI of Bajaj Finance? ›
Return on investment in fixed deposit
Bajaj Finance offers one of the highest FD rates in the market up to 8.65% p.a. for senior citizens and up to 8.40%, depending on the tenure of the deposit. This means that you can earn higher returns on your investment without taking on any additional risks.
Is Bajaj debt free? ›
Bajaj Auto is currently a debt free company. It has stayed away from taking on debt since 2010 when its debt to equity ratio crossed 0.5x.
The intrinsic value of one BAJFINANCE stock under the Base Case scenario is 9 283.31 INR. Compared to the current market price of 7 598.5 INR, Bajaj Finance Ltd is Undervalued by 18%.
Why Bajaj Finance is successful? ›
Bajaj Finserv has low foreclosure and pre-payment charges that make this step affordable. You have to only ensure that the part pre-payment amount is greater than the value of one EMI. Fast approval, a high loan amount and flexible repayment modes make a personal loan from Bajaj Finserv better than the rest.
What is the net interest margin of Bajaj Finance? ›
BJJQY (Bajaj Finance) Net Interest Margin (Bank Only) % : 10.09% (As of Jun. 2024)
What is the debt of Bajaj Finance? ›
According to Bajaj Finance's latest financial reports the company's total debt is ₹2.197 T. A company's total debt is the sum of all current and non-current debts.
What is a good price earning ratio? ›
Typically, the average P/E ratio is around 20 to 25. Anything below that would be considered a good price-to-earnings ratio, whereas anything above that would be a worse P/E ratio. But it doesn't stop there, as different industries can have different average P/E ratios.
What is the prediction of Bajaj Finance? ›
Bajaj Finance Ltd. has an average target of 8265.62. The consensus estimate represents an upside of 12.49% from the last price of 7347.60. View 34 reports from 10 analysts offering long-term price targets for Bajaj Finance Ltd.. Reco - This broker has downgraded this stock from it's previous report.
What is the future of Bajaj Finance? ›
"Considering company's strong parentage brand “BAJAJ" along with its solid position in the housing finance space with ₹9,7071 cr AUM which is well-positioned itself to capitalise the industry demand and assuming to deliver impressive growth in future, like historical CAGR growth of 30.9% in AUM from Fiscal 2022 to 2024 ...
Is it good to buy Bajaj Finance? ›
Bajaj Finance has TTM P/E ratio 29.25 as compared to the sector P/E of 29.73.There are 29 analysts who have initiated coverage on Bajaj Finance. There are 11 analysts who have given it a strong buy rating & 9 analysts have given it a buy rating. 4 analysts have given the stock a sell rating.
What is the quarter results of Bajaj Finserv in 2024? ›
Bajaj Finserv Ltd's revenue jumped 35.22% since last year same period to ₹31,482.55Cr in the Q1 2024-2025. On a quarterly growth basis, Bajaj Finserv Ltd has generated -1.76% fall in its revenue since last 3-months.
