BAJAJ FINANCE SHARE PRICE FALLS 6% AFTER Q4 RESULT

Bajaj Finance share price fell almost 6 per cent on Friday, April 26, a day the company released its Q4 result. Bajaj Finance share price opened at ₹7,008.60 against its previous close of ₹7,293.90 and soon fell as much as 5.8 per cent to the level of ₹6,872.55 on BSE. Around 9:30 am, Bajaj Finance share price traded 5.62 per cent lower at ₹6,884.10 apiece. Equity benchmark Sensex was 0.14 per cent up at 74,440.50 at that time.

Post market hours on Thursday, April 25, Bajaj Finance reported a 21 per cent year-on-year (YoY) rise in consolidated net profit to ₹3,825 crore in Q4FY24.

Its net interest income (NII) for Q4FY24 saw a 28 per cent YoY rise to ₹8,013 crore against ₹6,254 crore in Q4 of FY23. However, the lender's net interest margin (NIM) shrunk 21 basis points (bps) in Q4 over Q3.

Gross NPA (non-performing assets) and net NPA stood at 0.85 per cent and 0.37 per cent as of March 31, 2024, respectively, against 0.94 per cent and 0.34 per cent as of March 31, 2023.

Also Read: Bajaj Finance Q4 hit by rural loan losses, RBI restrictions

As of the close on April 25, Bajaj Finance's share price has gained about 20 per cent over the last year, underperforming the benchmark Sensex, which has gained about 24 per cent in the same period.

 (More to come)

2024-04-26T04:24:57Z dg43tfdfdgfd