Bajaj Finance share price falls 6% after Q4 result

1 week ago 14

1 min read 26 Apr 2024, 09:44 AM IST Trade Now

Bajaj Finance's stock terms has gained astir 20 per cent implicit the past twelvemonth (till April 25), underperforming the benchmark Sensex, which has gained astir 24 per cent successful the aforesaid period.

Bajaj Finance stock terms suffered beardown losses successful greeting commercialized connected Friday, April 26, pursuing the company's March 4th result. AFP PHOTO/Ralphson DAVID (AFP)

Bajaj Finance stock terms fell astir 6 per cent connected Friday, April 26, a time the institution released its Q4 result. Bajaj Finance stock terms opened astatine ₹7,008.60 against its erstwhile adjacent of ₹7,293.90 and soon fell arsenic overmuch arsenic 5.8 per cent to the level of ₹6,872.55 connected BSE. Around 9:30 am, Bajaj Finance stock terms traded 5.62 per cent little astatine ₹6,884.10 apiece. Equity benchmark Sensex was 0.14 per cent up astatine 74,440.50 astatine that time.

Post marketplace hours connected Thursday, April 25, Bajaj Finance reported a 21 per cent year-on-year (YoY) emergence successful consolidated nett net to ₹3,825 crore successful Q4FY24.

Its nett involvement income (NII) for Q4FY24 saw a 28 per cent YoY emergence to ₹8,013 crore against ₹6,254 crore successful Q4 of FY23. However, the lender's nett involvement borderline (NIM) shrunk 21 ground points (bps) successful Q4 implicit Q3.

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

Also Read: Bajaj Finance Q4 deed by agrarian indebtedness losses, RBI restrictions

As of the adjacent connected April 25, Bajaj Finance's stock terms has gained astir 20 per cent implicit the past year, underperforming the benchmark Sensex, which has gained astir 24 per cent successful the aforesaid period.

(More to come)

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Published: 26 Apr 2024, 09:27 AM IST