Bajaj Finance share price

Despite posting a stellar set of numbers in the previous quarter, Bajaj Finance shed 5.3 per cent in early trade Wednesday as a huge selloff in global equity markets spilled over to domestic stocks.

The company’s share price dropped to a low of Rs 6,855.45 as against Rs 7,240.70 at previous close on the BSE.

Buoyed by healthy consumer sentiments, Bajaj Finance reported its highest ever consolidated net profit at Rs 2,420 crore in the three months ended March. The figure is 80 per cent higher compared to Rs 1,347 crore posted in the year-ago period.

An analyst poll conducted by ET Now had projected net profit at Rs 2,500 crore. The company said it was its highest ever consolidated net profit. It also reported the highest ever consolidated profit after tax of Rs 7,028 crore for the fiscal year ended March 2022.

The company’s net interest income (NII) for the March quarter increased by 30 per cent to Rs 6,068 crore from Rs 4,659 crore in the year ago quarter. New loans booked grew by 15 per cent to 6.28 million as against 5.47 million in the same quarter last year

The company also announced a dividend of Rs 20 per share. The record date for the payment of dividend is July 1, 2022.

The company's assets under management (AUM) grew by 29 per cent to Rs 1,97,452 crore (including IPO financing receivables of Rs 5,365 crore) as of 31 March 2022 from Rs 1,52,947 crore as of 31 March 2021. Core AUM growth in Q4FY22 was Rs 10,837 crore.

Gross NPA (non-performing assets) and net NPA stood at 1.60 per cent and 0.68 per cent respectively, as against 1.79 per cent and 0.75 per cent as of 31 March 2021.

On standalone basis, NII for Q4 FY22 increased by 32 per cent to Rs 5,672 crore from Rs 4,287 crore in Q4FY21. Profit after tax for the same period increased by 95 per cent to Rs 2,268 crore from Rs 1, 161 crore