Bajaj Finance on April 29 announced a bonus issue of shares in the ratio of 4:1. This would mean that the eligible shareholders will receive 4 bonus shares for every single Bajaj Finance share they own. Additionally, the company also announced a stock split in the ratio of 1:2.
"The bonus issue reflects the company's strong financial position , robust reserves, and positive growth outlook," the NBFC said in its press release.
The company released its results for the January-March quarter of FY25. Bajaj Finance's net profit rose 17 percent year-on-year to Rs 4,480 crore. This is higher than the Rs 4,400 crore net profit estimated by the five brokerages polled by Moneycontrol. Revenue from operations meanwhile rose to Rs 18,457 crore.
Bajaj Finance's assets under management grew 26 percent during the quarter, helped by strong demand for credit, while new loan bookings jumped 36 percent from a year ago.
Net interest income increased by 22 percent in Q4FY25 to Rs 9,807 crore from Rs 8,013 crore in Q4FY24. This also beat Moneycontrol's poll estimate of Rs 9,660 crore.
Notably, Bajaj Finance also announced a final dividend of Rs 44 per equity share and a special dividend of Rs 12 per equity share. This would take the total dividend announced by the firm today to Rs 56 per share.
The record date to determine the eligibility of the shareholders set to receive the final dividend has been set on May 30. It will be paid on or around July 28. The record date for the special interim dividend has been set on May 9 and it will be paid to the eligible shareholders on or around May 26.
The company said the special interim dividend was being paid after taking into account the exceptional gain resulting from the sale of investment in Bajaj Housing Finance Limited as part of IPO listing in September 2024.
Also read: Our LIVE blog on Q4 updates
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