Bajaj Finance (BFL; CMP-Rs 7,241; MCAP-Rs 438,373 crore) has posted strong earnings in the fourth quarter of FY22. Net profit in Q4 FY22 showed an increase of 80 percent on a lower base as the same quarter last year was impacted by the pandemic. A healthy growth in assets, better asset quality, and a fall in provisions/credit costs were the key drivers of profit even as operating expenses surged during the quarter. (image) Overall, BFL’s financial performance in FY22 was...
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