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Bajaj Finance sulks despite good Q4 show: What should investors do now?

Bajaj Finance’s net interest income (NII) surged 30 percent y-o-y to Rs 6,068 crore in the March quarter.

April 27, 2022 / 10:05 AM IST
Bajaj Finance

Bajaj Finance

 
 
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Bajaj Finance share price shed over 5 percent in the early trade on April 27 after the company reported its March quarter earnings.

Bajaj Finance on April 26 reported a 79.7 percent year-on-year (y-o-y) rise in consolidated net profit to Rs 2,420 crore due to higher net interest income and lower provisions.

Bajaj Finance’s net interest income (NII) surged 30 percent y-o-y to Rs 6,068 crore in the March quarter.

The other large component of its revenues was in the form of fees and other income of Rs 1,164 crore, up 51 percent from the same period last year.