Get App
Moneycontrol

Co-Partners

Associate Partners

Last Updated : May 16, 2019 02:54 PM IST | Source: Moneycontrol.com

Bajaj Finance rises 4% on strong Q4 numbers

The company board recommended a dividend of Rs 6 per equity share (300%) of face value of Rs 2, subject to approval of the shareholders at the 32nd annual general meeting to be held on July 25, 2019.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Share price of Bajaj Finance rose 4 percent intraday on May 16 after company reported 57 percent jump in its Q4FY19 consolidated net profit at Rs 1,176 crore against Rs 748 crore in a year ago period.

Net interest income (NII) was up 50% at Rs 3,395 crore versus Rs 2,265 crore.

Net NPA of the company was at 0.63 percent, while Gross NPA stood at 1.54 percent, QoQ.

It loan losses and provisions declined to Rs 409 crore from Rs 454 crore, QoQ.

However, the provision coverage ratio unchanged at 60 percent (QoQ) and AUM as of March 31 was up 41 percent at Rs 1.16 lakh crore.

The company board recommended a dividend of Rs 6 per equity share (300%) of face value of Rs 2, subject to approval of the shareholders at the 32nd annual general meeting to be held on July 25, 2019.

At 14:50 hrs Bajaj Finance was quoting at Rs 3,072.00, up Rs 69.45, or 2.31 percent on the BSE.

Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 16, 2019 02:54 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant