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Bajaj Finserv reports 20% rise in Q4 consolidated net profit
Apr-26-2024

Bajaj Finserv has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 17.34% fall in its net profit at Rs 7.82 crore for the quarter under review as compared to Rs 9.46 crore for the same quarter in the previous year. However, total income of the company increased by 5.36% at Rs 54.27 crore for Q4FY24 as compared Rs 51.51 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 19.76% rise in its net profit at Rs 2118.53 crore for fourth quarter ended March 31, 2024 as compared to Rs 1768.95 crore for the same quarter in the previous year. Total income of the company increased by 35.63% at Rs 32041.93 crore for Q4FY24 as compared Rs 23624.95 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 59.73% rise in its net profit at Rs 1170.06 crore as compared to Rs 732.52 crore for the previous year. Total income of the company increased by 51.09% at Rs 1733.91 crore for year under review as compared to Rs 1147.61 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 26.97% rise in its net profit at Rs 8147.79 crore as compared to Rs 6417.28 crore for the previous year. Total income of the company increased by 34.50% at Rs 110383.00 crore for year under review as compared to Rs 82072.01 crore for year ended March 31, 2023.

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