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News Details

( As on 25/04/2024 20:20)

Bajaj Finance L Q4 net profit up 19.90% at Rs 3401.91 cr

The company reported standalone net profit of Rs 3,401.91 crore for the quarter ended March 31, 2024 as compared to Rs 2837.36 crore in the same period last year, registering a year-on-year growth of 19.90 per cent.

Net revenue of the company rose substantially by 32.06 per cent at Rs 12,486.59 crore in January-March quarter of this fiscal as against Rs 9,455.22 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 31.95 per cent to Rs 4,158.48 crore from Rs 3,151.60 crore in year ago period.

Other Income grew by 107.37 per cent at Rs 3.94 crore versus (Mar'23 Rs 1.90 crore).

Operating Profit surged by 31.04 per cent to Rs 8,602.01 crore as against Rs 6,564.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.78 per cent in March quarter.

Interest grew by 47.69 per cent y-o-y to Rs 3,860.80 crore, while Taxation increased by 17.35 per cent at Rs 1,164.55 crore (Mar'23 Rs 992.39 crore).