Bajaj Finance’s profit up 80 percent in the fourth quarter, 30 percent increase in NII

Bajaj Finance (Bajaj Finance has its march quarterly results ,Quarterly Results) have been issued. According to the company, it has recorded the highest ever consolidated profit for the financial year (Profit) is entered. According to the data released today, the profit of NBFCs has crossed Rs 2400 crore with an increase of 80 percent compared to last year. At the same time, the net interest income has increased by 30 percent to more than Rs.6 thousand crores. The company has also announced a dividend of Rs 20 per share for its investors.

How were the company’s results?

Bajaj Finance reported a profit of Rs 2,419.51 crore in the March quarter. Which is 79.67 percent more than the profit of Rs 1,346.64 crore in the same month last year. According to the company, this is its highest consolidated profit so far. At the same time, the company had a profit of Rs 7,028 crore in the last financial year. Which is the company’s record profit for the whole year. At the same time, the company’s net interest income has increased by 30 percent to Rs 6,068 crore in the March quarter compared to the previous year. Net interest income is the difference between the interest earned and the interest paid on loans disbursed by a bank or NBFC. The company has announced a dividend of Rs 20 per share to its investors. The record date for the dividend is 1st July 2022.

How was the company’s performance?

According to the results, the company’s assets under management have increased by 29 percent to the level of Rs 1,97,452 crore. There has been an improvement in the asset quality of NBFCs, with the company’s Gross NPAs at 1.6 percent and Net NPAs at 0.68 percent. They were at 1.79 percent and 0.75 percent a year ago.