Bajaj Finance Q4 Results: Net profit grows 21% to Rs 3,824.5 crore, exceeds analysts' expectations; NII up 28%

Bajaj Finance Q4 Results: Pune-headquartered Bajaj Finance on Thursday reported a consolidated net profit of Rs 3,824.5 crore for the quarter ended March 31, marking a year-on-year increase of 21.1 per cent that was better than analysts' expectations.

The non-banking financial company (NBFC) registered 28.1 per cent growth in net interest income (NII), a key measure of a lender's revenue, to Rs 8,013 crore for the fourth and final quarter of the financial year 2023-24, according to a regulatory filing. 

According to Zee Business research, Bajaj Finance's fourth-quarter net profit was estimated at Rs 3,750 crore and NII at Rs 8,000 crore.

Bajaj Finance said its pre-provisioning operating profit (PPoP) for the March quarter increased 25.3 per cent to Rs 6,412 crore. 

The NBFC's asset quality largely remained steady sequentially. 

Its gross non-performing assets (NPAs) as a percentage of total loans came down to 0.85 per cent at the end of March 31 from 0.95 per cent three months ago, while its net non-performing assets (NNPAs) remained unchanged on a quarter-on-quarter basis, at 0.37 per cent.

The number of loan bookings at the company during the quarter under review increased 4.1 per cent to 7.81 million. 

For the full financial year, Bajaj Finance clocked a net profit of Rs 14,451 crore, up 26 per cent on a year-on-year basis. 

Bajaj Finance dividend

Bajaj Finance declared a final dividend of Rs 36 per equity share for FY24.  

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