Shares of Bajaj Finance were trading at ₹6785.30, down from 6.22% from the previous close on the BSE in trade on April 27, 2022, despite the company's highest ever consolidated net profit of ₹2,420 crore, a 79.67% year-on-year jump for the fourth quarter. The stock is currently trading at ₹1,200 lower than its 52-week high.
Bajaj Finance announced its highest-ever consolidated profit after tax of ₹7,028 crore in the fiscal year ended March 2022, a 59 percent increase. In 2020-21, the net profit was ₹4,420 crore.
The non-banking finance company's net interest income (NII) increased by 30% to ₹6,068 crore in the March quarter, up from ₹4,659 crore in the previous quarter. New loans booked grew by 15 per cent to 6.28 million, as against 5.47 million in the same quarter last year.
As of 31 March 2022, assets under management (AUM) grew by 29 per cent to ₹1,97,452 crore (including IPO financing receivables of ₹5,365 crore) from ₹1,52,947 crore as of 31 March 2021. The core AUM growth in Q4FY22 was ₹10,837 crore.
Loan losses and provisions for the year were at ₹4,803 crore as against ₹5,969 crore in the year-ago period.
GNPA and NNPA stood at 1.60 percent and 0.68 percent as of March 31, 2022, as against 1.73 percent and 0.78 percent as of December 31, 2021.
The company also announced a dividend of ₹20 per share. The record date for the payment of the dividend is July 1, 2022.
Bajaj Finance stock has risen 40.06 percent in the last year, compared to a 22 percent rise in the S&P BSE Sensex, and it has risen 120.02 percent in the last three years.