Bajaj Finance touches 52-week high on strong quarterly results

Bajaj Finance Ltd reported strong earnings for the quarter with strong advances growth and steady asset quality growth.

The NII for the quarter rose by 37 per cent yoy to Rs.2342 crore in Q4FY18 vs Rs.1698 crore in Q4FY17. This was largely due to 32.8 per cent yoy increase in interest income to Rs.3534 crore in Q4FY18.


The provisions for the quarter declined by 4.5 per cent YoY to Rs.273 crore in Q4FY18 as compared with Rs.286 crore in Q4FY17 and Rs .246 crore in Q3FY18. Further, the bottomline grew by 60 per cent YoY to Rs.720 crore in Q4FY18 as against Rs.449 crore in Q4FY17 and Rs.766 crore in Q3FY18. 

The company's assets under management (AUMs) as on Mar 31, 2018 grew by 34% to ~ Rs 80,444 crore from ~ Rs 60,196 crore as of Mar 31, 2018, while the GNPAs and NNPAs stood at 1.48 per cent and 0.38 per cent, respectively. 

The stock is trading at 52-week high at Rs 2065, up by 7.63 per cent. Further, the company also recommended a dividend of Rs.4 per share on the face value of Rs 2 per share.