Bajaj Finserv (NSE: BAJAJFINSV) June Quarter Results: In the April-June quarter of FY 2024-25, the standalone net profit of financial services company Bajaj Finserv grew 56.8 percent year-on-year to Rs 633.04 crore.
On 24 July 2024 company profit rise to 57% & company revenue rise to 53%.
It was Rs 403.51 crore a year ago. The company has told the stock markets that its revenue from operations during the quarter grew 52.7 percent year-on-year to Rs 909.11 crore from Rs 595.21 crore a year ago.
In the June 2024 quarter, the company’s standalone interest income grew nearly 37 percent year-on-year to Rs 42.59 crore from Rs 31.11 crore a year ago.
Expenses rose to Rs 60.30 crore during the quarter. Expenses stood at Rs 54.61 crore in the June 2023 quarter.
Profit And Revenue On Consolidated Basis
Bajaj Finserv’s net profit on a consolidated basis rose 10 percent year-on-year to Rs 2,137.70 crore during the June 2024 quarter from Rs 1,942.63 crore a year ago.
Revenue from operations grew 35 percent year-on-year to Rs 31,479.93 crore during the quarter from Rs 23,279.98 crore a year ago.
As of June 2024, Bajaj Finserv’s assets under management (AUM) stood at Rs 12,053 crore.
Despite the good results of the June 2024 quarter, Bajaj Finserv’s stock is down. On July 24, it opened in the red at Rs 1600 on the BSE.
In the day it dropped 3.4 percent from the previous close and touched an all-time low of 1562.70. At the close of trading, the stock settled at Rs 1578.45, down 2.4 percent.
The company’s market cap is Rs 2.52 lakh crore (2.50 lakh crore on 24th July 2024). As of the end of June 2024, promoters held a 60.64 percent stake in the company and public shareholders held a 39.17 percent stake.
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