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Bajaj Finserv Share Price Today: Bajaj Fiserv Profit Surged 5 Times In March Quarter, Stock Surges Over 7%


Bajaj Finserv was last trading 6.76 per cent higher at Rs 11,200.80 on the BSE.
Share price of Bajaj Finserv gained more than seven per cent on Thursday, April 29, a day after the non-banking finance company reported its January-March quarter results for the financial year 2020-21. On Thursday, Bajaj Finserv opened on the BSE at Rs 10,550, touching an intra day high of Rs 11,299.65, and an intra day low of Rs 10,535.05, in the trading session so far. According to a regulatory filing by the firm to the BSE, Bajaj Finserv reported a net profit of Rs 979 crore in March quarter, registering a five-fold jump in profit from Rs 194 crore in the corresponding quarter last year. ( ....

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Bajaj Finserv Q4 FY21 Results: Profit Surges More Than 5 Times To Rs 979 Crore In March Quarter


As of 1:17 pm, Bajaj Finance shares traded 4.2 per cent higher at Rs 10,511
The Pune-based non-banking finance company - Bajaj Finserv - on Wednesday reported net profit of Rs 979 crore in January-March quarter, that marked an increase of 5 times from profit of Rs 194 crore during the same quarter last year. Its total revenue from operations jumped 16 per cent to Rs 15,385 crore, Bajaj Finance exchange filing showed. 
Given the impact of the COVID-19 pandemic, FY21 was expected to be an extremely demanding year and so it turned out to be. In fact, the negative growth in GDP was much larger than expected in Q1 FY21 as GDP contracted by 24.4%, followed by a further 7.3% contraction in Q2 FY21. Thankfully, we began to witness resumption of economic activity in the second half of the year wherein Q3 FY21 recorded a GDP growth of 0.4% and Q4 FY21 is expected to show relatively robust growth. The second advance estimates of national income for FY21 released by the Central Stat ....

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