Bajaj Finserv reports 32% rise in Q4 consolidated net profit
17th May 2019

Bajaj Finserv has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a fall of 82.78% in its net profit at Rs 1.81 crore for the quarter under review as compared to Rs 10.51 crore for the same quarter in the previous year. However, total income of the company increased by 17.73% at Rs 38.65 crore for Q4FY19 as compared Rs 32.83 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 31.66% in its net profit at Rs 838.74 crore for the quarter under review as compared to Rs 637.03 crore for the same quarter in the previous year. Total income of the company increased by 43.50% at Rs 12,994.52 crore for Q4FY19 as compared Rs 9,055.26 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported 2-fold jump in its net profit at Rs 307.17 crore as compared to Rs 141.62 crore for the previous year. Total income of the company increased by 77.82% at Rs 448.56 crore for year under review as compared to Rs 252.26 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 21.46% in its net profit at Rs 3,219.04 crore as compared to Rs 2,650.26 crore for the previous year. Total income of the company increased by 29.65% at Rs 42,605.57 crore for year under review as compared to Rs 32,862.66 crore for year ended March 31, 2018.