Bajaj Finance reports fall of 19% in Q4 consolidated net profit
20th May 2020

Bajaj Finance has reported results for the fourth quarter and year ended March 31, 2020.

The Company has reported a fall of 19.94% in its net profit at Rs 891.57 crore for the quarter under review as compared to Rs 1113.59 crore for the same quarter in the previous year. However, total income of the company increased by 33.43% at Rs 6515.16 crore for Q4FY20 as compared Rs 4882.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 19.38% in its net profit at Rs 948.10 crore for the quarter under review as compared to Rs 1176.06 crore for the same quarter in the previous year. However, total income of the company increased by 36.48% at Rs 7230.83 crore for Q4FY20 as compared Rs 5298.01 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a rise of 25.47% in its net profit at Rs 4881.12 crore as compared to Rs 3890.34 crore for the previous year. Total income of the company increased by 36.98% at Rs 23834.15 crore for year under review as compared to Rs 17399.27 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a rise of 31.76% in its net profit at Rs 5263.75 crore as compared to Rs 3994.99 crore for the previous year. Total income of the company increased by 42.62% at Rs 26385.63 crore for year under review as compared to Rs 18500.18 crore for year ended March 31, 2019.