Last Updated : May 17, 2019 12:22 PM IST | Source: Moneycontrol.com

Bajaj Finserv rallies 5% on strong Q4 earnings

The company in its exchange disclosures reported that consolidated net profit in the quarter ended March 2019 rose 31.7 percent at Rs 839 crore, compared to Rs 637 crore in the year-ago period.

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Shares of Bajaj Finserv added nearly 5 percent intraday on May 17 on the back of strong Q4 earnings.

The company in its exchange disclosures reported that consolidated net profit in the quarter ended March 2019 rose 31.7 percent at Rs 839 crore, compared to Rs 637 crore in the year-ago period.

Total revenue grew by 44 percent to Rs 12,995 crore, against Rs 9,055 crore in the corresponding quarter last year.

"We saw growth in all the parameters during the quarter. Bajaj Finance reported a 57 per cent growth in net profit," Chief Financial Officer S Sreenivasan said.

For the entire 2018-19, the company's net profit increased 21 percent to Rs 3,219 crore from Rs 2,650 crore in 2017-18.Income rose to Rs 42,606 crore from Rs 32,863 crore in 2017-18.

At 1219 hrs, Bajaj Finserv was quoting Rs 7993.30, up 4.81 percent on the BSE.

First Published on May 17, 2019 12:21 pm