On Wednesday trade, Bajaj Finance Ltd’s shares have down 5 per cent to Rs 6,855 on the Bombay Stock Exchange (BSE), despite registering strong growth in net profit by 80 per cent YoY at Rs 2,420 crore for the fourth quarter that ended in March 2022 (Q4FY22). The provision of the company has down 33 per cent quarter on quarter (QOQ).

The asset quality remained healthy as gross non-performing and net non-performing assets by 13 basis points (bps) and ten bps QoQ to 1.6 per cent and 0.68 per cent, respectively.

• NTPC Green Energy Adds 50 MW Solar Power in Rajasthan
• Coffee Day Enterprises Settles Rs 25 Cr Loan With Kemfin
• GST Collections Rise 14.7% to Rs 2.04 Lakh Crore in September
• GPT Infraprojects Bags Rs 385 Cr South Africa Rail Order
• Cabinet Backs Rs 1.86 Lakh Cr Plan for Green Power Grid

Moreover, net interest income (NII) for Q4FY22 was up 30 per cent to Rs 6,068 crore from Rs 4,659 crore in Q4FY21. The lender saw growth in consolidated assets under management (AUM) by 9 per cent QoQ and 29 per cent YoY to Rs 197,452 crore, primarily driven by 27 per cent YoY growth in the consumer segment.