Bajaj Finance shares fell by over 8% on Friday, April 26, coinciding with the company declaring its Q4 results. The stock opened at Rs 7,000.00 in the morning, which was the previous day's closing. The price was down or continuously falling towards Rs 7,294.90 and has now reached Rs 6,696.50. The stock has fallen by 8.20% now.
Bajaj Finance announced FY24 Q4 results at market close on Thursday April 25 in which net profit increased by 21% year-on-year (YoY) to Rs 3,825. Net income increased to Rs 6,254 crore in FY23 while it increased to Rs 8,013 crore in FY24 which is an increase of 28%.
In the last 5 years, Bajaj Finance's revenue growth has increased by 26.55% compared to the industry average growth rate of 14.19% and net income in the last 5 years has increased by 35.75% compared to the industry average growth rate of 21.55%. Bajaj Finance's market share has increased from 12.75% to 22.97%.
Bajaj Finance is a non-banking financial company in India. The headquarters of Bajaj Finance is in Pune. It is the number one leading non-banking financial company among the most leading companies of India. It has more than 43,147 employees and its customer base are 83.14 million and the value of assets is Rs 330,615 crore. Bajaj Finance was established in 1987 and its founder is Rahul Bajaj.
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