Shares of Bajaj Finance dipped 5 per cent to Rs 6,855 on the BSE in Wednesday’s intra-day trade despite registering strong growth in net profit by 80 per cent year on year (YoY) at Rs 2,420 crore for the fourth quarter that ended in March 2022 (Q4FY22).
The company's provisions declined 33 per cent quarter on quarter (QoQ) and 44 per cent YoY to Rs 702 crore in Q4FY22 due to improvement in asset quality. The asset quality remained healthy as gross non-performing assets and net non-performing assets declined by 13 basis points (bps) and 10 bps QoQ to
The company's provisions declined 33 per cent quarter on quarter (QoQ) and 44 per cent YoY to Rs 702 crore in Q4FY22 due to improvement in asset quality. The asset quality remained healthy as gross non-performing assets and net non-performing assets declined by 13 basis points (bps) and 10 bps QoQ to