Bajaj Finserv lost 1.17% to Rs 746.15 at 9:20 IST on BSE after consolidated net profit rose 3.64% to Rs 912.86 crore on 15.17% growth in total income from operations to Rs 2017.29 crore in Q4 March 2013 over Q4 March 2012.
The Q4 result was announced after market hours on Wednesday, 15 May 2013.
Meanwhile, the S&P BSE Sensex was up 39.79 points or 0.2% at 20,252.75.
On BSE, 1,890 shares were traded in the counter as against average daily volume of 15,839 shares in the past two weeks.
The stock hit a high of Rs 760 and a low of Rs 745 so far during the day.
Bajaj Finserv's consolidated gross revenue rose 2.6% to Rs 5116.82 crore in Q4 March 2013 over Q4 March 2012.
Bajaj Finserv's consolidated net profit rose 17.63% to Rs 1573.64 crore on 29.96% growth in total income from operations (net) to Rs 5072.43 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Gross revenue rose 9% to Rs 15814 crore in FY 2013 over FY 2012. Bajaj Finserv said that the company has performed well in FY 2013 in a challenging economic environment.
Bajaj Finserv's board of directors at a meeting held on Wednesday, 15 May 2013, recommended dividend of Rs 1.50 per share for FY 2013.
Bajaj Finserv is a holding company and the financial services arm of the Bajaj group with business interest in protection, lending and financial advisory and wealth management through its various associate and subsidiary companies.
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