Bajaj Finance Ltd., included within the yr 1987, is a Giant Cap firm (having a market cap of Rs 361157.71 Crore) working in NBFC sector.
For the quarter ended 31-03-2021, the corporate reported a Consolidated Complete Earnings of Rs 6854.94 Crore, up 2.95 % from final quarter Complete Earnings of Rs 6658.47 Crore and down -5.20 % from final yr similar quarter Complete Earnings of Rs 7230.83 Crore. Firm reported internet revenue after tax of Rs 1346.64 Crore in newest quarter.
The severity of earnings affect of the COVID second wave has been a lot decrease than the primary wave. The administration is well-prepared to take care of this and compensate the misplaced enterprise with the beginning of the unlocking course of. Digital initiatives have been upfronted and are seemingly to offer vital profit on the price and development fronts. The cross-selling of merchandise to the present Credit score section buyer base of ~39m could be a key development driver in FY22 as effectively.
Promoters held 56.1 per cent stake within the firm as of March 31, 2021, whereas FIIs held 24.2 per cent, DIIs 9.1 per cent and public and others 10.6 per cent.
(Views and suggestions given on this part are the analysts’ personal and don’t symbolize these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.)