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Bajaj Finance shares tank nearly 8 pc post earnings

Shares of Bajaj Finance on Friday tanked nearly 8 per cent after the company s March quarter earnings failed to cheer investors.

The stock declined 7.64 per cent to Rs 6,736.15 on the BSE.

On the NSE, it tumbled 7.60 per cent to Rs 6,740.

Bajaj Finance on Thursday reported a 21 per cent rise in

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Bajaj Finance Q4 Net Profit Rises 21% to Rs 3,825 Crore

Bajaj Finance's total income on a consolidated basis during the January-March period of 2023-24 rose to Rs 14,932 crore as against Rs 11,368 crore in the year-ago period

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Bajaj Finance Q2 Results: Bajaj Finance Q2 Results: Cons profit jumps 28% YoY to Rs 3,551 crore, meets estimates

Bajaj Finance s net interest income for the quarter increased by 26% on year to Rs 8,845 crore and was way above an ETNow poll of Rs 7,130 crore. The assets under management (AUM) grew by 33% to Rs 2.90 lakh crore as of September 30. Operating expenses to net interest income for the quarter was 34.0% against 35.9% a year ago.

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