BAJAJ FINANCE Q1 UPDATE

After an initial surge, the BSE Sensex retreated, closing marginally lower by 0.03% at 79,897.34, dragged down by selling pressure on major stocks. The NSE Nifty also experienced a similar trajectory, ending the day with a slight dip of 0.03% at 24,...

The banking sector may see disappointing earnings due to challenges in net interest margins and rising provisions, says Dipan Mehta, Director, Elixir Equities. FMCG and traditional consumption stocks are under pressure, while airline companies like ...

AU Small Finance Bank's shares declined by 4.25% to Rs 644 on the BSE following a slight 0.4% QoQ decrease in total deposits, totaling Rs 97,290 crore for Q1 ended June 2024. Conversely, CASA deposits rose by 1.8% QoQ, reaching Rs 32,034 crore in Q1...

Brokerage firms such as UBS have maintained a buy rating on L&T Finance, while JP Morgan maintained an overweight rating on Bajaj Finance, Citi has initiated coverage on Indegene and maintained a sell rating on Gujarat Gas.

In its quarterly update announced on Wednesday after market hours, Bajaj Finance stated that it has resumed loan sanctions and disbursals under the ‘eCOM’ and ‘Insta EMI Card’ programs, as well as the issuance of EMI cards, following the RBI's remov...

Reliance Jio's strategic timing aligns with 5G advancements and tariff adjustments, poised to boost revenue and shareholder value. The company's emphasis on EBITDA margin growth and potential IPO plans suggest a positive outlook for unlocking shareh...

Bajaj Housing Finance, a non-deposit taking housing finance company, has filed Rs 7,000 crore IPO DRHP with fresh equity shares and OFS. In the OFS, Bajaj Finance will off-load its shares.

The NSE Nifty index closed 468.75 points up at 23290.15

The net profit in the year-ago period was Rs 1,180 crore. The company's board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval.

Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.

The bank's net interest margin for the quarter was 10.1% against 10.4% in the same quarter last year, although it rose sequentially from 9.8%. Operating profit was 25.5% higher at Rs 128 crore against Rs 102 crore. Provisions and contingencies were ...

This will be payable in cash for an amount aggregating up to Rs 166.49 crore, the company said in its filing to the exchanges. The buyback price is at an 11% premium over Wednesday's closing price of Rs 261.40 on the NSE, up by Rs 3.75 or 1.46%.

Porsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steering clear of a price war that has gripped the local market.

Shriram Finance announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28. While the profit figure was close to the Street estimates, NII was above expectations.

Bajaj Finserv Q4 Results: Consolidated total income for the March quarter stood at Rs 32,042 crore as against Rs 23,625 crore a year-ago, an upside of 36% YoY.

Bajaj Finance shares dropped on BSE as investors reacted negatively to Q4 results. Motilal Oswal downgrades the stock to neutral rating citing weak FY25 guidance. Concerns include new product segments like cars, tractors, CVs, and potentially MFI.

The NBFC had reported PAT at Rs 3,157.79 crore in the year-ago period. Revenue from operations for the quarter stood at Rs 14,926 crore, up 31% YoY. The interest income in the January-March period stood at Rs 13,230.08 crore versus Rs 9,845.98 crore...

Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.

New loans booked during the fourth quarter rose by 4% to 7.87 mm as compared to 7.56 mm, according to a recent update by the company The new loans booked during the quarter were lower on account of the restrictions placed by the RBI on the company, ...