Q4 results: Bajaj Finance profit suggests no dearth of growth, stock gains

With strong AUM increase, the company posted one of its highest quarterly profit growth; expansion in rural lending to aid future earnings

At a time when the overall earnings environment is subdued, Bajaj Finance, the country’s leading consumer financier, posted a increase of 60.6 per cent in net profit for the January-March period (Q4), the highest growth in 26 quarters. 

The performance saw Bajaj Finance’s share price climb to an all-time high before closing 7.8 per cent higher at Rs 2,067.25. 

The profit growth also comes on a high base (the year-ago quarter saw a 43 per cent rise in profits), and was led by an over 40 per cent year-on-year rise in net interest income (NII), the difference between interest earned and expensed.