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Bajaj Finance Q4 net profit surges 50 pc to Rs 1,114 cr

Press Trust of India  |  New Delhi 

Finance Thursday reported a 50 per cent jump in its standalone net profit at Rs 1,114 crore for the last quarter of the fiscal ended March 2019.

The company had registered a net profit of Rs 743 crore in the corresponding quarter a year ago.

Total income during January-March quarter of 2018-19 rose to Rs 4,887.76 crore from Rs 3,424.99 crore in the year-ago period, the company said in a regulatory filing.

For the fiscal year ended March 2019, the net profit rose to Rs 3,890 crore as compared with Rs 2,485 crore in 2017-18.

The company's board has recommended a dividend of Rs 6 per equity share or 300 per cent of face value of Rs 2.

Gross non-performing assets (NPAs) and net NPAs stood at 1.54 per cent and 0.63 per cent, respectively, at the end of March 2019.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 16 2019. 15:46 IST