Bajaj Finserv, engaged in lending, investment, protection and advisory, has reported five-fold jump in its consolidated net profit attributable to owners at Rs 9,790.6 million for fourth quarter ended Mar. 31, 2021 as compared to Rs 1,944.3 million for the same quarter in the previous year. Total income of the company increased by 15.74% at Rs 1,53,872.5 million for Q4FY21 as compared Rs 1,32,942.5 million for the corresponding quarter previous year.

The company has reported a fall of 46.97% in its standalone net profit at Rs 1,687 million for the quarter under review as compared to Rs 3,181.5 million for the same quarter in the previous year. Total income of the company decreased by 24.15% at Rs 2,677.9 million for Q4FY21 as compared Rs 3,530.7 million for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 73.19% in its net profit at Rs 1,787.8 million as compared to Rs 6,668.6 million for the previous year. Total income of the company decreased by 51.91% at Rs 3,920.3 million for year under review as compared to Rs 8,151.6 million for year ended March 31, 2020.

The Board of Directors have recommended dividend of 3 per equity share (60%), subject to the approval of shareholders.  

Shares of the company gained Rs 277.35, or 2.64%, to trade at  Rs 10,769.  The total volume of shares traded  was  28,204 at the BSE (11.03 a.m., Thursday).