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Bajaj Finserv Q3 Result: 3% profit up in December quarter, yet shares broke in Red Zone – Bajaj Finserv Q3 Results Net Profit Rices 3 Percent to Rupees 2231 Crore but share price slips

Bajaj finserv Q3 result: Before the December quarter results came today, Bajaj Finserv’s shares were in the Green Zone but after the results, it broke into the red zone. This is the situation when its consulted net profit increased by 3 per cent and revenue by 10 per cent in the third quarter of the current financial year 2024-25 i.e. October-December 2024. Before the results, it had jumped 3.72 per cent to ₹ 1855.95 in intra-day. However, after the results, it fell 2.29 per cent to ₹ 1748.35, which is 5.80 per cent downside from today’s Intra-Day High. It is currently down 1.87 per cent to ₹ 1755.85 on BSE.

Bajaj Finserv Q3 Result: Special things

In the December quarter, Bajaj Finserv’s consulted net profit rose by 3% to ₹ 2,231 crore and operational revenue increased by 10% to ₹ 32,042 crore. Assets Under Management (AUM) also rose 28 per cent to ₹ 3,98,043 crore during this period. It also includes Bajaj Housing Finance’s ₹ 1,08,314 crore AUM, which rose by 26 per cent on an annual basis. Despite all these positives, Bajaj Finserv on a front, in the case of NPA. On an annual basis, its gross NPA rose from 0.95% to 1.12% and NPA increased from 0.37% to 0.48%. Provisioning coverage ratio of stage 3 assets was 57%.

How was the move of shares in a year?

Bajaj Finserv’s shares were at Rs 1419.00 on 4 June 2024 last year, which is a one -motion of one year for its shares. It jumped about 43 per cent in 3 months from this lower level and reached the price of Rs 2029.00 on 27 September 2024, which is a one -year record high for its shares. However, the shares stopped here and currently it is about 13 per cent downside from this high.

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