Bajaj Finserv Q3: The company’s net profit declined, the company’s share price also fell


Mumbai. Bajaj Finserv, one of the country’s leading NBFC (Non-Banking Financial Company) companies, presented its company’s third quarter report in the market this afternoon, after which it was found that there has been a decline in the company’s net profit during this period. Due to this news, the share price of Bajaj Finserv also fell by 4.5 percent.

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Today Bajaj Finserv released the results for the third quarter (Q3) that ended in December. Looking at the results, it is revealed that Bajaj Finserv has registered a decline of 2.6 per cent in its Q3 Net Profit (Rs 1,289 crore) for the previous year (2020) as against this year’s ie 2021 Net Profit (Rs 1,256 crore). Yes, if we talk about revenue, it has increased by 10.2 percent during the same period. While in the third quarter (Q3) of 2020, the company had made a revenue of Rs 15,958 crore, in the third quarter (Q3) of this year, the company has increased it to Rs 17,587 crore.

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The company’s Q3 results today had a negative impact on the stock market and Bajaj Finserv shares fell 4.57 per cent or Rs 827.25 to 17,260.30 on the BSE (Bombay Stock Exchange). Something similar happened on NSE as well.

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