Bajaj Finance Shares Dip Ahead of Q4 Results; Key Announcements Expected

Market Performance

Bajaj Finance shares traded lower in early deals today as investors awaited the company’s March quarter results and major board announcements.

• At 10:50 AM, Bajaj Finance shares were down 0.82% at ₹9,018 on the NSE.
• The stock touched an intraday low of ₹8,960.
• Over the last four trading sessions, Bajaj Finance shares have declined by nearly 4%.

Main News

The board of Bajaj Finance Ltd is set to meet today to finalize the financial results for Q4FY24. Along with the results, the company is likely to consider:

• A stock split proposal involving the sub-division of existing equity shares with a face value of ₹ 2 each.
• Issuance of bonus shares to shareholders.
• A potential dividend announcement.

The company has officially informed stock exchanges about these proposals through regulatory filings.

Company Details

Bajaj Finance has been showing robust financial growth. In the December quarter, the company reported impressive numbers:

Revenue

• Total income rose to ₹18,058 crore in Q3FY24, compared to ₹14,166 crore in the same quarter of the previous year.

Net Profits

• Consolidated net profit stood at ₹4,308 crore for Q3FY24.
• This marks an 18% increase from the ₹3,639 crore net profit reported in Q3FY23.

These strong figures set a positive backdrop as investors await the March quarter financials.

Summary of the Article

Ahead of the much-anticipated Q4 results, Bajaj Finance shares have come under pressure, continuing their four-day losing streak. Investors are closely watching for significant corporate actions, including a stock split, bonus shares, and a dividend announcement. Strong financial performance in the previous quarter adds to the overall excitement surrounding today’s board meeting.