Rs 36/share dividend: Bajaj Finance announces final dividend alongwith Q4FY24 results
Simultaneously, Bajaj Finance has also posted its financial results for the fourth quarter ended on March 31, 2024. The company reported a consolidated net profit of Rs 3,824.5 crore for the quarter ended March 31, marking a year-on-year increase of 21.1 per cent that was better than analysts expectations.
The board of directors of Pune-headquartered Bajaj Finance on Thursday, April 25, recommended a final dividend of Rs 36 per equity share for FY24 of face value of Rs 2, according to a stock market disclosure.
"In line with the Company's Dividend Distribution Policy, the Board of Directors has recommended a dividend on equity shares at the rate of 36 per share (1800 per cent) of face value of Rs 2 each for the financial year ended 31 March 2024. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or about 26 July 2024 or 27 July 2024," the company said in a BSE filing.
Simultaneously, Bajaj Finance has also posted its financial results for the fourth quarter ended on March 31, 2024. The company reported a consolidated net profit of Rs 3,824.5 crore for the quarter ended March 31, marking a year-on-year increase of 21.1 per cent that was better than analysts' expectations.
The NBFC registered a 28.1 per cent growth in net interest income (NII), a key measure of a lender's revenue, to Rs 8,013 crore for the fourth and final quarter of the financial year 2023-24, according to a regulatory filing. Read more
Meanwhile, shares of Bajaj Finance closed at Rs 7,293.90 each, down 0.46 per cent on BSE today.
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