In Q4 of FY24, Bajaj Finserv recorded a net profit of Rs 2,118.53 crore Vs Rs 1,768.95 crore it reported in Q4 of FY23, a jump of almost 20% on year
The non-banking lender’s net interest came in at Rs 14,649.29 crore, an increase of nearly 33% year-over-year in Q4 FY24, against Rs 11,025.45 crore it reported in Q4 FY23.
The board of directors have recommended a dividend of 1 per equity share. “The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited/dispatched on or about Friday, 26 July 2024 or Saturday, 27 July 2024,” said the company.
In an exchange filing, Bajaj Finserv said, “This is to inform you that Shri Madhur Bajaj (DIN: 00014593), has expressed his willingness to step down from the Company on account of health reasons. He has informed that he will not be offering himself for re-election at the ensuing annual general meeting. Accordingly, he will cease to be Non-Executive Director of the Company at the ensuing annual general meeting scheduled to be held on Wednesday, 24 July 2024 (close of business hours). The Board of Directors, at its Meeting held today, took note of the above and placed on record its sincere appreciation for Shri Madhur Bajaj’s valuable service and contribution during his long association with the company.”