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Bajaj Finance fixes June 16 as record date for 1:2 stock split, 4:1 bonus equity share

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
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Bajaj Finance fixes June 16 as record date for 1:2 stock split, 4:1 bonus equity share
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India’s largest NBFC, Bajaj Finance, has set Monday, June 16, 2025, as the record date for its 1:2 stock split and 4:1 bonus share issue. The board approved both corporate actions on April 29, alongside the company’s Q4FY25 results.

Under the stock split, there will be a sub-division of 1 equity share of face value of Rs 2 each, fully paid-up, into 2 equity shares of face value of Re 1 each, fully paid-up. Meanwhile, with the 4:1 bonus equity shares, every share investors hold as of the record date will receive an additional four shares.

The company announced the record date on Friday after market hours. Bajaj Finance shares closed at Rs 9,372 on the NSE, rising Rs 438 or 5%, boosted by a surprise 50 basis points repo rate cut by the Reserve Bank of India (RBI) following its June Monetary Policy Committee (MPC) meeting.

Also Read: Bajaj Finance shares rise 6% post RBI outcome. Why NBFC stocks will benefit more than bank stocks

Bajaj Finance’s net profit rose 19% YoY to Rs 4,546 crore in the fourth quarter, led by robust loan growth, improved margins, and stable asset quality. The net interest income during the quarter grew by 22% YoY to Rs 9,807 crore from Rs 8,013 crore posted in the year-ago period.

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Bajaj Finance’s consolidated assets under management (AUM) were up 26% to Rs 4.16 lakh crore as of March 2025, versus Rs 3.3 lakh crore a year earlierIts new loans booked during the quarter rose sharply by 36% YoY to 10.7 million, compared with 7.87 million in Q4FY24.Total income for the quarter grew 23% YoY to Rs 11,917 crore. Loan losses and provisions were higher at Rs 2,329 crore, up from Rs 1,310 crore a year ago.The customer franchise crossed a major milestone, reaching 10 crore customers as of March-end. Bajaj Finance also maintained stable asset quality with gross non-performing assets (GNPA) at 0.96% and net NPA at 0.44%.

For the full year FY25, consolidated net profit rose 16% to Rs 16,779 crore from Rs 14,451 crore last year. Pre-provisioning operating profit (PPOP) stood at Rs 30,028 crore, a growth of 24% YoY.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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