Bajaj Finserv reports 22% fall in Q4 consolidated net profit

Bajaj Finserv has reported results for fourth quarter and year ended March 31, 2014 The company has reported a net profit of Rs 10.57 crore for the quarter ended March 31, 2014 as compared to a net loss of Rs 17.28 crore for the same quarter in the previous year. However, total income of the company decreased by 34.22% at Rs 18.03 crore for quarter under review as compared to Rs 27.41 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 22.48% fall in its net profit at Rs 707.63 crore for the quarter ended March 31, 2014 as compared to Rs 912.86 crore for the same quarter in the previous year. However, total income of the company has increased by 1.70% at Rs 2050.89 crore for quarter under review as compared to Rs 2016.42 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 64.02% in its net profit at Rs 83.39 crore as compared to Rs 50.84 crore for the same period in the previous year. Total income of company improved by 3.31% at Rs 157.30 crore for year under review as compared to Rs 152.25 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 1.87% in its net profit at Rs 1544.08 crore as compared to Rs 1573.64 crore for the same period in the previous year. However, total income of company has increased by 18.76% at Rs 6024.99 crore for year under review as compared to Rs 5073.18 crore in the previous fiscal.