Bajaj Finance Proposes Dividend Of Rs 56 Per Share

Bajaj Finance Ltd. recommended a dividend of Rs 56 per share at a face value of Rs 2 each for the financial year ended March 31, 2025, according to an exchange filing on Tuesday.

The dividend includes an interim dividend of Rs 12 apiece and a final dividend of Rs 44 per share. The company is set to pay its shareholders Rs 3,480 crore in dividends.

The board of directors approved the special interim dividend of Rs 12 per equity share, received from the exceptional gain achieved through the sale of investment in Bajaj Housing Finance following its IPO listing in September 2024, according to the investor presentation.

Bajaj Finance reported a 16% increase in its consolidated net profit for the March quarter, falling short of analysts' expectations.

The non-banking financial company recorded a net profit of Rs 3,940 crore during the period. This was below the Rs 4,230 crore profit estimated by Bloomberg analysts.

Meanwhile, the net interest income for the March quarter rose by 21% to Rs 8,910 crore, compared to Rs 7,340 crore in the same quarter last year.

Shares of Bajaj Finance closed flat at Rs 9,093 apiece on the NSE, compared to a 0.03% fall in the benchmark Nifty 50. The stock has risen 33.20% in the last 12 months and 33.27% on a year-to-date basis.

Out of 39 analysts tracking the company, 28 have 'buy' rating on the stock, five recommend 'hold' and as many suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 0.3%.