Bajaj Finance has reported 27 per cent growth in fourth quarter net profit.
'The Pune-based NBFC’s net profit stood at ₹231 crore in the reporting quarter against ₹182 crore in the same period last year.
Total income stood at ₹1,445 crore, up 31 per cent over ₹1,099 crore in the same period last year.
For the full year, Bajaj Finance posted a 25 per cent growth in net profit at ₹898 crore, against ₹719 crore in the same period last year.
Total income rose 33 per cent to ₹5,418 crore (₹4,074 crore).
As of March 31, 2015, gross and net NPAs stood at 1.51 per cent and 0.45 per cent respectively, and the provisioning coverage ratio was at 71 per cent.
At an extra-ordinary general meeting held on Wednesday, shareholders approved issuance of 9,25,000 warrants on preferential basis to the promoter, Bajaj Finserv, at an issue price of ₹4,412 a warrant.