Bajaj Finance Q1 Net Up 30 Per cent At Rs 276 Crore

Posted By: Staff
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New Delhi, Jul 22 (PTI) Non-banking finance company Bajaj Finance Ltd today reported 30.40 per cent jump in its net profit at Rs 275.63 crore for the first quarter ended June 30.

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Bajaj Finance Q1 Net Up 30 Per cent At Rs 276 Crore
Bajaj Finance: Quotes, News
BSE 1686.25BSE Quote1.35 (0.08%)
NSE 1684.75NSE Quote2.6 (0.15%)

The Pune-based company had reported net profit of Rs 211.36 crore in the corresponding period a year ago.

Bajaj Finance's total income from operations stood at Rs 1,646.21 crore in the quarter under review, up 32.37 per cent compared with Rs 1,243.61 crore in the same period last year, the company said in a BSE filing.

During the quarter, company's gross non-performing assets (NPA) were at 1.69 per cent of total advances and net NPA were at 0.55 per cent.

Shares of Bajaj Finance were trading at Rs 5,159.35, up 0.94 per cent on BSE. 


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