Bajaj Finance Sees Net Profit Jump 14%, NII At ₹8,365 Cr

Category: Finance

Bajaj Finance reported a consolidated net profit of ₹3,911.98 crore for the quarter ended June, marking a 14% increase year-on-year. Net interest income rose by 24% to ₹8,366 crore. The company's gross NPA slightly increased to 0.86%, while net NPA rose to 0.38%. Assets under management grew by 31% to ₹3.54 lakh crore, and the deposits book increased by 26% to ₹62,774 crore. The share price fell by 2.28% to ₹6,727.10.

Keywords: Bajaj Finance, earnings report, net profit

Source: Benzinga

Update At: 7/24/2024

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