Bajaj Finance Q1 consolidated profit soars 81%

NEW DELHI: Bajaj Finance on Thursday saw an 81.40 per cent YoY jump in consolidated net profit at Rs 835.89 crore for the quarter through June.

The corresponding number was Rs 460.91 crore in the previous year.

Consolidated revenue jumped to Rs 3,936.45 crore during the quarter under review, from Rs 2,832.85 crore a year earlier.


Asset under management (AUM) swelled 35 per cent YoY to Rs 93,314 crore. However, standalone AUM increased 25 per cent to Rs 86,042 crore.

Provision coverage ratio stood at 69 per cent as of June-end.

Gross non-performing assets (GNPAs) and net NPA came in at 1.39 per cent and 0.44 per cent, respectively, for April-June.

The stock dropped 2.70 per cent to Rs 2,420 soon after the results.