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Bajaj Finance Q1 results: 32% rise in net profit to Rs 3,437 crore
Jul 26, 2023
On July 26, Bajaj Finance reported a 32.4% increase in its consolidated net profit for the first quarter of the current financial year, to Rs 3,436.89 crore, exceeding brokerages' expectations of Rs 3,287 crore.
The non-banking financial company declared a net profit of Rs 2,596 crore during the same time previous year.
The company's gross non-performing assets (NPA) ratio for the April-June quarter was 0.87%, down from 0.94% in the previous quarter and 1.25% in the same time last year.
The non-banking financing company's net NPA ratio was reported at 0.31% in the quarter, down from 0.34% in the previous quarter and 0.51% in the previous year.
Source: Media Reports
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