Bajaj Auto Finance Q4 net up 67% to Rs 25 cr

Bajaj Auto Finance today reported a 67.26 per cent jump in net profit to Rs 25.19 crore for the quarter ended March 31, 2010.

The company had reported a net profit of Rs 15.06 crore in the corresponding period of 2009, Bajaj Auto Finance said in a statement.

Total income during the fourth quarter of the last fiscal also increased by 44.94 per cent to Rs 252.76 crore from Rs 174.39 crore in the corresponding period of the previous year, it added.

For the entire 2009-10 fiscal, the Bajaj group company's net profit rose over twofold to Rs 89.41 crore, compared to Rs 33.92 crore in the previous fiscal.

Total income for FY10 stood at Rs 9,100.6 crore, up 53 per cent from Rs 594.81 crore in FY09, the statement said.

"The company's outlook for FY11 is robust, aided by a strong macro economic recovery. The company is entering FY11 with a healthy balance sheet and a diversified product portfolio positioning it for a stronger year," it added.