Bajaj Finance surges on robust Q2 earnings

Standalone net profit grew 42% to Rs 279.4 crore for the quarter ended September 2015

Image
SI Reporter Mumbai
Last Updated : Oct 20 2015 | 2:14 PM IST
Shares of Bajaj Finance were up over 5% at Rs 5,280 on the BSE after the company reported 42% growth in standalone net profit at Rs 279.4 crore for the quarter ended September 2015 compared with Rs 197 crore in the corresponding quarter last fiscal.

Other income during the September 2015 quarter was higher at Rs 20.6 crore compared with Rs 9.6 crore in the same quarter last fiscal.

Income from operations during the quarter under review increased 36% to Rs 1,592 crore compared with Rs 1,170 crore in the quarter ended September 2014.

Also Read

The stock opened at Rs 5,036 and touched a high of Rs 5,297. At 2:12pm, over 244,000 shares were traded on both the stock exchanges.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 20 2015 | 2:13 PM IST

Next Story