The company had registered net profit (profit after tax) of Rs 167 crore in the same period a year ago.
Total income of the company rose 29% during July-September quarter to Rs 1,242 crore from Rs 964 crore a year ago, it said in a filing to the BSE.
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Gross NPA and net NPA (non-performing assets or bad loans) for Q2 FY15 stood at 1.41% and 0.48%, respectively as of September 30, 2014.
"The company continues to provide for loan losses in excess of RBI requirements. The portfolio remained healthy," it said.
Bajaj Finance scrips were trading 2.45% up at Rs 2,748.85 per share during afternoon session on the BSE.