Bajaj Finance Q1 net up 43% to Rs 1,195 crore on higher interest income

Financial services company Bajaj Finance reported a 43 per cent growth in its consolidated net profit at Rs 1,195 crore in the April-June quarter (Q1) of FY20 on account of an impressive growth in interest income. In the same period last fiscal, the company’s net profit stood at Rs 836 crore.

Net interest income of the company registered a 43 per cent jump at Rs 3,695 crore. Total income of the company was up 47 per cent at Rs 5,808 crore as compared to Rs 3,938 crore in the same period last fiscal.

Loan losses and provisions of the company