Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore

The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period

Bajaj Finance
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Shares of the lender closed at Rs 7,429.25, up 0.69 per cent from previous days’ close

Subrata Panda Mumbai
Consumer financier Bajaj Finance booked its highest-ever quarterly consolidated net profit in July-September (Q2FY23) quarter, backed by healthy growth in net interest income (NII) and lower loan loss provisions. Its net profit for the quarter jumped 88 per cent YoY to Rs 2,781 crore, compared to Rs 1,481 crore in the year-ago period.

NII of the lender grew 31 per cent YoY to Rs 7,001 crore in Q2FY23 compared to Rs 5,337 crore in the year-ago period, on the back of a strong growth in assets under management (AUM). AUM of the lender was up 31 per cent YoY to

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First Published: Oct 20 2022 | 7:07 PM IST

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