Business Standard

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Bajaj Finance
Premium

Asset quality has shown improvement, with gross NPAs at the end of Q3FY23 at 1.14 per cent

Subrata Panda
Consumer financier Bajaj Finance reported its highest ever quarterly profit at Rs 2,973 crore in the October-December quarter (Q3) of FY23, up 40 per cent year on year (YoY). The performance was aided by a healthy rise in net interest income (NII) and drop in provisions and contingencies.

The lender's NII rose by 24 per cent YoY to Rs 7,435 crore in the same period, as it booked about 7.84 million loans, its highest-ever in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 27 2023 | 7:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com