Business Standard

Bajaj Finance sees best day in over 1.5 years as profit more than doubles

Shares of Bajaj Finance jumped as much as 9 per cent on Thursday, their biggest intraday gain since November 2020

Bajaj Finance

Bajaj Finance

Reuters BENGALURU
BENGALURU (Reuters) - Shares of India's Bajaj Finance jumped as much as 9% on Thursday, their biggest intraday gain since November 2020, a day after it reported that its June-quarter profit more than doubled on growth across segments and lower bad loan provisions.
The non-banking finance company on Wednesday reported consolidated profit after tax of 25.96 billion rupees ($325.37 million), while its assets under management grew by 28% to 2.04 trillion rupees.
($1 = 79.7850 Indian rupees)
 
(Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jul 28 2022 | 12:36 PM IST

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