 "Bajaj Finance gains post Q3 results")
Bajaj Finance gained 6% to Rs 1,053 on the BSE after the company reported a healthy 36% year on year (YoY) jump in net profit at Rs 556 crore for the quarter ended December 2016 (Q3FY17), on back of healthy growth net interest income.
The company’s net interest income (interest earned minus interest expended) rose 33% to Rs 1,749 crore in Q3FY17 from Rs 1,320 crore in the corresponding quarter of previous fiscal.
Asset quality improved on sequential basis as gross non-performing assets (NPA) as a percentage of gross advances improved to 1.47% in Q3 from 1.58% in
The company’s net interest income (interest earned minus interest expended) rose 33% to Rs 1,749 crore in Q3FY17 from Rs 1,320 crore in the corresponding quarter of previous fiscal.
Asset quality improved on sequential basis as gross non-performing assets (NPA) as a percentage of gross advances improved to 1.47% in Q3 from 1.58% in
