Bajaj Fin hits new high on highest ever quarterly PAT of Rs 1,614 cr in Q3

For the quarter under review, the NBFC logged a consolidated net interest income of Rs 4,537 crore, a rise of 42%, from Rs 3,206 crore reported in the December quarter of the previous fiscal.

Shares of Bajaj Finance surged 4 per cent, to hit a high of Rs 4,383.05, also its fresh lifetime high, on the BSE on Wednesday after the non-banking finance company (NBFC) reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20 (Q3FY20), a jump of 52 per cent year-on-year (YoY) from a net profit of Rs 1,059.56 crore (Q3FY19).

At 2:14 pm, the stock was quoting Rs 4,380.25, up 3.97 per cent, as against a 0.76 per cent rise in the benchmark S&P BSE Sensex. A total of 3.17 millino shares have