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Bajaj Finance Q1 results: Net profit surges 159% to Rs 2,596 cr

The company's assets under management grew by 28% to Rs 2.04 trillion as of June 30, 2022

Bajaj Finance
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Press Trust of India New Delhi
Bajaj Finance Ltd on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter, helped by robust income due to brisk loan growth.

The company had reported a net profit of Rs 1,002 crore in the year-ago period.

Total income rose by 38 per cent to Rs 9,283 crore during the June quarter as against Rs 6,743 crore in corresponding quarter last year, Bajaj Finance said in a regulatory filing on Wednesday.

"Customer franchise stood at 60.30 million (6.03 crore) as of June 30, 2022 as compared to 50.45 million (5.05 crore) as of June 30, 2021,

(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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