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

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