Money & Banking

Bajaj Finance Q1 net up 53% at Rs 139 cr

Our Bureau Mumbai | Updated on July 17, 2012

Bajaj Finance Ltd has reported a 53 per cent growth in net profit at Rs 139 crore for the June ended quarter from Rs 91 crore in the year ago period.

Net interest income (difference between interest earned and interest expended) during the quarter rose by 41 per cent at Rs 439 crore from Rs 311 crore in the same quarter last year.

Net non-performing assets (NPAs) were down at 0.10 per cent (0.46 per cent in Q1FY12).

Total assets under management (AUM) stood at Rs 14,485 crore as compared with Rs 9,025 crore in the quarter last fiscal. Ratio of secured to unsecured loans was unchanged from last year's June quarter at 84:16.

The shares of the company ended higher by 0.75 per cent at Rs 971.90 per share on the Bombay Stock Exchange.

Published on July 17, 2012

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