Bajaj Finance Q2 Results: Cons PAT rises 13% YoY to Rs 4,000 crore, misses estimates
Bajaj Finance on Tuesday reported a 13% jump in its net profit for the quarter ended September 2024 to Rs 4,000 crore versus Rs 3,551 crore posted in the year-ago period. The profit is attributable to the owners of the company.
It was below ET Now poll estimates of Rs 4,070 crore.
The revenue from operations for the reported quarter stood at Rs 17,090 crore, up 28% over Rs 13,382 crore posted in the corresponding quarter of the previous financial year.
The net interest income (NII) increased by 23% in Q2FY25 to Rs 8,838 crore from Rs 7,196 crore in Q2FY24.
Number of new loans booked grew by 14% in Q2FY25 to 9.69 million as against 8.53 million in Q2FY24.
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