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Bajaj Finance Ltd Q1FY24; 32% rise in Profits.

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.(Source : 202003 Annual Report Page No:124)

Financial Results:

Bajaj Finance Ltd reported Revenues for Q1FY24 of ₹12,498.00 Crores up from ₹9,284.00 Crore year on year, a rise of 34.62%.

Total Expenses for Q1FY24 of ₹7,953.00 Crores up from ₹5,782.00 Crores year on year, a rise of 37.55%.

Consolidated Net Profit of ₹3,437.00 Crores up 32.4% from ₹2,596.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹56.77, up 32.39% from ₹42.88 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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