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Bajaj Finance Ltd Q2FY24; 28% 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.

Financial Results:

Bajaj Finance Ltd reported Revenues for Q2FY24 of ₹13,378.00 Crores up from ₹9,970.00 Crore year on year, a rise of 34.18%.

Total Expenses for Q2FY24 of ₹8,625.00 Crores up from ₹6,222.00 Crores year on year, a rise of 38.62%.

Consolidated Net Profit of ₹3,551.00 Crores up 27.69% from ₹2,781.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹58.60, up 27.59% from ₹45.93 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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