Bajaj Finance’s Q1 results show a profit increase


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In comparison to the same quarter previous year, the June quarter’s consolidated net profit for Bajaj Finance increased by 159% year over year (YoY), reaching Rs 2,596 crore, the highest amount ever. The amount was more than the estimated net profit of Rs 2,327 crore that analysts had given in an ET NOW poll.

According to the NBFC, net interest income increased 48% YoY to Rs 6,638 crore from Rs 4,489 crore in the same period previous year. According to the NBFC, new loans booked for the period increased by 60% to 7.42 million from 4.63 million in the corresponding quarter last year.

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