The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL), Bajaj Financial Securities (BFinsec) and its associate company, Snapwork Technologies.
The growth in consolidated profit was due to one time reversal of deferred tax liability of Rs 73 crore in Q1 FY24.
Operating expenses rose 21.61% to Rs 3,471 crore in the third quarter as compared with Rs 2,854 crore posted in the corresponding quarter last year.
Net interest income jumped 24.54% to Rs 8,365 crore for Q1 FY25 from Rs 6,717 crore in Q1 FY24. Operating expenses to net interest income for Q1 FY25 was 33.3% as against 34% in Q1 FY24.
Loan losses and provisions during the quarter amounted to Rs 1,685 crore (up 69.34% YoY).
Profit before tax in Q1 ...
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