'Bajaj Finance has posted
14% growth in the net profit to Rs 3911.98 crore for the quarter ended June
2024 (Q1FY2025). Income from operations on a consolidated basis increased 30% to
Rs 14049.18 crore, while other income jumped 22% to Rs 2053.13 crore. Total
income moved up 29% to Rs 16102.31 crore in the quarter ended June 2024.
Interest expenses
rose at higher pace of 39% to Rs 5683.86 crore. NII of the company galloped 25%
to Rs 8365.32 crore in Q1FY2025.
Operating expenses
increased 21% to Rs 3271.13 crore, allowing the operating profit to jump 25% to
Rs 7147.32 crore. Depreciation moved up 28% to Rs 199.81 crore, while loan loss
provisions increased 69% to Rs 1684.68 crore in Q1FY2025.
PBT increased 16% to
Rs 5262.83 crore. Effective tax rate rose to 25.7% in Q1FY2025 from 24.5% in
Q1FY2024. Net Profit of the company moved up 14% to Rs 3909.46 crore in the
quarter ended June 2024. The share of P&L of associate was at Rs 2.52 cr...
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