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( 29 Jan 2019)
Bajaj Finance L Q3 net profit up 33.37% at Rs 1022.73 cr

The company reported standalone net profit of Rs 1,022.73 crore for the quarter ended December 31, 2018 as compared to Rs 766.81 crore in the same period last year, registering a year-on-year growth of 33.37 per cent.

Net revenue of the company rose substantially by 31.75 per cent at Rs 4,664.77 crore in October-December quarter of this fiscal as against Rs 3,540.63 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 25.83 per cent to Rs 1,471.50 crore from Rs 1,169.43 crore in year ago period.

Other Income grew by 210.90 per cent at Rs 8.27 crore versus (Dec'17 Rs 2.66 crore).

Operating Profit surged by 34.67 per cent to Rs 3,193.27 crore as against Rs 2,371.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.22 per cent in December quarter.

Interest grew by 34.85 per cent y-o-y to Rs 1,578.95 crore, while Taxation increased by 37.26 per cent at Rs 561.97 crore (Dec'17 Rs 409.41 crore).