Bajaj Finance Ltd: Q1FY18 Results
DSIJ Intelligence / 20 Jul 2017
The company registered NII growth of 23.3% QoQ to Rs 2072.52 crore for the first quarter of FY2017-18.
Bajaj Finance Ltd reported its financial results for the quarter ended June 30, 2017.
The company registered NII growth of 23.3% QoQ to Rs 2072.52 crore for the first quarter of FY2017-18.
The company's net profit for the quarter increased 34% QoQ to Rs 602 crore.
Its AUM as on June 30, 2017 increased by 39% to Rs 68,883 crore from Rs 49,608 crore.
The company's GNPAs and NNPAs stood at 1.7% and 0.53%, respectively as on June 30, 2017 and its capital adequacy ratio stood at 20.30%
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian non-banking finance company (NBFC). The company deals in consumer finance, SME finance, commercial lending and wealth management.
The stock is trading at Rs 1577.95, previous close at Rs. 1543.00.