Bajaj Finance sees Q2FY18 NII dip 4.5% sequentially
Arpita Thakur / 16 Oct 2017
Bajaj Finance Ltd registered an NII de-growth for the quarter of 4.5% qoq to Rs. 1,942.4 crores. The company's net profit for the quarter decreased by 7.5% qoq to Rs. 557 crores.
Bajaj Finance Ltd registered an NII de-growth for the quarter of 4.5% qoq to Rs. 1,942.4 crores.
The company's net profit for the quarter decreased by 7.5% qoq to Rs. 557 crores.
Its AUM as on September 30, 2017 increased by 5% qoq to Rs.72,139 crores from Rs. 68,883 crores.
The GNPA and NNPA stood at 1.68% and 0.51% as on September 30, 2017 and its capital adequacy ratio stood at 25.42%.
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Non-Banking Financial Company (NBFC). The company deals in Consumer Finance, SME (Small and Medium-sized Enterprises), Commercial Lending, and Wealth Management.
The stock opened at Rs. 1,969 and was trading at Rs. 1,927.3 (at 1400 hours) after touching an intraday high of Rs. 1,972.45.