Bajaj Finance shares climb over 2% after co reports 159% jump in Q1 profit

Shares of Bajaj Finance on Wednesday went up by over 2 per cent after the company reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter.

The stock gained 2.14 per cent to settle at Rs 6,393.75 apiece on the BSE. During the day, it climbed 2.71 per cent to Rs 6,429.90.

On the NSE, it advanced 2.29 per cent to Rs 6,408 apiece.

Bajaj Finance Ltd on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter, helped by robust income due to brisk loan growth.

The company had reported a net profit of Rs 1,002 crore in the year-ago period.

Total income rose by 38 per cent to Rs 9,283 crore during the June quarter as against Rs 6,743 crore in corresponding quarter last year, Bajaj Finance said in a regulatory filing on Wednesday.