Bajaj Finance consolidated net profit jumps 85% to Rs 2,125 crore in Q3

To infuse Rs 2.9k cr as equity in two subsidiaries

Bajaj Finance has reported an 85 per cent jump in consolidated net profit to Rs 2,125 crore in the October-December quarter (Q3 of FY22), beating Street estimates.

The profit was aided by a robust growth in net interest income (NII) and lower provisions. On a standalone basis, the lender reported a net profit of Rs 1,934 crore.  

Consolidated NII jumped 40 per cent to Rs 6,000 crore in the reporting quarter, compared to Rs 4,296 crore in the corresponding period of last financial year. This was driven by healthy expansion in net interest margins and lower interest income reversal for the quarter.

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