Bajaj Finance Q1 net surges 42% to Rs 602 cr on robust growth in core biz

Company's total income for April-June quarter was Rs 3,165 cr, up 39% from Rs 2,282 cr in 2017

Bajaj Finance has posted a sharp rise in profit in the quarter ended June on an increase in net interest income (NII) and growth in assets under management (AUM).

The non-banking finance company’s net profit during the quarter rose 42 per cent to Rs 602 crore from Rs 424 crore in the same period a year ago. Total income was Rs 3,165 crore, a 39 per cent rise from Rs 2,282 crore in the same quarter last year.

The NII increased 49 per cent, year on year, to Rs 2,087 crore from Rs 1,399 crore. Interest earnings rose 39 per