Bajaj Finance reported a 17% year-on-year increase in its consolidated net profit for the third quarter of the financial year, reaching Rs 4,246 crore. This result met analysts’ expectations, with Bloomberg’s consensus estimate pegging the profit at Rs 4,200 crore. The company also saw a 23% rise in its net interest income to Rs 9,382 crore, compared to Rs 7,655 crore in the same quarter of 2023. Provisions also rose by 64%, totalling Rs 2,043 crore, compared to Rs 1,248 crore in the same quarter in 2023. The company’s gross non-performing assets (NPA) stood at 1.12%, slightly up from 1.06% in the previous quarter. The net NPA increased marginally to 0.48%, compared to 0.46% in the previous quarter.
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