Bajaj Finance Ltd.’s consolidated net profit increased by 16% in the quarter ending March, falling short of analysts’ expectations. The non-banking financial company reported a net profit of Rs 3,940 crore for the March quarter. Analysts polled by Bloomberg had estimated the profit after tax to be Rs 4,230 crore.
Meanwhile, net interest income rose by 21% in the March quarter, reaching Rs 8,910 crore compared to Rs 7,340 crore in the same period last year.
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