Bajaj Finance on Thursday reported its highest-ever quarterly consolidated net profit to ₹1,195 crore during the first quarter ended June 30, an increase of 43% from the year-ago period.
Total income (consolidated) rose 47% to ₹5,808 crore during the June quarter of 2019-20, Bajaj Finance Ltd. (BFL) said in a release.
On a standalone basis, the net profit in the quarter increased 35% to ₹1,125 crore. Income jumped 40% to ₹5,305 crore.
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The net interest income for the quarter grew 43% to ₹3,695 crore.
The company’s consolidated asset under management at the end of June 2019 grew 41% to ₹1.29 lakh crore.
“During the quarter, the company has established a secured euro medium-term note programme for value of $1.5 billion on the Singapore Stock Exchange which it plans to raise in the near future. This will help the company further diversify and strengthen its liability profile,” Bajaj Finance Ltd. said.
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