Bajaj Finance on May 16 reported a 50 per cent jump in its standalone net profit at Rs 1,114 crore for the last quarter of the fiscal ended March 2019. The company had registered a net profit of Rs 743 crore in the corresponding quarter a year ago.
The continued growth of the market leader in consumer finance in India augurs well for the company. It also indicates, in a way, that their is growth in the urban and semi urban sectors in India.
New loans booked increased 53 per cent to 5.83 million from 3.80 million. Total operating expenses to net interest income stood at 34.58 per cent YoY against 39.47 per cent.
The continued growth of the market leader in consumer finance in India augurs well for the company. It also indicates, in a way, that their is growth in the urban and semi urban sectors in India.
Bajaj Finance - Posts Robust Growth Numbers
(Source : Economic Times)
New loans booked increased 53 per cent to 5.83 million from 3.80 million. Total operating expenses to net interest income stood at 34.58 per cent YoY against 39.47 per cent.
Bajaj Finance is 16 times in the past 5 years
(Source : www.nseindia.com)
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