Bajaj Finance Q3: The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December quarter.
Bajaj Finance
Share price of Bajaj Finance gained over 3 percent on January 30 and was the top index gainer after the NBFC reported 40 percent year-on-year (YoY) jump in its consolidated net profit at Rs 2,973 crore for the Q3FY23, largely in line with analysts’ expectations.
On a standalone basis, company’s net profit grew 36 percent to Rs 2,624 crore.
The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December quarter.
Here is what brokerages have to say about stock and the company post December quarter earnings:
