Bajaj Finserv on Wednesday posted a 10 per cent rise in its consolidated profit after tax (PAT) to Rs 2,138 crore for the first quarter of the current financial year 2024-25. Its consolidated total income during April-June 2024 jumped 35 per cent to Rs 31,480 crore, compared with Rs 23,280 crore in the year-ago period.
Bajaj Finserv’s consolidated PAT had stood at Rs 1,943 crore in the corresponding period last year, according to a BSE filing.
Also, Bajaj Finance’s consolidated PAT rose 14 per cent to Rs 3,912 crore during the June 2024 quarter, compared with Rs 3,437 crore a year ago.
India’s largest non-banking finance company’s April-June net interest income (NII) grew 25 percent on-year to Rs 8,365 crore.
The company has resumed sanction and disbursal of loans under ‘eCOM’ and ‘lnsta EMI Card’ and issuance of EMI cards after the RBI removed the restrictions on these businesses on 2 May 2024, it said.
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