Bajaj Finance Q1 results: Net profit rises 32% YoY to Rs 3,437 crore
Bajaj Finance announced a jump of 34.62% in revenue and 32% in profits for the quarter ending June 2023 with total revenues of Rs. 12,501 crores and a net profit of Rs. 3,437 crores, pushed higher by a 26% rise in Net Interest Income (NII) to Rs. 8,398 crores.
The number of new loans booked during the quarter grew by 34% to 9.94 million as against 7.42 million, YoY, the highest ever new loans in a quarter, Bajaj Finance said in a release.
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