Earnings: Bajaj Finance Q3 profit rises 33 percent
Bajaj Finance Ltd today reported a 33 percent rise in its standalone net profit at Rs 258.38 crore for the third quarter ended 31 December, 2014.
New Delhi: Bajaj Finance Ltd today reported a 33 percent rise in its standalone net profit at Rs 258.38 crore for the third quarter ended 31 December, 2014.
The company had posted a net profit of Rs 194.14 crore in the corresponding quarter of 2013-14.
"Total income has increased from Rs 1,081.5 crore for the quarter ended December 31, 2013, to Rs 1,485.39 crore for the quarter ended 31 December, 2014," it said in a filing to the BSE.
Company's income from operations rose to Rs 1,416.43 crore, from Rs 1,027.02 crore a year ago.
Bajaj Finance, which is promoted by Bajaj Finserv Ltd, is primarily in the business of financing.
Shares of the company ended the day 8.18 percent higher at Rs 3,765.75 per piece on the BSE.
Federal Bank today reported 15 percent jump in net profit at Rs 265 crore for October-December period on the back of growth in retail, SME portfolio and improvement in other income.