Net profit rises 22.4% to Rs 3,639 crore| Trending Viral hub

Indian non-banking finance company (NBFC) Bajaj Finance on Monday reported a smaller-than-expected 22.4% rise in its third-quarter profit as it set aside more money for bad loans.

The company’s consolidated profit after tax rose to 3,639 crore rupees (about $438 million) in the three months to December 31, missing analysts’ average estimate of 3,756 crore rupees, according to data of LSEG.

The consolidated figures include the businesses of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.

First published: January 29, 2024 | 17:01 IS

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