InvestorQ : How did Bajaj Finance report such stellar numbers for the June 2022 quarter?
rhea Babu made post

How did Bajaj Finance report such stellar numbers for the June 2022 quarter?

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Riya Dwivedi answered.
3 weeks ago
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For the June 2022 quarter, Bajaj Finance reported record net profits of Rs2,596 crore, up nearly 150% on a yoy basis. The company witnessed brisk loan growth leading to a 38% growth in Q1Fy23 revenues at Rs9,283 crore. Interest income was up 33% at Rs7,920 crore helped by 60% growth in new loans and 30% growth in AUM. Gross NPAs fell from 2.96% to 1.25% yoy.

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