Bajaj Finance’s consolidated internet revenue for third quarter rose by an enormous 85 per cent
Bajaj Finance Restricted on Tuesday recorded an enormous 85 per cent soar in its consolidated internet revenue at Rs 2,125 crore for the third quarter interval of present fiscal, in comparison with Rs 1,146 crore it had reported through the corresponding interval of final yr.
The corporate’s internet curiosity revenue (NII) for the December quarter of 2021-22 went up by 40 per cent to Rs 6,000 crore as in opposition to Rs 4,296 crore recorded within the corresponding interval of final fiscal.
Below asset high quality, gross non performing property (NPA) and internet NPAs of the corporate on the finish of December quarter stood at 1.73 per cent and 0.78 per cent respectively, as in opposition to 2.45 per cent and 1.10 per cent within the earlier September quarter.
The corporate has booked new loans at 7.44 million through the third quarter, larger than 6.04 million within the year-ago interval.
Property below administration (AUM) through the reporting quarter grew by 26 per cent to Rs 1.8 lakh crore as of December, 31, 2021 from Rs 1.43 lakh crore of the corresponding interval of final yr.
In the meantime, core AUM development within the third quarter of the present fiscal was at Rs 14,700 crore.
