Bajaj Finance has reported unaudited results for the first quarter ended June 30, 2011.
The company’s profit for the quarter ended June 30, 2011 rose 94.12% at Rs 90.81 crore as compared to Rs 46.78 crore for the corresponding quarter last year. Its total income has grown by 52.15% at Rs 449.67 crore for the quarter under review from Rs 295.54 crore for the same quarter last year.
Bajaj Finance was incorporated with the main object of financing of two-wheelers and three-wheelers manufactured by Bajaj Auto. Over the years, the company has added more lending products to its portfolio and is now a diversified consumer and small business lending company. The company currently offers six lending products.
