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Bajaj Finserv reports 15% rise in Q1 consolidated net profit

26 Jul 2016 Evaluate

Bajaj Finserv has reported results for first quarter ended June 30, 2016.

The company has reported 22.59% rise in its net profit at Rs 16.66 crore for the quarter ended June 30, 2016 as compared to Rs 13.59 crore for the same quarter in the previous year. The company’s total income increased by 10.82% to Rs 43.31 crore for the quarter under review from Rs 39.08 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 15.12% rise in its net profit at Rs 537.51 crore for the quarter ended June 30, 2016 as compared to Rs 466.90 crore for the same quarter in the previous year. Total Income of the company increased by 31.65% to Rs 2911.94 crore for the quarter under review from Rs 2211.86 crore for the same quarter ended June 30, 2015.

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