Bajaj Finserv Ltd.

Bajaj Finserv has announced the results for the quarter ended December 31, 2011.

The company has posted a net profit of Rs 170 crore for the quarter ended December 2011, up 59% from Rs 107 crore in the corresponding year-ago period. Its total income has increased by 55.41% to Rs 603 crore for the quarter under review from Rs 388 crore for the similar quarter of the previous year.

Bajaj Finserv is engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, BFS is also active in wind-energy generation.