Bajaj Finance Q1 results declared

The Board of Directors of Bajaj Finance Limited in their meeting on Wednesday took on record the unaudited financial results of the company for the quarter ended June 30.

Bajaj Finance reported assets under management (AUM) of Rs 35,557 cr and its highest ever quarterly profit after tax of Rs 276 cr – a growth of over 31% over corresponding quarter of previous year.

Rajeev Jain, the managing director at Bajaj Finance Limited, said that the company has been recognised 2nd best financial service company to work with for India in 2014-15.

Highlights

– Profit after Tax for Bajaj Finance for FY16 Q1 has jumped 31% to INR 276 cr (INR 211 cr in FY15 Q1) on the back of robust customer acquisition at 37% to 17.19 Lakhs (12.52L in FY15 Q1) generating 33 % higher total income for FY16 Q1 at INR 1,656 cr as compared to INR 1,246 cr during FY15 Q1.

–  FD book stands at INR 1,119 cr as on June 30 2015. The book built in last 18 months represents the liabilities strength of Bajaj Finance brand.

–    Net NPA at 0.55% as on June 30, 2015 is amongst the lowest in the industry.

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