BENGALURU: Bajaj Finance reported a smaller-than-expected rise in second-quarter profit on Tuesday as provisions for bad loans increased.
The company’s consolidated profit after tax rose nearly 28% to 35.51 billion rupees ($430.8 million) in the three months ended September 2023, beating the average analyst estimate of 35.85 billion rupees (according to LSEG- data) was not achieved.
The consolidated figures include the operations of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.
($1 = 83.2145 Indian rupees)
The company’s consolidated profit after tax rose nearly 28% to 35.51 billion rupees ($430.8 million) in the three months ended September 2023, beating the average analyst estimate of 35.85 billion rupees (according to LSEG- data) was not achieved.
The consolidated figures include the operations of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.
($1 = 83.2145 Indian rupees)
