Bajaj Finance Q3 results: Net profit jumps 22% to Rs 3,639 crore, revenue rises 31%

Bajaj Finance Ltd on Monday reported a year-on-year growth of 22.40% in consolidated net profit to Rs 3,638.95 crore for the December 2023 quarter (Q3 FY24). Its operating income grew 31.28% to Rs 14,161.09 million during October-December 2023 as compared to Rs 10,787.25 million in the same period last year.

In the same period last year, its net profit was 29.73 billion rupees.

Bajaj Finance’s assets under management (AUM) grew 35% to Rs 3,10,968 crore in Q3FY24 as compared to Rs 2,30,842 crore a year ago. Its net interest income rose 29% to 7,655 billion rupees from 5,922 billion rupees a year ago.