Bajaj Finance L Q1 net profit up 34.90% at Rs 1124.73 cr
25/07/2019 13:00
The company reported standalone net profit of Rs 1,124.73 crore for the quarter ended June 30, 2019 as compared to Rs 833.73 crore in the same period last year, registering a year-on-year growth of 34.90 per cent.

Net revenue of the company rose substantially by 39.73 per cent at Rs 5,297.78 crore in April-June quarter of this fiscal as against Rs 3,791.34 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 45.05 per cent to Rs 1,707.11 crore from Rs 1,176.95 crore in year ago period.

Other Income grew by 44.95 per cent at Rs 7.03 crore versus (Jun'18 Rs 4.85 crore).

Operating Profit surged by 37.34 per cent to Rs 3,590.67 crore as against Rs 2,614.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.71 per cent in June quarter.

Interest grew by 38.87 per cent y-o-y to Rs 1,797.19 crore, while Taxation increased by 33.86 per cent at Rs 619.31 crore (Jun'18 Rs 462.64 crore).