Bajaj Finance Q1 net up 53% at Rs 139 crore for quarter ended in June 2012, Latest Stock Price

Bajaj Finance Q1 net up 53% at Rs 139 crore for quarter ended in June 2012, Latest Stock Price

Bajaj Finance today said its net profit for the quarter ended June 30, 2012 expanded 53% to Rs 139 crore from Rs 91 crore a year earlier. Higher interest and fee income combined with lower loan loss provisions aided the company's earnings growth during the three-month period.

Net interest income, or the difference between interest income and interest expense, rose 41% to Rs 439 crore as the Pune-based non-banking finance company grew its loan book and increased its assets base.

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