Bajaj Finance Records 85% Jump In Third Quarter Profit At Rs 2,125 Crore

Bajaj Finance Limited on Tuesday recorded an enormous 85 per cent leap in its consolidated internet revenue at Rs 2,125 crore for the third quarter interval of present fiscal, in comparison with Rs 1,146 crore it had reported in the course of the corresponding interval of final yr.The firm's internet curiosity revenue (NII) for the December quarter of 2021-22 went up by 40 per cent to Rs 6,000 crore as towards Rs 4,296 crore recorded within the corresponding interval of final fiscal. Under asset high quality, gross non performing property (NPA) and internet NPAs of the corporate on the finish of December quarter stood at 1.73 per cent and 0.78 per cent respectively, as towards 2.45 per cent and 1.10 per cent within the earlier September quarter.The firm has booked new loans at 7.44 million in the course of the third quarter, increased than 6.04 million within the year-ago interval.Assets underneath administration (AUM) in the course of the reporting quarter grew by 26 per cent to Rs 1.8 lakh crore as of December, 31, 2021 from Rs 1.43 lakh crore of the corresponding interval of final yr.Meanwhile, core AUM progress within the third quarter of the present fiscal was at Rs 14,700 crore.