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Bajaj Finance Q2 net up 18% at Rs 197 cr

New Delhi: Bajaj Finance today reported 18 per cent rise in its net profit at Rs. 197 crore for the second quarter ended September 30, 2014.The company had registered a net profit (profit after tax)

PTI [ Updated: October 14, 2014 15:50 IST ]
bajaj finance q2 net up 18 at rs 197 cr
bajaj finance q2 net up 18 at rs 197 cr

New Delhi: Bajaj Finance today reported 18 per cent rise in its net profit at Rs. 197 crore for the second quarter ended September 30, 2014.

The company had registered a net profit (profit after tax) of Rs. 167 crore in the same period a year ago.

Total income rose 29 per cent during July-September quarter to Rs. 1,242 crore from Rs. 964 crore a year ago, the company said in a filing to the BSE.

Gross NPA and net NPA (non-performing assets or bad loans) for Q2 FY15 stood at 1.41 per cent and 0.48 per cent, respectively as of September 30, 2014.

“The company continues to provide for loan losses in excess of RBI requirements. The portfolio remained healthy,” it said.

Bajaj Finance scrips were trading 2.45 per cent up at Rs. 2,748.85 per share during afternoon session on the BSE.

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