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Bajaj Finance reports net rise of 36% for Q4 to Rs 315 crore

On Tuesday, Bajaj Finance has reported a net rise of 36.4 percent in its standalone net profit to Rs 315.04 crore for the fourth quarter ended March 31, 2015-16.

In the corresponding quarter of January-March 2014-15, its net profit stood at Rs 230.98 crore.

Bajaj Finance has said in a BSE filing that “the total income has increased to Rs 1,957.45 crore for the quarter from Rs 1,445.05 crore for the same quarter a year ago.”

According to company, its loan losses and provisions for the quarter increased by 37 percent to Rs 156 crore as compared to Rs 114 crore a year ago.

An additional provision of Rs 43.9 crore has also been made by it in one of its infrastructure lending account.

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