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Bajaj Finance has reported a 60.5% year-on-year (YoY) increase in net profit at Rs.720.95 crore for the quarter ending March 31, 2018.
Last year in the same quarter, it had reported a net profit of Rs.449 crore. Net interest income (NII) for the quarter under review came to Rs.2,365 crore, up 40% YoY from Rs.1,686 crore in the corresponding quarter last year.
The company’s asset under management (AUM) as on March 31,2018 increased 33.6% YoY to Rs.80,444 crore. Provision coverage ratio (PCR) improved to 75%, as against 68% a year ago period. Further, the company’s board has also recommended a dividend of Rs.4 per equity share of face value Rs.2, subject to shareholder approval.
