BENGALURU: Bajaj Finance reported a smaller-than-expected rise in second-quarter profit on Tuesday, as provisions for bad loans increased.
The company’s consolidated profit after tax rose nearly 28% to 35.51 billion rupees ($430.8 million) in the three months ended September 2023, missing analysts’ average estimate of 35.85 billion rupees, according to LSEG data.
Consolidated numbers include the businesses of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.
($1 = 83.2145 Indian rupees)
The company’s consolidated profit after tax rose nearly 28% to 35.51 billion rupees ($430.8 million) in the three months ended September 2023, missing analysts’ average estimate of 35.85 billion rupees, according to LSEG data.
Consolidated numbers include the businesses of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.
($1 = 83.2145 Indian rupees)