Finclusion
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Paytm
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Finclusion
No Result
View All Result
Bajaj Finance has reported a tremendous growth as its net profit rose 27.8 percent to ₹3,550.8 crore for the quarter ending September 2023.

Bajaj Finance has reported a tremendous growth as its net profit rose 27.8 percent to ₹3,550.8 crore for the quarter ending September 2023.

Bajaj Finance Q2 FY2024 result soars as net profit jumps 27.8%

October 17, 2023
in Enterprise
414 9
0
Share on FacebookShare on Twitter

Bajaj Finance, the NBFC arm of Bajaj Finserv, has announced its Q2 financial result for FY2024. The company has reported a tremendous growth as its net profit rose 27.8 percent to ₹3,550.8 crore for the quarter ending September 2023, compared to ₹2,781 crore a year ago.

The net interest income (NII) of the company increased 26.3 YoY percent to ₹8845 crore. The gross non-performing assets (NPA) and net NPA decreased to 0.91 percent and 0.31 percent respectively on a yearly basis. 

You might also like

Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

May 23, 2025
PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr. (Image source: PB Fintech website)

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr, Revenue Grows 45% to ₹4,977 Cr

May 16, 2025

The company further reported that the number of loans booked in the quarter ending September jumped 26 percent to 85.3 lakh, up from 67.6 lakh in Q2 of the previous year. Bajaj Finance’s deposits also rose by 39 percent to ₹54,800 crore while the assets under management registered a growth of 33 percent to ₹2.9 lakh crore from ₹2.1 lakh crore YoY. 

Meanwhile in another major development, Bajaj Finance has acquired a 26% stake in Pennant Technologies, a fintech firm, for Rs. 267.50 crore. The aim behind the acquisition is to strengthen the company’s technology infrastructure.

As per the information, Bajaj Finance will acquire 5,71,268 Compulsorily Convertible Preference Shares (CCPS) at a face value of ₹100 each and another 4,22,738 equity shares from promoters and existing shareholders of Pennant.

Tags: Bajaj FinanceBajaj Finance Quarterly resultBajat Finance ProfitPennant Technologies

Related Stories

Paytm Appoints Ramana Kumar as CEO for Middle East. (Image Source: Paytm)

Paytm Appoints Ramana Kumar as CEO for Middle East to Lead Global Expansion Strategy

by Finclusion
May 23, 2025
0

Fintech major Paytm has appointed Ramana Kumar as the Chief Executive Officer for its Middle East business, marking a significant...

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr. (Image source: PB Fintech website)

PB Fintech FY25 PAT Jumps 5.5x to ₹353 Cr, Revenue Grows 45% to ₹4,977 Cr

by Finclusion
May 16, 2025
0

PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a robust financial performance for FY25, with profit after tax...

The company achieved EBITDA before ESOP profitability during the quarter.

Paytm Posts ₹1,911 Cr Revenue in Q4 FY25, EBITDA Before ESOP at ₹81 Cr

by Finclusion
May 6, 2025
0

Paytm on Tuesday posted a resilient performance for the fourth quarter of FY25, reporting ₹1,911 crore in revenue—a 5% sequential...

PB Fintech's wholly owned subsidiary, PB Pay Private Limited, has received in-principle authorisation from the RBI to operate as an Online Payment Aggregator.

PB Fintech Subsidiary PB Pay Secures RBI’s In-Principle Nod for Payment Aggregator License

by Finclusion
April 17, 2025
0

PB Fintech Limited, the parent company of Policybazaar and Paisabazaar, has announced that its wholly owned subsidiary, PB Pay Private...

Next Post
Google has announced that it is rolling out new features and updates to make accomplishing daily tasks faster and easier. (Image Source: Google Blog)

This National Disability Employment Awareness Month, Google rolls out new features to empower differently abled

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finclusion

© 2024 Finclusion

Quick Links

  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog

© 2024 Finclusion

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version