Bajaj Finserv Q1 Results: Net profit jumps 48% to Rs 1,943 crore; revenue rises 47% YoY
Bajaj Finserv reported a 48.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 at ₹1,942.63 crore. The company’s net profit in the same quarter last year was ₹1,309 crore.
The company’s revenue from operations in Q1FY24 increased 46.5% to ₹23,280 crore from ₹15,888.3 crore, YoY. “Macroeconomic conditions were stable during the quarter with a higher level of business confidence. In this conducive environment, our companies have once again delivered strong operating performance” Bajaj Finserv said.
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