Bajaj Finance Q2 Results: Net profit jumps 29% YoY to Rs 6,367 crore, NII up 24%

Bajaj Finance reported a 29 percent year-on-year jump in net profit to Rs 6,367 crore for Q2, with net interest income rising 24 percent to Rs 13,335 crore and net total income up 23 percent to Rs 15,974 crore. Assets under management grew 26 percent year-on-year to Rs 5.85 lakh crore, while customer franchise expanded 16 percent to 128.85 million. Pre-provisioning operating profit rose 23 percent to Rs 10,699 crore, and the annualised loan loss ratio improved to 1.56 percent from 1.88 percent a year earlier.