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India's Bajaj Finance posts higher quarterly profit on strong loan growth

India's Bajaj Finance posts higher quarterly profit on strong loan growth

- India's Bajaj Finance BJFN.NS posted higher quarterly profit on Monday, supported by strong growth in its loan book.

The non-banking financial company reported a 28.7% year-on-year rise in consolidated profit after tax to 63.67 billion rupees ($670.74 million) for the quarter ended September 30, from 49.48 billion rupees a year earlier.


($1 = 94.9250 Indian rupees)


(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)

((Nishit.Navin@thomsonreuters.com;))

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