Bajaj Finserv Q2 Net Profit Soars 24%, Customer Franchise Grows

27 Oct 2023 , 01:33 PM

On October 27, Bajaj Finserv announced a substantial 24% increase in its net profit, which reached Rs 1,929 crore for the reporting quarter, compared to Rs 1,557 crore in the same period a year ago. The company also reported a 25% year-on-year increase in consolidated total income, with it amounting to Rs 26,023 crore, up from Rs 20,803 crore in the corresponding period of the previous year.

Notably, Bajaj Finserv experienced a significant quarterly growth in its customer franchise, adding 3.58 million customers, and recorded the booking of 8.53 million new loans during Q2 FY24.