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Home / Business / Bajaj Finance reports 36% drop in net profit

Bajaj Finance reports 36% drop in net profit

The non-banking finance company had posted a net profit of Rs 1,506 crore in the same quarter a year ago
Total consolidated income grew 3 per cent to Rs 6,523 crore against Rs 6,323 crore a year ago
Total consolidated income grew 3 per cent to Rs 6,523 crore against Rs 6,323 crore a year ago
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Our Bureau   |   New Delhi   |   Published 22.10.20, 12:30 AM

Bajaj Finance on Wednesday reported a 36 per cent drop in consolidated net profit at Rs 965 crore for the September quarter of 2020.

The non-banking finance company had posted a net profit of Rs 1,506 crore in the same quarter a year ago.

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Total consolidated income grew 3 per cent to Rs 6,523 crore against Rs 6,323 crore a year ago. Net interest income was up 4 per cent at Rs 4,165 crore against Rs 4,000 crore a year ago. New loans booked in the second quarter dropped 44 per cent to 36.2 lakh from 64.7 lakh a year ago.

UltraTech Cement

UltraTech Cement on Wednesday reported an over two-fold jump in consolidated net profit at Rs 1,235.11 crore in the September quarter, mainly on account of operational efficiencies.

Aditya Birla group firm had posted a net profit of Rs 578.55 crore a year ago. Revenue from operations stood at Rs 10,354.21 crore, up 7.68 per cent from Rs 9,615.12 crore a year ago.



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