Indian non-banking financial company (NBFC) Bajaj Finance on Monday reported a smaller-than-expected 22.4% rise in third-quarter profit as it set aside more money for bad loans.
The company’s consolidated profit after tax rose to Rs 3,639 crore (about $438 million) in the three months ended December 31, missing analysts’ average estimate of Rs 3,756 crore, according to LSEG data.
The consolidated figures include the operations of the lender’s subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.
First print: January 29, 2024 | 5:01 PM IST