Thursday, 19 July 2018

Bajaj Finance slips 5% on profit booking post Q1 results

Bajaj Finance dipped 5% to Rs 2,378 on the BSE in noon deal trade on profit booking after the company reported a consolidated net profit of Rs 8.36 billion for the quarter ended June 2018 (Q1FY19). It had a profit of Rs 4.61 billion in the same quarter year ago. Net interest income (NII) during the quarter review increased 46% at Rs 25.78 billion against Rs 17.61 billion over the previous year quarter. Analyst on an average had expected a profit of Rs 8.57 billion and NII of Rs 27.58 billion for the quarter.

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