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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