Bajaj Finserv Ltd. reported third-quarter stand-alone net profit of Rs.11.13 crore, down by 23 percent from the Rs.14.47 crore for the quarter ended December 31, 2011.
Its quarterly net income fell by 11 percent to Rs.25.17 crore from the Rs.28.38 crore in the year-ago quarter, while other income stood at Rs.2.74 crore, compared with Rs.2.42 crore in the corresponding period of the preceding year.
For the nine months, its net profit amounted to Rs.68.12 crore, compared with Rs.68.75 crore in the corresponding period of the preceding year, registering a one percent drop. Net income, including other income, was Rs.124.84 crore, higher by two percent than the Rs.122.13 crore for the nine months ended December 31, 2011.
On a consolidated basis, it posted third-quarter net profit, after minority interest and share of profits of associates, of Rs.248.71 crore, compared with Rs.170.06 crore in the year-ago quarter, registering a 46 percent growth. Net income, including other income, totaled Rs.1,120.71 crore, up by 36 percent from the Rs.825.57 crore in Q3FY12.
Consolidated gross income for the quarter rose by 11 percent to Rs.3,723.91 crore from the Rs.3,359.34 crore in the year-ago quarter.
For the nine months, its consolidated net profit was Rs.660.78 crore, higher by 45 percent than the Rs.456.98 crore in the corresponding period of the preceding year. Net income, including other income, was Rs.3,056.76 crore, up by 42 percent from the Rs.2,152.78 crore for the nine months ended December 31, 2011.
At the BSE, Bajaj Finserv closed Tuesday’s trading at Rs.873.65, up 0.67 percent from the previous close.
To receive FREE breaking news email alerts for Bajaj Finserv Ltd. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News