LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Bajaj Finance Q3 net profit rise by 36%, shares jump

The company's gross non-performing assets and net NPA stood at 1.47% and 0.39% respectively.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bajaj Finance Q3 net profit rise by 36%, shares jump
The assets under management increased by 33% to Rs 57,605 crore from Rs 43,452 crore in Q3FY16. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Mon, Jan 30, 2017
01:11 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Good news for Bajaj Finance shareholders, company to give more dividend now - Anil Singhvi explains why Good news for Bajaj Finance shareholders, company to give more dividend now - Anil Singhvi explains why
Stocks To Buy With Anil Singhvi: Sanjiv Bhasin in bullish mode on markets; recommends TCS, Bajaj Finance as top buys Stocks To Buy With Anil Singhvi: Sanjiv Bhasin in bullish mode on markets; recommends TCS, Bajaj Finance as top buys
Infosys to Bharti Airtel, Asian Paints, Bajaj Finance Rollovers: Market-wide rolls 70%; Nifty rolls 53%; Stock Futures rolls 64% II Details highlighted Infosys to Bharti Airtel, Asian Paints, Bajaj Finance Rollovers: Market-wide rolls 70%; Nifty rolls 53%; Stock Futures rolls 64% II Details highlighted

Bajaj Finance reported a net profit of Rs 555.6 crore during the quarter ended on December 31, a jump of 36% as compared to Rs 408.4 crore during the same period last year. 

The total income for Q3FY17 rose by 32% to Rs 2,729 crore from Rs 2,069 crore in Q3FY16. During the quarter, the new loans booked increased by 35% to 28,79,595 from 21,39,041 during the same period a year ago.

The company's gross non-performing assets and net NPA stood at 1.47% and 0.39% respectively. The provisioning coverage ratio was at 74% in Q3FY17. 

Pune-based company's loan losses and provision for Q3FY17 rose by 23% to Rs 180 crore as against Rs 146 crore in Q3FY16. The assets under management increased by 33% to Rs 57,605 crore from Rs 43,452 crore in Q3FY16. 

At 1307 hours the shares of the company were trading at Rs 1027.50 per piece, up 3.31% or Rs 33.55 on BSE. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bajaj FinanceBajaj Finance Q3 resultBajaj Finance Q3 net profitBajaj Finance bad loansBajaj Finance share priceBajaj Finance net NPABanking & Financial sector
RELATED NEWS
Good news for Bajaj Finance shareholders, company to give more dividend now - Anil Singhvi explains why Good news for Bajaj Finance shareholders, company to give more dividend now - Anil Singhvi explains why
Stocks To Buy With Anil Singhvi: Sanjiv Bhasin in bullish mode on markets; recommends TCS, Bajaj Finance as top buys Stocks To Buy With Anil Singhvi: Sanjiv Bhasin in bullish mode on markets; recommends TCS, Bajaj Finance as top buys
Infosys to Bharti Airtel, Asian Paints, Bajaj Finance Rollovers: Market-wide rolls 70%; Nifty rolls 53%; Stock Futures rolls 64% II Details highlighted Infosys to Bharti Airtel, Asian Paints, Bajaj Finance Rollovers: Market-wide rolls 70%; Nifty rolls 53%; Stock Futures rolls 64% II Details highlighted
Bajaj Finance, HUL, Lupin, Nifty, Bank Nifty, VIX and some important Analytics II All Explained Bajaj Finance, HUL, Lupin, Nifty, Bank Nifty, VIX and some important Analytics II All Explained
Gujarat Fluorochemicals, Reliance, Bajaj Finance, Bajaj Finserv to Asian Paints - here are top Buzzing Stocks today Gujarat Fluorochemicals, Reliance, Bajaj Finance, Bajaj Finserv to Asian Paints - here are top Buzzing Stocks today

LATEST NEWS

CBSE Board Exam 2021 Latest News: Class 10, 12 students alert! Controller Dr. Sanyam Bhardwaj says this

Earthquake hits this region of Madhya Pradesh

FDI Limit in Pension Sector: Modi government may do this soon - All you need to know

Mentor Connect: Amazon India launches mentor programme for startups, emerging brands

Vakeel Saab Collection: Blockbuster! Pawan Kalyan comeback movie sets box office on fire!

Upstox customers alert! Very important security breach message for you from your broking firm

Amazing investment strategy to enjoy life after retirement! This is the right approach to achieve solid financial stability

Lockdown in Delhi? CM Arvind Kejriwal confirms this after review meeting

Air Bubble agreement: Finalised! Travel between India, Sri Lanka to become easier - Here is how

Gold Price Today 12-04-2021: Weekly investment strategy on Gold, Silver - Outlook remains STRONG even as some Profit Booking seen on Friday; BUY bullion at these levels

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved