Shares of Bajaj Finance Ltd (BFL) rose over 5 per cent on Wednesday as the company reported 13 per cent rise in consolidated net profit to Rs 4,014 crore for the second quarter ended September 30, 2024.
The stock rose 5.22 per cent to Rs 7,026.40 on BSE. On NSE it rose 5.25 per cent to Rs 7,029. The stock was the biggest gainer among Sensex and Nifty firms during morning trade.
BSE Sensex was trading 231.07 points higher at 80,451.79 and NSE Nifty was trading 41.55 points higher at 24,513.65.
The non-banking finance company had reported a net profit of Rs 3,551 crore in the July-September quarter a year ago.
BFL said in a regulatory filing on Tuesday that its total consolidated income increased to Rs 17,095 crore during the quarter under review, compared to Rs 13,382 crore in the same period a year ago. The Pune-headquartered company's total expenses rose to Rs 11,697 crore, compared to Rs 8,624 crore in the same period a year ago.
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