Bajaj Auto Finance’s net profit up by 67%

Bajaj Auto Finance’s net profit up by 67%Bajaj Auto Finance has declared its fourth quarter financial results for the fiscal year 2009-10 and has managed to post a remarkable net profit. The firm has posted a net profit of Rs 25.2 crore for the quarter that ended on 31st March, 2010. It was reported to be Rs 15.1 crore in the corresponding period last year. This net profit figure has been 67% up against the same quarter in the preceding year.

As far as the interest income (NII) of the company is concerned, it has touched Rs 198.2 crore for the fourth quarter.

It has increased from Rs 139.6 crore for the same quarter last year. This has been increased by almost 42% on the last years figure.

Executive Officer of Bajaj Auto Finance, Mr. Rajeev Jain has informed that strong demand recovery in the Indian market has helped the company to produce such a remarkable performance. The board of this non-banking finance company (NBFC) has decided to recommend a dividend of Rs 6 per share to its investors for the year 2009-2010.