Bajaj Finance Q3 results: Profit declines 6% YoY to Rs 4,066 crore due to labor law impact, NII rises 21%

Bajaj Finance on Tuesday reported a 6% year-on-year decline in consolidated net profit for the third quarter at Rs 4,066 crore. The decline in operating income was mainly due to an accelerated provision for expected credit losses and one-off costs for new labor laws. Adjusted for the above and taxes, profits grew 23% to Rs […]