Against the backdrop of upbeat macroeconomic conditions, Bajaj Finserv said its subsidiaries recorded a strong operating performance in the second quarter. Bajaj Finance, in which Bajaj Finserv holds a 52.4% stake, recorded 28% growth in its consolidated net profit at Rs 3,551 crore, led by robust AUM growth, higher net interest income, and better asset performance.
In the reporting quarter, consolidated total income of the company rose 25 percent on-year to Rs 26,023 crore, from Rs 20,803 crore in a year ago period.
RIL Q2 Results LIVE: RIL CFO Srikanth Venkatachari says, “We expect that the capex intensity will significantly decline given that the 5G network rollout is expected to be completed by and by the end of this year.”