Wednesday, January 19, 2011

Bajaj Finserv Q3 Results

Bajaj Finserv Ltd has announced the following Unaudited results for the quarter ended December 31, 2010:

The Company has posted a net profit of Rs 111.50 million for the quarter ended December 31, 2010 as compared to Rs 40.50 million for the quarter ended December 31, 2009. Total Income has decreased from Rs 321.20 million for the quarter ended December 31, 2009 to Rs 267.50 million for the quarter ended December 31, 2010.

"The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2010

The Group has posted a net profit after tax of Rs 1067.80 million for the quarter ended December 31, 2010 where as the same was at Rs 348.60 million for the quarter ended December 31, 2009. Total Income is Rs 5320.10 million for the quarter ended December 31, 2010 where as the same was at Rs 1200.10 million for the quarter ended December 31, 2009.

Upon acquisition of further shares, Bajaj Finance Ltd (BFL) became a subsidiary of the Company from July 05, 2010. Accordingly, BFL has been consolidated as a subsidiary from that date. Prior to that date, BFL was consolidated as an associate and hence the consolidated financial results for the period ended December 31, 2010 are not comparable with those of the prior periods."

Source: BSE Corporate Announcements

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