Thursday, January 19, 2012

Bajaj Finserv Q3 Results Announced for Quarter Ended on Dec 2011


Bajaj Finserv Ltd has announced the following results for the quarter ended December 31, 2011:

The Unaudited results for the Quarter ended December 31, 2011

The Company has posted a net profit of Rs. 144.70 million for the quarter ended December 31, 2011 as compared to Rs. 111.50 million for the quarter ended December 31, 2010. Total Income has increased from Rs. 267.50 million for the quarter ended December 31, 2010 to Rs. 308.00 million for the quarter ended December 31, 2011.

"The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2011

The Group has posted a net profit of Rs. 1700.60 million for the quarter ended December 31, 2011 where as the same was at Rs. 1067.80 million for the quarter ended December 31, 2010. Total Income is Rs. 8255.70 million for the quarter ended December 31, 2011 where as the same was at Rs. 5320.10 million for the quarter ended December 31, 2010.

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. Hence, the consolidated financial results for the nine months ended December 31, 2011 are not comparable with those of the prior period."

Source: BSE Corporate Announcements

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