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Bajaj Auto Finance Q1 net profit at Rs15.21 crore

This article was posted on Jul 15, 2009 and is filed under Stock News

Mumbai: Bajaj Auto Finance on Wednesday reported a jump of fivefold in its net profit for the first quarter ended 30 June to Rs15.21 crore over the corresponding period a year ago, fueling a surge of 20% in its share price on the Bombay Stock Exchange (BSE). The company had a net profit of Rs3.01 crore during the June quarter a year earlier, the company said in a filing to the BSE.

The total income of the auto financing firm rose to Rs189.56 crore during the April-June quarter of FY10 from Rs127.88 crore in the same quarter a year ago.

Shares of Bajaj Auto Finance jumped 20% from its previous close to hit the upper trading limit of Rs177.35 on the BSE.

source: LIvemint

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