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Bajaj Finance Reports 6% YoY Decline in Q3 Net Profit Due to Provision and Labour Code Charges

Economic Times•
Bajaj Finance Reports 6% YoY Decline in Q3 Net Profit Due to Provision and Labour Code Charges
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SynopsisBajaj Finance Q3 Results: Bajaj Finance on Tuesday reported a 6% year-on-year (YoY) decline in its consolidated net profit for the third quarter at Rs 4,066 crore. The drop in bottomline was mainly due to an accelerated ECL provision and one-time charge of new labour codes.

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Publisher: Economic Times

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Bajaj Finance Reports 6% YoY Decline in Q3 Net Profit Due to Provision and Labour Code Charges | Achira News