The company said its net interest income (NII) for the quarter increased by 48 percent to Rs 6,638 crore from Rs 4.489 crore in the year-ago quarter.

Bajaj Finance share price 2022

The value of new loans booked during the quarter grew by 60 percent to 74.2 lakh, compared to 46.3 lakh during Q1FY22

A healthy growth rate was reported, but the company's performance has been lower than it has been in the past.

In its latest earnings report, CLSA raised EPS estimates by an average of 6-10 percent, but valuation remains high.

In FY23, unsecured consumer finance should make a strong comeback after consecutive quarters of 5% ROA.

Bajaj Finance announced on July 27 that its consolidated net profit for the quarter ended June was Rs 2,596.25 crore.

A day after Bajaj Finance reported its highest net profit for the quarter ended June 2022, the company's share price spiked 9 percent intraday on July 28.