Bajaj Finance, a leading Indian non-banking financial company (NBFC), announced its December quarter results today, February 3, post market hours, reporting a 5.6% decline in consolidated net profit to ₹4,066 crore.

In the same period last year, the company had posted a net profit of ₹4,308 crore. On a sequential basis, net profit fell 18% from ₹4,947 crore in the September quarter.

Net interest income (NII), which reflects the difference between interest earned on loans and interest paid to depositors, rose to ₹11,318 crore in Q3, up from ₹9,383 crore in the corresponding quarter of the previous year.

Despite an improvement in NII, the net profit was weighed down by higher operating expenses, which increased to ₹15,520 crore in the quarter, from ₹12,295 crore a year earlier and from ₹13,576 crore in the September quarter