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Bajaj Finance Ltd. reported a solid rise in net profit and interest income in the second quarter of the current financial year, even as asset quality soured.

Consolidated profit rose 22% year-on-year to Rs 4,875 crore in the July-September quarter, as per results announced on Monday, compared to an estimate of Rs 4,969 crore.

Net interest income also jumped 22% to Rs 10,785 crore, against a forecast of Rs 10,955 crore. Pre-provisioning operating profit increased by 21%.

Asset quality worsened, with the share of gross non-performing loans rising to 1.24% from 1.03% in the previous quarter. Net NPA came in at 0.60% versus 0.50% in the June quarter. Loan losses and provisions incre

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