Bajaj Finance Ltd.'s consolidated net profit for the quarter ended December rose 16.7% on year to INR 42.47 billion, beating analysts' estimate of INR 41.72 billion. Sequentially, the net profit was up 6.2%. The company's profitability was driven by rise in assets under management. The assets under management of the company rose 28% on year to INR 3.98 trillion as on Dec. 31, and grew by INR 241.19 billion during the December quarter.
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