Bajaj Auto Finance has declared its three fold jump in the net profit in the first quarter of the fiscal year 2010. As per the report increased loan disbursal has propelled the net profit of the firm up for the quarter.

Bajaj Auto Finance has posted a net profit of Rs 46.8 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by three fold in this quarter as compared to the same quarter in the last fiscal. Bajaj Auto Finance has informed this in a filing at the Bombay Stock Exchange.

The company had a net profit of Rs 15.2 crore at the similar period in the previous year.

The net interest income of the company was reported to be Rs 224 crore during the April-June quarter of fiscal year 2010-11 which is a massive 51% up from Rs 148.2 crore of net interest income in the same quarter in the preceding fiscal year 2009-10.

The loan disbursal has also been doubled during the Q1.