Bajaj FinServ & Investments announced its first quarter results for FY12. The company's Q1FY12 total gross revenues were up 5% at Rs 2900 crore versus Rs 2759 crore. The company's PAT was up 95% at Rs 129 crore versus Rs 66 crore.
Sanjiv Bajaj, managing director of the company, in an interview with CNBC-TV18's Latha Venkatesh, said that their will either be a slowdown on topline growth or crimping of margins with Reserve Bank of India's (RBI) shocking rate hike. "In the last couple of months, we have not seen a topline slowdown and have managed to pass on most of our interest cost increases," he explained. He further stated, "We expect the topline to slowdown from the third quarter. The consumer and SME businesses have been growing at 30-50%. With a 10-15% slowdown, it will relatively have an effect." Below is the edited transcript of the interview. Also watch the accompanying video. Q: RBIDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
