NEW DELHI: Shares of Bajaj Finance slipped 6 per cent on Thursday as the company's record quarterly profit failed to cheer investors.

The company said its consolidated profit jumped 43 per cent year-on-year (YoY) to a record Rs 1,195 crore in the June quarter. The profit number came largely in line with ET NOW poll estimate of Rs 1,200 crore.

But, the provisions for the quarter surged 69 per cent to Rs 551 crore from Rs 327 crore in same qaurter last year.

The scrip slipped nearly 6 per cent to hit a low of Rs 2,998. Earlier in the day, the stock opened at Rs 3,195.25 on BSE against its previous closing of Rs 3,171.60.

The shares of the company closed 3.95 per cent lower at Rs 3046.40 on BSE.