The company had registered a net profit of Rs 194.14 crore for the corresponding quarter of 2013-14.
"Total income has increased from Rs 1,081.5 crore for the quarter ended December 31, 2013, to Rs 1,485.39 crore for the quarter ended December 31, 2014," it said in a filing to the BSE.
Company's income from operations rose to Rs 1,416.43 crore, from Rs 1,027.02 crore a year ago.
Bajaj Finance, which is promoted by Bajaj Finserv Ltd, is primarily in the business of financing.
As of 2:26 p.m., shares in Bajaj Finance were trading at Rs 4070.00 apiece on the BSE, up 16.92 per cent from the previous close.