BAJAJ BROKING
Bajaj Finserv has reported its Q2 FY24-25 results, showcasing a significant financial performance. The consolidated revenue grew by 30% year-on-year (YoY) to ₹33,704 crore, compared to ₹26,023 crore in the corresponding period last year. Additionally, the company posted a consolidated profit after tax (PAT) of ₹2,087 crore, marking an 8% growth from ₹1,929 crore in Q2 FY24. This reflects Bajaj Finserv’s strong market presence and resilience in the financial services sector.
During the quarter, Bajaj Finserv’s performance was driven by strong growth in its subsidiaries, particularly Bajaj Finance and its insurance arms. Bajaj Finance contributed significantly with a PAT of ₹4,000 crore, a 13% YoY growth, highlighting robust demand for financial services. Additionally, Bajaj General Insurance and Life Insurance businesses reported profits, bolstering the group’s overall financial health.
Bajaj Finance's continued growth is a testament to its strong product offerings and customer base. Meanwhile, the insurance sector showed healthy gains, with general insurance reporting a PAT of ₹494 crore and life insurance registering a net new business value (NBV) of ₹245 crore.
Despite broader market challenges, Bajaj Finserv’s results were at par with the market expectations in the financial sector. The company has consistently demonstrated its capability to outperform, leveraging its diverse portfolio to maintain strong revenue growth.
Bajaj Finserv’s leadership expressed confidence in their continued growth trajectory, emphasizing the importance of their diversified business model, which helps them navigate both opportunities and challenges effectively. The company aims to maintain its focus on innovation and customer-centric services, expecting further expansion in the coming quarters.
Metrics | Q2 FY25 | Q2 FY24 | % Change |
Revenue (₹ Cr) | 33,704 | 26,023 | 30% |
Profit After Tax (₹ Cr) | 2,087 | 1,929 | 8% |
Bajaj Finance PAT (₹ Cr) | 4,000 | 3,551 | 13% |
General Insurance PAT (₹ Cr) | 494 | 468 | 6% |
Life Insurance NBV (₹ Cr) | 245 | 237 | 3% |
Total Expenses (₹ Cr) | 27,741 | 20,731 | 34% |
Employee Benefit Expenses (₹ Cr) | 3,009 | 2,446 | 23% |
Finance Costs (₹ Cr) | 6,046 | 4,449 | 36% |
Total Assets (₹ Cr) | 6,01,195 | 4,69,324 | 28% |
Check out ACC's past performances in previous quarters and financial years.
Bajaj Finserv’s Q2 FY24-25 results underline its strong financial health and growth potential. The company’s diverse portfolio across financial services, insurance, and investments has positioned it well to continue its upward trajectory, with a robust outlook for the next quarter.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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