Notification
No new Notification messages
Q2 FY'24-25 Results of Top Companies
Reliance, TCS, HDFC Bank & more: Explore key financial highlights from India's top quarterly results.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Diwali Offer: MTF at just 9.99%
Iss Diwali, Investments Ko Karo 4X with our Trade Now, Pay Later (MTF) feature
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Bajaj Finserv Q2 Results FY24-25: Consolidated Total Income at ₹33,704 Cr, PAT ₹2,087 Cr

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

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.

Key Highlights/Quicks Insights Bajaj Finserv Q2 Results FY24-25

  • Revenue: ₹33,704 crore, up 30% YoY from ₹26,023 crore.
  • PAT: ₹2,087 crore, an 8% increase from ₹1,929 crore in Q2 FY24.
  • Bajaj Finance PAT: ₹4,000 crore, up by 13% YoY.
  • General Insurance PAT: ₹494 crore, up by 6% YoY.
  • Life Insurance NBV: ₹245 crore, up 3% YoY.

BAJAJ FINSERV LTD.

Trade

1752.45-14.25 (-0.80 %)

Updated - 30 October 2024
1777.45day high
DAY HIGH
1740.20day low
DAY LOW
826677
VOLUME (BSE)

Quarterly - Bajaj Finserv Q2 Results FY24-25

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.

Segment Highlights of Bajaj Finserv Q2 FY24-25

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.

Sector Expectations for Bajaj Finserv Q2 Results

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.

Management Commentary

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.

Bajaj Finserv Q2 Results FY24-25 Financial Highlights:

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.

Conclusion

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. 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs + Users

icon-with-text

4.8+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5000+ Cr MTF Book

icon-with-text