Its consolidated total income rose by 10 per cent to Rs 32,042 crore in the reporting quarter (Q3FY25), from Rs 29,038 crore in the year-ago period
Bajaj Finserv Q3FY25 results: The company also approved the appointment of Ramandeep Singh Sahni as chief financial officer and whole-time key managerial personnel, effective February 1, 2025
Bajaj Finserv Health has a network of over 1,00,000 hospitals and 80,000 doctors
As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.
Bajaj Finserv on Wednesday reported an 8 per cent rise in its consolidated net profit to Rs 2,087 crore for the second quarter ended September 30. The company had posted a profit of Rs 1,929 crore in the July-September quarter a year ago. The total consolidated income increased to Rs 33,704 crore during the quarter against Rs 26,023 crore in the same period a year earlier, Bajaj Finserv said in a regulatory filing. The Pune-headquartered company's total expenditure rose to Rs 27,741 crore compared to Rs 20,731 crore in the year-ago period. Bajaj Finserv Asset Management recorded assets under management (AUM) of Rs 16,293 crore as on September 30, 2024. Its subsidiary Bajaj Allianz General Insurance Company Ltd reported a profit of Rs 494 crore from Rs 468 crore in Q2 FY24, an increase of 6 per cent. Another subsidiary Bajaj Allianz Life Insurance Company Ltd posted shareholders' profit after tax at Rs 148 crore down from Rs 193 crore in Q2 FY24 due to new business strain, higher
Revenue increased by 30% to Rs 33,704 cr, says holding company of Bajaj group's financial services and insurance businesses
Q2FY25 company results: AU Small Finance Bank, Bajaj Finserv, Birla will also be among the 73 companies to released their second quarter results on Oct 23
Founded in 2001, Bajaj Allianz General Insurance is one of the biggest private insurers in India, while Bajaj Allianz Life Insurance is among the fastest-growing life insurers in India
If this happens, Bajaj Finance will be the sole remaining Bajaj group stock in the 30-share Sensex, following the removal of Bajaj Auto in December 2021
Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here
LIC Housing Finance, PNB Housing Finance, Can Fin Homes and Bajaj Finance dropped in the range of 4 per cent to 6 per cent
Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.
Bajaj Finserv hit a 52-week high of Rs 1,771.50, up 3.3 per cent in intra-day trade amid heavy volumes, rallied 16 per cent in past two weeks