Bajaj Finserv PAT Increases To Rs 2138 Cr Up By 10%
The Consolidated total income increased to approximately Rs 31,480 crore from about Rs 23,280 crore, reflecting a growth of 35 per cent
Bajaj Finserv on Wednesday said the company’s consolidated profit after tax increased by 10 per cent to Rs 2,138 crore in Q1FY25. The Consolidated total income increased to approximately Rs 31,480 crore from about Rs 23,280 crore, reflecting a growth of 35 per cent.
The consolidated profit after tax rose to approximately Rs 2,138 crore from around Rs 1,943 crore, marking a 10 per cent increase. Bajaj Finance reported a consolidated profit after tax of approximately Rs 3,912 crore, up from about Rs 3,437 crore, indicating a 14 per cent increase. General insurance profit after tax increased to approximately Rs 576 crore from around Rs 415 crore, showing a 39 per cent rise.
Bajaj Allianz General Insurance Company (BAGIC) recorded market-leading growth of 24 per cent in gross written premium to Rs 4,761 crore excluding bulky tender-driven crop and government health business growth was strong at 22 per cent. Its profit after tax increased by 39 per cent.
Life insurance net new business value (NBV) grew to approximately Rs 104 crore from about Rs 94 crore, representing an 11 per cent increase. BFS continues to grow its emerging businesses which include Bajaj Finserv Health. Bajaj Finserv Direct. Bajaj Finserv Asset Management and Bajaj Finserv Ventures. Losses from these businesses have increased.
