Buy
General Insurance growth slows down; Life Insurance sees strong momentum
KRChoksey
The consolidated profit after tax for FY24 were INR 81,478 Mn, a growth of 27.0% YoY. Excluding the volatile mark-to-market unrealized gains of BAGIC and BALIC, the consolidated profit after tax was INR 81,800 Mn, up 21.0% YoY.
Results Update
Bajaj Finserv Limited
SMC online
Buy
Healthy consolidated performance; Non-life insurance business delivers a soft growth
KRChoksey
As of December 31, 2023, AUM reported a 34.7% YoY/ 7.1% QoQ growth at INR 31,09,680 Mn, led by the strong growth in new customer addition during the quarter. The customer franchise stood at 80.4 Mn as of December 31, 2023, compared to 66.1 Mn as of December 31, 2022, a growth of 21.7%.
Results Update
Bajaj Finserv Limited
SMC online
Buy
All-round performance
KRChoksey
As of September 30, 2023, AUM reported a 32.9% YoY/ 7.5% QoQ growth at INR 29,02,640 Mn, led by a healthy increase in customer franchise on account of improving penetration in new geographies. The Company has added an AUM of INR 428.85 Bn in H1FY24.
Results Update
Bajaj Finserv Limited
SMC online
Buy
Life insurance witnessed a slowdown; Other businesses continue to see strong traction
KRChoksey
As of June 30, 2023, AUM reported a 32.4% YoY/ 9.2% QoQ growth at INR 24,73,790 Mn. The company registered its highest-ever quarterly AUM growth of INR 227.18 Bn in Q1FY24. In Q1, the company added the highest-ever new customer of 3.84 Mn to the franchise. Thus, as of June 30, 2023, the customer franchise stood at 72.98 Mn, up from 60.30 Mn as of June 30, 2022.
Results Update
Bajaj Finserv Limited
SMC online
Results Update
Result Update - BAJAJ FINSERV LIMITED
SMC online
Buy
Results Update
ajaj Finserv Limited
SMC online
Buy
Bajaj Finserv Ltd
ICICI Direct
Buy
Overall healthy performance led by lower provisions and decline in operating expenses
KRChoksey
As of December 31, 2022, AUM reported a growth of 27.4% YoY/ 5.7% QoQ at INR 23,08,420 Mn. In Q3FY23, the AUM grew by 124,760 Mn. The AUM growth was slower in the quarter compared to Q1 & Q2, which was on account of lower growth in the mortgages segment due to intense pricing pressures.
Buy
Bajaj Finserv Ltd
ICICI Direct
Buy
Lending business drives overall growth; life insurance sees healthy momentum
KRChoksey
Bajaj Finserv reported a consolidated profit of INR 15,569 Mn, a growth of 38.7% YoY (18.9% QoQ).
Hold
Bajaj Finserv Ltd
ICICI Direct
Split
Hold
Bajaj Finserv Ltd
ICICI Direct
Buy
Bajaj Finserv Ltd
ICICI Direct
Split
Results Update
Bajaj Finserve Limited
SMC online
Split
Buy
Bajaj Finserv
KRChoksey