Bajaj Finserv Ltd. has reported robust earnings for Q2 FY25, showcasing strong growth across its financial segments. The company’s consolidated total income surged by 30% year-on-year (YoY) to ₹33,704 crore, compared to ₹26,023 crore in Q2 FY24.
The consolidated profit after tax stood at ₹2,087 crore, marking an 8% YoY increase from ₹1,929 crore in the corresponding quarter last year.
Segment Performance Highlights:
- Bajaj Finance: The consolidated profit after tax came in at ₹4,000 crore, reflecting a 13% increase YoY from ₹3,551 crore.
- General Insurance: The segment posted a profit after tax of ₹494 crore, up 6% YoY from ₹468 crore.
- Life Insurance: The net new business value (NBV) rose by 3% YoY, reaching ₹245 crore, compared to ₹237 crore in Q2 FY24.
H1 FY25 Performance:
For the first half of FY25, Bajaj Finserv reported:
- Total income of ₹65,184 crore, up 32% YoY from ₹49,303 crore.
- Consolidated profit after tax of ₹4,225 crore, up 9% YoY from ₹3,872 crore.
- Bajaj Finance’s consolidated profit after tax at ₹7,912 crore, up 13% YoY from ₹6,988 crore.
- General Insurance profit at ₹1,070 crore, up 21% YoY from ₹883 crore.
- Life Insurance NBV at ₹348 crore, up 5% YoY from ₹331 crore.
These results highlight Bajaj Finserv’s strong performance across various segments, demonstrating consistent growth in revenue and profitability.
