Bajaj Finserv Q2 Results, Profit Rises by 8%: Bajaj Finserv Share Value React

Bajaj Finserv Q2 Results FY25 reported 8% year-on-year growth in the consolidated net profit. On the Bajaj Finserv results date which was October 23, 2024, the Bajaj Finserv share value closed at ₹1,739.70. On October 24, 2024, Bajaj Finserv share value closed at ₹1,742.10. So, let’s get into the details of the Bajaj group’s NBFC arm Q2 FY25 results and its subsidiary performance.

Bajaj Finserv Q2 FY25 Results: Key Highlights

Bajaj Finserv share price has positively reacted to the Q2 results by delivering the returns of 0.14% in the last 1 day (as on October 23, 2024). Here are the key highlights of the consolidated Bajaj Finserv quarterly results (Q2 FY25) and its YoY growth:

• Profit after tax at ₹2,087 crores, up 8% YoY from ₹1,929 crores in Q2 FY24
• Total income at ₹33,704 crores, up 30% YoY from ₹26,023 crores in Q2 FY24

Here is the summary of the key financial metrics for the Bajaj Finserv quarterly results Q2 FY25. ​

Metrics	Q2 FY25	Q2 FY24	YoY Change
Interest Income	16,571.61	13,090.77	26.59%
Total income	33,703.74	26,022.66	29.52%
Total expenses	27,741.22	20,730.70	33.82%
Profit After Tax	2,086.97	1,928.96	8.19%
Basic Earnings per share (₹)	13.1	12.1	8.26%

*(in ₹ crores)

Bajaj Finserv Q2 Results: Subsidiaries Performance

Bajaj Finserv Q2 Results: Bajaj Finance Limited (BFL)

• PAT at ₹4,000 crores in Q2 FY25, up 13% YoY from ₹3,551 crores in Q2 FY24
• The customer franchise increased by 3.98 million in Q2 FY25.
• The number of new loans booked was 9.69 million in Q2 FY25.
• BHFL (Bajaj Housing Finance Limited) ₹6,560 crores IPO was listed on September 16, 2024, as mentioned in the quarterly results of Bajaj Finserv.

Bajaj Finserv Q2 Results: Bajaj Allianz General Insurance Company Limited (BAGIC)

• Gross written premium at ₹5,871 crores in Q2 FY25, down 20% YoY from ₹ 7,298 crore in Q2 FY24
• The government health business grew by 11% YoY in Q2 FY25, better than the general insurance business.

Bajaj Finserv Q2 Results: Bajaj Allianz Life Insurance Company Limited (BALIC)

• New business premium at ₹3,202 crores in Q2 FY25, up 14% YoY from ₹2,821 crores in Q2 FY24
• In the individual-rated new business premium, there was a growth of 34% and an improved market share by 70 basis points in Q2 FY25.

Conclusion

Bajaj Finserv Q2 results for FY25 highlighted that the company is focusing on growing its emerging businesses which include Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Finserv Asset Management, and Bajaj Finserv Ventures. Bajaj Finserv has assets under management (AUM) of ₹16,293 crores as of September 30, 2024. In the last 1-year, Bajaj Finserv share value has delivered a return of 7.99% (as on October 23, 2024).

Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.

Reference

https://www.aboutbajajfinserv.com/content/dam/bajajfinserv/web/in/en/global/document/corporate/bfs-new/bfs-investor-relations/financial-results/financial-result-fy24/bfs-press-release-q2-fy25-v2.pdf

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