October 23, 2024
New Delhi, India
Bajaj Finserv Ltd Q2 Results
Bajaj Finserv Ltd reported solid financial results for the second quarter of FY25, showcasing a 30% year-on-year (YoY) increase in consolidated revenue, which reached ₹33,704 crore, up from ₹26,023 crore in the same quarter last year. The company’s consolidated net profit rose by 8% YoY to ₹2,087 crore, compared to ₹1,929 crore in Q2FY24.
Key Financial Highlights
- Revenue: ₹33,704 crore (up 30% YoY)
- Net Profit: ₹2,087 crore (up 8% YoY)
- General Insurance PAT: ₹494 crore (up 6% YoY)
- Bajaj Finance Growth: 13% increase in consolidated PAT, customer franchise expanded to 3.98 million
- Bajaj Housing Finance: 21% YoY growth in profit after tax
Strong Business Growth
The company noted robust growth across its major business segments in Q2FY25, while maintaining a balance between growth and risk metrics. Bajaj Finance saw an increase in new loans booked, reaching 9.69 million, while its subsidiary Bajaj Housing Finance showed a 21% increase in profit after tax.
Latest Q2 Results
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