Bajaj Finserv Q3 Review – Gradual revival of finance; Insurance selection rate: ICICI Direct


BQ Blue’s special research section brings together in-depth and quality research reports on stocks and the economy from top Indian brokers, asset managers and research agencies. These reports provide BloombergQuint subscribers with the opportunity to deepen their understanding of businesses, industries and the economy.

Bajaj Finserv Ltd. reported a gradual recovery in credit business, while insurance business continued to perform well, although the sequential execution rate moderated.

Consolidated revenue stood at 9.6% year-on-year at Rs 15,960 crore, traction improved sequentially but still lower on an annual basis, due to moderation in lending activity.

Led by improved after-tax profit in the insurance industry, consolidated profit increased 14.6% year-on-year to Rs 1,290 crore.

Consolidated assets under management saw QoQ growth of 4% year-on-year to Rs 143,550 crore, down 1% year-on-year.

Click on the attachment to read the full report:


This report is written by an external party. BloombergQuint does not guarantee the accuracy of its content and is not responsible for it. The content of this section does not constitute investment advice. For this you should always consult an expert according to your individual needs. The opinions expressed in the report are those of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify or distribute the content without the permission of the original owner.

Leave A Reply

Your email address will not be published.