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Bajaj Finserv Q3 Review - Business Growth Enhancing Profitability: KRChoksey

Bajaj Finserv Q3 Review - Business Growth Enhancing Profitability: KRChoksey



An employee checks documents (Photographer: Balint Porneczi/Bloomberg)
An employee checks documents (Photographer: Balint Porneczi/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research Report

Bajaj Finserv Ltd.'s consolidated revenues for Q3 FY22 stood at Rs 1,76,196 million, a growth of 10.4% YoY. In Q3 FY22, consolidated profit after tax stood at Rs 12,558 million, a decline of 2.6% YoY.

Bajaj Finserv’s profit after tax for Q3 FY22 increased by 85% YoY to Rs 21,250 million mainly on account of robust assets under management growth, higher net interest income and better asset performance.

Bajaj Allianz General Insurance Company Ltd.’s profit after tax for Q3 FY22 stood at to Rs 3,040 million versus Rs 3,300 million in Q3 FY21.

Bajaj Allianz Life Insurance Co. Ltd.'s shareholders' profit after tax during Q3 FY22 stood at Rs 880 million as against Rs 1,180 million in Q3 FY21, impacted mainly due to higher new business strain.

Click on the attachment to read the full report:

KRChoksey Bajaj Finserv Q3FY22 Result Update.pdf

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