Bajaj Finserv Q3 Review - Gradual Revival In Finance; Insurance Picking Pace: ICICI Direct
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ICICI Direct Report
Bajaj Finserv Ltd. reported gradual revival in the lending business, while insurance business continued to show healthy performance, though the sequential run rate witnessed moderation.
Consolidated top-line came at 9.6% YoY at Rs 15960 crore, improved traction sequentially but still lower on YoY basis, due to moderation in the lending business.
Led by improvement in profit after tax in the insurance business, consolidated earnings came up by 14.6% YoY to Rs 1290 crore.
Consolidated asset under management witnessed QoQ growth of 4% YoY to Rs 143550 crore, declining 1% YoY.
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