Bajaj Finserv Q3 Review - Gradual Revival In Finance; Insurance Picking Pace: ICICI Direct 
Bajaj Finserv branch in Mahableshwar. (Source: BloombergQuint)

Bajaj Finserv Q3 Review - Gradual Revival In Finance; Insurance Picking Pace: ICICI Direct 

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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.

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.

Click on the attachment to read the full report:

ICICI Direct Bajaj Finserv Q3FY21 Result Update.pdf

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