Bajaj Finserv Q4 Review - Gradual Revival In Finance; Insurance Picks Pace: ICICI Direct
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ICICI Direct Report
Bajaj Finserv Ltd. reported a mixed performance with a gradual pick-up in lending business and robust growth in life insurance while general insurance momentum was slower.
Consolidated topline grew 15.7% YoY to Rs 15,387 crore, led by improved traction in insurance business, partially offset by moderation in lending business.
Consolidated earnings increased four times YoY to Rs 980 crore with improvement in all segments.
Consolidated assets under management witnessed QoQ growth of 4% YoY to Rs 1,52,947 crore, led by mortgages.
Net interest income remained broadly flat YoY at Rs 4,659 crore.
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