Bajaj Finserv Q4 Review - Gradual Revival In Finance; Insurance Picks Pace: ICICI Direct
Bajaj Finserv branch in Mahableshwar. (Source: BloombergQuint)

Bajaj Finserv Q4 Review - Gradual Revival In Finance; Insurance Picks 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 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.

Click on the attachment to read the full report:

ICICI Direct Bajaj Finserv Q4FY21 Result Update.pdf

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