Bajaj Finserv Q4FY23 PAT up 31.4% at Rs1,769 crore on surge in profitability of NBFC business

Bajaj Finserv, the holding company of the NBFC and insurance interests of the Bajaj group, has reported 25.3% growth in the top line revenues at Rs23,625 crore. These are the consolidated numbers of its life insurance, general insurance and the predominant lending business under the NBFC Banner of Bajaj Finance Ltd.

Being a holding company, the eventual profit gets substantially reduced to adjust for the non-controlling interest of the holding company. However, despite that, the net profits of the holding company are up by 31.4% at Rs1,769 crore and this has been largely driven by the NBFC business of Bajaj Finance.

Financial highlights for Mar-23 compared yoy and sequentially

 Bajaj Finserv    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 23,624.61

₹ 18,861.67

25.25%

₹ 21,755.55

8.59%

Net Profit (Rs cr)

₹ 1,768.95

₹ 1,346.08

31.41%

₹ 1,782.02

-0.73%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 11.00

₹ 8.50

 

₹ 11.20

 

Net Margins

7.49%

7.14%

 

8.19%

 

 

Overall, Bajaj Finserv made operating profits in the general insurance business and the predominant NBFC business. However, it made loses on the life insurance business of Bajaj Allianz. Bajaj Finserv holds 74% each in the life insurance and the general insurance businesses of the Bajaj group while it holds 52.49% of the NBFC business of Bajaj Finance.

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