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Bajaj Finserv's Q2FY24 Financial Performance Review

Oct 27, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Bajaj Finserv for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
Bajaj Finserv reported a total income of ₹26,022 crores for Q2FY24, demonstrating impressive growth with a substantial 11.78% increase sequentially. On a year-on-year basis, the company achieved a remarkable 25.09% surge in revenue.

EXPENSES: 
Expenses for Bajaj Finserv in Q2FY24 amounted to ₹20,730 crores, indicating a substantial increase of 14.17% compared to the preceding quarter. On a year-on-year basis, the company's expenses grew by 25.29%.

NET PROFIT: 
The net profit of Bajaj Finserv for Q2FY24 was ₹3,755 crores, showing strong growth and reflecting a notable 1.24% increase compared to the preceding quarter. On a year-on-year basis, the company's net profit exhibited a robust rise of 25.33%.

MARGINS: 
Bajaj Finserv's margin in Q2FY24 was 14.43%, maintaining a steady position with only a slight decrease of 0.03% sequentially. Year-on-year, the company's margin showed resilience, maintaining a robust position with only a 1.50% decrease compared to Q2FY23.

In conclusion, Bajaj Finserv's financial performance in Q2FY24 reflects impressive revenue growth, a significant rise in net profit, and strong margins. The company's diverse portfolio of financial services and insurance continues to drive its success. 

Stay tuned for more detailed updates on Bajaj Finserv's financial performance in the coming quarters.