Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance News

Bajaj Finserv Q3 Net Profit Rises 32% at Rs 1,126 Cr

The company holds 52.82 per cent stake in Bajaj Finance Ltd. It also holds 74 per cent stake each in two unlisted insurance companies Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

author-image
SMEStreet Desk
30 Jan 2020 03:28 IST

Follow Us

New Update
Sanjiv Bajaj, Bajaj Finserv, Wallet Care

Bajaj Finserv reported a 32 per cent rise in consolidated net profit at Rs 1,126 crore in third quarter of FY20.

The company had posted a net profit of Rs 851 crore in the same period of 2018-19.

Total income rose 31 per cent at Rs 14,561 crore as against Rs 11,142 crore in year-ago period, Bajaj Finserv said in a release.

Bajaj Finserv is the holding company for various financial services business of the Bajaj Group.

The company holds 52.82 per cent stake in Bajaj Finance Ltd. It also holds 74 per cent stake each in two unlisted insurance companies Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

"Economic conditions in the quarter continued to be weak with GDP growth dropping to 4.5 per cent in Q2FY20. Weak consumer demand in some pockets, unseasonal rainfall and volatile bond markets also contributed to difficult market environment for our businesses," the company said.

Even as the economic conditions remained difficult, all the businesses of Bajaj Finserv performed well and the company has been able to record significant increase in consolidated revenue and profit after tax, it added.

Bajaj Finserv stock closed at Rs 9,902.25 on the BSE, up 2.77 per cent over previous close.

General Insurance Bajaj Finserv Bajaj Allianz
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!