Bajaj Finserv Ltd share Price Today

Bajaj Finserv (Finserv) is a financial conglomerate with a holding in the financing business (Bajaj Finance), life insurance (Bajaj Life Insurance) and general insurance (Bajaj General Insurance) business.

• Consistent, faster business growth and profitability remain in focus

Healthy performance in the lending business.

• Consolidated topline growth came in at 25.3% YoY to ₹ 23625 crore
• AUM up 25% YoY to ₹ 247379 crore; PAT jump led by contained provision
• GWP up 14% YoY to ₹ 3765 crore; PAT down 30% YoY to ₹ 322 crore
• Life insurance premium grew 13% YoY, renewal premium was healthy

Industrial Machinery company Bajaj Finserv announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Total Income: For Q4FY24, the consolidated total income was Rs 32,042 crore, showing a 36% increase from Rs 23,625 crore in the previous year.
• Profit After Tax (PAT): The consolidated profit after tax was at Rs 2,119 crore, marking a rise of 20% against last year's Rs 1,769.

FY24 Financial Highlights:

• Total Income: For FY24, the consolidated total income hit an all-time high of Rs 110,383 crore, showing a 34% increase from Rs 82,072 crore in the previous year.
• Profit After Tax (PAT): The consolidated profit after tax also reached a record of Rs 8,148 crore, marking a rise of 27% against last year's Rs 6,417 crore.
• BFL's consolidated assets under management (AUM) crossed Rs 3,30,000 crore.
• BAGIC became the 3rd largest general insurer, measured by gross direct premium, overtaking three public sector insurers of long vintage during the year.
• BALIC's AUM crossed Rs 1,00,000 crore.
• Bajaj Finserv Asset Management Ltd. received encouraging response to its mutual fund schemes. with assets under management (AUM) of Rs 9,552 crore in the first year of launch.

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