Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Bajaj Finserv Ltd.
Holding company Bajaj Finserv announced Q2FY24 & H1FY24 results: Q2FY24: Consolidated total income for Q2FY24 reached Rs 26,023 crore, indicating a 25% increase from Q2FY23, which was Rs 20,803 crore. Consolidated profit after tax in Q2FY24 amounted to Rs 1,929 crore, marking a 24% increase from Q2FY23 of Rs 1,557 crore. Bajaj Finance's consolidated profit after tax for Q2FY24 was Rs 3,551 crore, showing a 28% increase from Q2FY23, which was Rs 2,781 crore. General insurance reported a profit after tax of Rs 468 crore in Q2FY24, reflecting a 39% increase from Q2FY23, which was at Rs 336 crore. Life insurance achieved a net new business value (NBV) of Rs 237 crore in Q2FY24, indicating a strong 25% increase from Q2FY23, which was Rs 190 crore. H1FY24: Consolidated total income for H1FY24 reached Rs 49,303 crore, indicating a 34% increase from H1FY23, which was Rs 36,692 crore. Consolidated profit after tax in H1FY24 amounted to Rs 3,872 crore, marking a 35% increase from H1FY23, which was Rs 2,866 crore. Bajaj Finance's consolidated profit after tax for H1FY24 was Rs 6,988 crore, showing a 30% increase from H1FY23, which was Rs 5,377 crore. General insurance reported a profit after tax of Rs 883 crore in H1FY24, reflecting an 18% increase from H1FY23, which was Rs 747 crore. Life insurance achieved a net new business value (NBV) of Rs 331 crore in H1FY24, indicating a 2% increase from H1FY23, which was Rs 325 crore. Result PDF27-10-2023
