Q4FY24 Quarterly & FY24 Annual Result Announced for Bajaj Finserv Ltd.
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. Result PDF26-04-2024