Bajaj Finserv reported a 30.5 percent jump in it's June quarter net profit to Rs 2,789 crore. The same was reported at Rs 2,138 crore in the same period a year ago. The company's revenue from operations stood at Rs 35,439.08 crore in the quarter under review, a year-on-year (YoY) jump of 12.5 per cent from Rs 31,479.93 crore reported in the corresponding quarter of previous year.
The life insurance gross written premium was up 9 percent YoY, while it declined 41% sequentially. The general insurance gross written premium was up 9 percent, while declining 20 percent quarter-on-quarter (QoQ).
On the sequential basis, the profit after tax (PAT) surged 15% from Rs 2 416.64 crore reported by the company in Q4FY25, however, the revenue declined 3 percent from QoQ against Rs 36,595.36 crore in the January-March quarter.
The company incurred total expenses of Rs 28,248.32 crore in the quarter under review, rising from Rs 25,514.14 crore YoY.
Shares of Bajaj Finserv were trading in the red at around 12:30 p.m., quoting at Rs 1,960.8 per share on the NSE, down 3.52 percent.
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