Bajaj Finserv Q1 net profit jumps 30% on-year to Rs 2,789 crore

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.