Meta Description: Bajaj Finserv Q4 results show a 14% rise in net profit to Rs 2,417 crore. Read the full analysis of financial performance, key metrics, and future outlook.
Bajaj Finserv Q4 Results: Strong Growth Amid Market Challenges
Bajaj Finserv, a leading financial services company, reported a 14% year-on-year (YoY) increase in net profit for Q4 FY24, reaching Rs 2,417 crore, compared to Rs 2,119 crore in the same quarter last year. The company’s robust performance was driven by strong growth in its lending and insurance businesses.
Key Financial Highlights
- Net Profit: Rs 2,417 crore (up 14% YoY)
- Revenue from Operations: Rs 24,507 crore (up 34% YoY)
- Assets Under Management (AUM): Rs 3.28 lakh crore (up 34% YoY)
- Loan Book Growth: 35% YoY
Segment-Wise Performance
1. Lending Business (Bajaj Finance)
- Loan Book: Expanded by 35% YoY
- New Loans Disbursed: Increased significantly, driven by consumer and SME segments
- Asset Quality: Stable with controlled NPAs
2. Insurance Business (Bajaj Allianz)
- Life Insurance: Premium growth of 29% YoY
- General Insurance: Strong underwriting performance
Management Commentary
The management highlighted:
- Strong demand in retail and SME lending
- Improved operational efficiency contributing to profitability
- Expansion in digital offerings enhancing customer reach
Market Reaction & Future Outlook
Following the results, Bajaj Finserv’s stock saw positive investor sentiment. Analysts expect:
- Sustained growth in FY25 due to India’s expanding credit market
- Increased penetration in insurance and lending sectors
- Focus on digital transformation to drive efficiency
Conclusion
Bajaj Finserv’s Q4 results reflect resilient growth despite macroeconomic challenges. With strong fundamentals and strategic expansions, the company is well-positioned for future growth.
Read the full article on Moneycontrol: Bajaj Finserv Q4 Results