Bajaj Finserv Soars 8% as Insurance Push Fuels Profit
2 months ago

Bajaj Finserv Soars 8% as Insurance Push Fuels Profit

New Indian Express  

Bajaj Finserv reports an 8 percent rise in net profit to Rs 2,087 crore in the September quarter. The company's net gain on fair value of investments increased by Rs 1,650 crore, contributing significantly to the overall profit. The revenue of the company jumped 29 percent to Rs 33,704 crore, but it did not translate into commensurate net income due to higher expenses on finance cost and insurance claims paid during the quarter.

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History of this topic

Bajaj Housing Finance share price tumbles 6% as 3-month IPO lock-in period ends today
1 week, 4 days ago

Bajaj Housing Finance share price tumbles 6% as 3-month IPO lock-in period ends today

Live Mint  

Shares of Bajaj Housing Finance tumbled 6% in intraday trade on Thursday, December 12 to a two-week low of ₹132.80 apiece. This decline comes as the three-month shareholder lock-in period ended today, releasing 12.5 crore shares, or 2% of the outstanding equity of Bajaj Housing Finance, which is now available for sale in the secondary market. Bajaj Housing Finance is …

Stocks to Watch: Vodafone Idea, NHPC, Torrent Power, BEL, Bajaj Finserv, and more
1 week, 6 days ago

Stocks to Watch: Vodafone Idea, NHPC, Torrent Power, BEL, Bajaj Finserv, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Torrent Power: Torrent Power announced that its ₹3,500 crore qualified institutional placement issue was oversubscribed by four times, receiving bids worth ₹14,000 crore. Bajaj Finserv: Bajaj Finserv's unlisted insurance subsidiaries, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, reported strong premium performance for November 2024. …

Could these two monopoly businesses still generate solid returns?
1 month, 1 week ago

Could these two monopoly businesses still generate solid returns?

Live Mint  

MUMBAI : Investing can sometimes feel overwhelming, with so many options available. Pidilite Industries Ltd Market share: 70% in adhesives Historical 10-year compound annual growth rate stock return: 22% Pidilite Industries' share price chart View Full Image Stock price movement of Pidilite Industries. Bajaj Auto Ltd Market share: 77.9% in the three-wheeler segment Historical 10-year CAGR stock return: 14% Bajaj …

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
2 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint  

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO
Top News
2 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO

News 18  

Bajaj Housing Finance reports a significant increase in its net profit to Rs 546 crore for the Q2 FY25, compared to Rs 451 crore a year ago. The company raised Rs 6,560 crore through an IPO in September 2024, which helped boost its AUM to Rs 1.03 lakh crore. Despite a slight decline in the net profit margin, the company's …

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore
2 months ago

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore

New Indian Express  

Bajaj Housing Finance reports a 21 percent increase in net income to Rs 546 crore in the September quarter. The company's net interest income grew 13 percent to Rs 713 crore, while assets under management surged 26 percent to Rs 1.03 trillion. However, the net profit margin declined to 22.64 percent from 23.6 percent. The company's capital adequacy ratio has …

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing
2 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing

India Today  

Bajaj Housing Finance reports a significant increase in its net profit and revenue for the quarter ending September 2024. The company's net profit jumped by 21%, reaching Rs 546 crore, compared to Rs 451 crore in the same period last year. The revenue from operations also saw a rise of 26%, reaching Rs 2,410 crore. The company's net interest income …

Bajaj Housing Finance shares hit 10% upper circuit limit after blockbuster debut
3 months ago

Bajaj Housing Finance shares hit 10% upper circuit limit after blockbuster debut

The Hindu  

Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday surged 10% to hit the upper circuit limit, extending the listing day gains. Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with a huge premium of nearly 136% against the issue price of ₹70. The ₹6,560-crore initial public offer of Bajaj Housing Finance Ltd …

Bajaj Housing Finance shares hit 10 pc upper circuit limit after blockbuster debut
3 months ago

Bajaj Housing Finance shares hit 10 pc upper circuit limit after blockbuster debut

New Indian Express  

NEW DELHI: Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday surged 10 per cent to hit the upper circuit limit, extending the listing day gains. The stock jumped 10 per cent to hit the upper circuit limit of Rs 181.48 on the BSE. Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with …

Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?
3 months, 1 week ago

Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?

Hindustan Times  

Bajaj Housing Finance made a remarkable debut on the BSE with its shares listing at ₹150, a premium of 114.2 per cent over the issue price of ₹70. Bajaj Housing Finance shares opened at ₹ 150, a significant premium over its IPO price. Shriram Subramanian, Founder and MD, InGovern Research Services, said, “As expected the Bajaj Housing Finance stock listed …

Kotak Bank profit up 81% to Rs 6,250 crore
5 months ago

Kotak Bank profit up 81% to Rs 6,250 crore

New Indian Express  

MUMBAI: A stake sale in its general insurance subsidiary has boosted standalone net income of the fourth largest private sector lender, Kotak Mahindra Bank, by 81% to Rs 6,250 crore, of which as much as Rs 3,012 crore came in as the one-time income from deal with Zurich Insurance group that picked up 70% in the company during June quarter. …

Bajaj Auto Q1 Results Live : profit rise by 18.1% YOY
5 months ago

Bajaj Auto Q1 Results Live : profit rise by 18.1% YOY

Live Mint  

Bajaj Auto Q1 Results Live : Bajaj Auto declared their Q1 results on 16 Jul, 2024, with the topline increasing by 15.71% and the profit increasing by 18.1% YoY. Bajaj Auto delivered 1.93% return in the last week, 33.24% return in the last 6 months, and 42.97% YTD return. As of 17 Jul, 2024, out of 39 analysts covering the …

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights
5 months, 1 week ago

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights

Live Mint  

Bajaj Auto, the two and three-wheeler manufacturer, on Tuesday reported a net profit of Rs1,988 crore in the first quarter of FY25, upon a revenue of ₹11,928 crore. Here are key highlights from Bajaj Auto Q1 Results: Net Profit Bajaj Auto Q1 net profit rose 19.4% to Rs1,988 crore from ₹1,665 crore in the year-ago quarter. Revenue Bajaj Auto's revenue …

Chart Beat: It is back to action for Bajaj Finance in Q1FY25
5 months, 2 weeks ago

Chart Beat: It is back to action for Bajaj Finance in Q1FY25

Live Mint  

Bajaj Finance Ltd reported a significant uptick in its June quarter performance following the Reserve Bank of India's decision on 2 May to lift restrictions on the company’s 'eCOM' and 'Insta EMI Card' loan sanctioning and disbursal operations. In Q1FY25, Bajaj Finance added 4.47 million new customers, marking a healthy 16% year-on-year increase and a multi-quarter high. “The trend of …

Bajaj Housing Finance files for Rs.7000 crore IPO following RBI mandate
6 months, 2 weeks ago

Bajaj Housing Finance files for Rs.7000 crore IPO following RBI mandate

Hindustan Times  

Bajaj Housing Finance is launching a Rs.7,000 crore IPO. Bajaj Housing Finance managed Rs.91,370 crore worth of assets as of March 31st this year. Bajaj Housing Finance was till now, a wholly-owned subsidiary of Bajaj Finance. The lead book-runners are Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs Securities Private Limited, SBI Capital Markets …

Bajaj Finserv Q4 Results: Net Profit Jumps 20% to Rs 2,119 Crore, Rs 1 Dividend Declared
7 months, 3 weeks ago

Bajaj Finserv Q4 Results: Net Profit Jumps 20% to Rs 2,119 Crore, Rs 1 Dividend Declared

News 18  

Bajaj Finserv Ltd on Friday reported a 20 per cent jump in its consolidated net profit to Rs 2,119 crore for the fourth quarter ended March 31, 2024. For the financial year 2023-24, the company witnessed a 27 per cent increase in profit to Rs 8,148 crore, as against Rs 6,417 crore in the previous fiscal. Bajaj Allianz General Insurance …

Bajaj Finance: Up 4000% in last 10 years but negative in 2024 so far, should you buy the stock?
8 months, 1 week ago

Bajaj Finance: Up 4000% in last 10 years but negative in 2024 so far, should you buy the stock?

Live Mint  

The last one year has not been very impressive for the non-banking lenders on the back of high credit costs even as their asset quality remains robust. December quarter earnings In the December quarter,Bajaj Finance posted a 22.40 percent year-on-year rise in its consolidated net profit at ₹3,638.95 crore as against ₹2,973 crore in the same period last fiscal. Read …

Bajaj Finserv Q2 net profit rises 24% to ₹1,929 crore; stock jumps over 2%
1 year, 1 month ago

Bajaj Finserv Q2 net profit rises 24% to ₹1,929 crore; stock jumps over 2%

Live Mint  

Bajaj Finserv on Friday reported a consolidated net profit of ₹1,929 crore for the second quarter of FY24, registering a growth of 24% from ₹1,557 crore in the corresponding quarter of last fiscal. Bajaj Finserv Asset Management received encouraging response to its mutual fund schemes launched in the quarter with Assets Under Management of ₹5,235 crore at 30 September 2023, …

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY
1 year, 2 months ago

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY

Live Mint  

Bajaj Finance, the leading financial services company, has declared their Q2 FY24 results on 17 Oct, 2023. In addition, when compared to the previous quarter, Bajaj Finance reported a growth of 7.04% in revenue and 3.31% in profit. In terms of stock performance, Bajaj Finance has delivered a return of 0.12% in the last 1 week, 36.81% in the last …

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore
1 year, 4 months ago

Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore

Live Mint  

Bajaj Auto Ltd on Tuesday reported an 42% year-on-year rise in its net profit for the fiscal's first quarter ended June to ₹1,664.77 crore. The company's total revenue from operations rose nearly 29% on year to ₹10,309.77 crores during the quarter ended June from ₹8,004.97 crore in Q1FY23. All businesses contributing to the solid delivery - robust double digit motorcycle …

Bajaj Finance Q1FY24 Update: Loan book up 34%, AUM up 32% to ₹2.7 lakh crore
1 year, 5 months ago

Bajaj Finance Q1FY24 Update: Loan book up 34%, AUM up 32% to ₹2.7 lakh crore

Live Mint  

Bajaj Finance's loan book grew 34 per cent to 9.9 MM in the April-June quarter of the current fiscal, compared to 7.2 MM in the corresponding period last year. The company recorded highest ever quarterly increase in its customer franchise of 3.84 MM in Q1 FY24, said Bajaj Finance in a regulatory filing to the stock exchanges on July 3. …

Bajaj Finance target price raised by Jefferies, 18% upside expected
1 year, 6 months ago

Bajaj Finance target price raised by Jefferies, 18% upside expected

Live Mint  

Bajaj Finance, the non-banking finance company, has received a boost from global research house Jeffries. Jefferies has raised its target price on Bajaj Finance citing its strong loan book growth, robust new customer acquisition and stable margins and asset quality. Jefferies highlighted a presentation made by Bajaj Finance CEO Rajeev Jain who spoke about the company’s strong presence in consumer …

Bajaj Finserv Q4 Profit Rises by 31% to Rs 1,769 Crore
1 year, 7 months ago

Bajaj Finserv Q4 Profit Rises by 31% to Rs 1,769 Crore

News 18  

Bajaj Finserv Ltd on Wednesday reported a 31 per cent jump in its consolidated net profit at Rs 1,769 crore for the fourth quarter ended in March 2023. The total consolidated income during the March 2023 quarter increased to Rs 23,625 crore, as against Rs 18,862 crore in the corresponding period of the previous financial year, BFL, the holding company …

Bajaj Finserv Q4 results: Consolidated profit jumps 31.4%
1 year, 7 months ago

Bajaj Finserv Q4 results: Consolidated profit jumps 31.4%

Live Mint  

NBFC-major Bajaj Finserv posted a 31.4% growth in consolidated net profit to ₹1,769 crore for the fourth quarter of FY23 compared to a profit of ₹1,346 crore in the same quarter a year ago. Here's how Bajaj Finserv's companies have performed in Q4FY23: Bajaj Finance Ltd In comparison to Q4 FY22, the company's overall revenue climbed by 32% to ₹11,363 …

Bajaj Finance Q4 net rises 30% on stronger interest income
1 year, 7 months ago

Bajaj Finance Q4 net rises 30% on stronger interest income

Live Mint  

Consumer financier Bajaj Finance Ltd on Wednesday reported a 30% year-on-year rise in consolidated net profit to ₹3,158 crore for the three months to March, owing to higher net interest income. In Q4 FY23, Bajaj Finance said it recorded highest-ever quarterly growth in assets under management of ₹16,537 crore. In Q4, Bajaj Finance said it added 3.09 million new customers …

Bajaj Finserv To Soon Start Mutual Fund Business, Gets Licence from Sebi; Check Details
1 year, 9 months ago

Bajaj Finserv To Soon Start Mutual Fund Business, Gets Licence from Sebi; Check Details

News 18  

Diversified financial services major Bajaj Finserv is soon going to start its mutual fund business, as the company has received the final registration from the Securities and Exchange Board of India to commence the new vertical under ‘Bajaj Finserv Mutual Fund’. “Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited as the investment manager, will soon offer a range …

Bajaj Finserv shares: IIFL maintains ‘Add’ rating on the stock. Key triggers
2 years, 2 months ago

Bajaj Finserv shares: IIFL maintains ‘Add’ rating on the stock. Key triggers

Live Mint  

Domestic brokerage and research firm IIFL hosted the senior management of Bajaj Finserv Ltd for investor meetings in the USA. “Insurance businesses are firing on all cylinders investments in finance and health platforms would create extensions that would be value accretive over the next decade. The brokerage has maintained its ‘Add’ rating on Bajaj Finserv shares with a 12-month target …

Bajaj Finance's Profit More Than Doubles to Rs 2,596 Crore in June Quarter
2 years, 4 months ago

Bajaj Finance's Profit More Than Doubles to Rs 2,596 Crore in June Quarter

News 18  

Bajaj Finance Ltd on Wednesday reported its highest-ever consolidated quarterly net profit at Rs 2,596 crore for the June quarter, helped by robust income due to brisk loan growth. Total income rose by 38 per cent to Rs 9,283 crore during the June quarter as against Rs 6,743 crore in corresponding quarter last year, Bajaj Finance said in a regulatory …

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