Bajaj Finserv Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 03:43 am EDT
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Bajaj Finserv Ltd. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 260,226.6 million compared to INR 208,033.3 million a year ago. Net income was INR 19,289.6 million compared to INR 15,569.3 million a year ago. Basic earnings per share from continuing operations was INR 12.1 compared to INR 9.8 a year ago. Diluted earnings per share from continuing operations was INR 12 compared to INR 9.8 a year ago.
For the six months, revenue was INR 493,026.4 million compared to INR 366,917.1 million a year ago. Net income was INR 38,715.9 million compared to INR 28,663.1 million a year ago. Basic earnings per share from continuing operations was INR 24.3 compared to INR 18 a year ago. Diluted earnings per share from continuing operations was INR 24.1 compared to INR 18 a year ago.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include life insurance, general insurance, windmill, retail financing, and investments and others. It focuses on urban lending, two and three-wheeler lending, small and medium enterprise lending, rural lending, mortgages, loan against securities, and commercial lending. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
BAJAJ FINSERV LTD. 
