Pune: Bajaj Finserv is making waves in the financial world with a remarkable 10% increase in its consolidated net profit for the first quarter of fiscal year 2024-25 (Q1FY25), hitting an impressive ₹2,138 crore. But that’s not all – the company’s total income also saw a significant jump, soaring by 35% to ₹31,480 crore.
The insurance sector under Bajaj Finserv’s umbrella is also thriving. Bajaj Allianz General Insurance Company reported a whopping 24% growth in gross written premiums, raking in a total of ₹4,761 crore. Meanwhile, Bajaj Allianz Life Insurance Company saw a 26% increase in individual-rated new business premiums and an 11% growth in net new business value.
Not to be outdone, Bajaj Finance, a key player within Bajaj Finserv, boasted a consolidated net total income of ₹10,418 crore for Q1FY25, marking a 24% increase from the previous period. The company’s consolidated net profit for the quarter also rose by 14% to ₹3,912 crore, showcasing a strong performance in its financial services operations.
It’s clear that Bajaj Finserv is on a winning streak, with impressive growth across the board in the first quarter of the fiscal year. Keep an eye on this financial powerhouse as it continues to make waves in the industry.
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