Bajaj Finserv Q1FY24 Results: Consolidated PAT of Rs. 1,942.63 Cr

Bajaj Finance acquires 26% stake in Pennant Technologies

Bajaj Finserv Q1 results show revenue fell from 23,624.95 crores to 23,279.98 crores, a 1.46% decrease in growth. EPS down from ₹11.1 to ₹12.2, down by 9.91%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Bajaj Finserv shared its Q1 results on Thursday. They earned 23,279.98 crores in revenue this quarter, but that’s less than the 23,624.95 crores they made last quarter. The company’s growth decreased by 1.46 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1,942.63 crores, up from 1,768.95 crores in the previous quarter. Their quarter-to-quarter growth increased by 9.82 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹12.2, which is a decrease of 9.91% from the ₹11.1 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 23,279.98 crores this year (2023), which is 46.52 percent higher than last year’s total revenue of 15,888.38 crores.

This year’s PAT (Profit After Tax) is 1,942.63 crores, which is also 48.36% higher than last year’s PAT of 1,309.38 crores.

The EPS (Earnings Per Share) for this year is ₹12.2, which is 48.78% more than the EPS of ₹8.2 earned last year.

Bajaj Finserv Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Bajaj Finserv:

Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions 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.

Download the Full PDF of Bajaj Finserv Q1 Results: Click Here

For more of the Latest News, Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *