Bajaj Finserv Beats Estimates with Strong Q1
Bajaj Finserv Ltd reported a 10% rise in net profit to ₹2,138 Crore for Q1 FY25, with consolidated income increasing 35% to ₹31,480 Crore. Bajaj Finance saw a 14% increase in net profit to ₹3,912 Crore and a 25% rise in net interest income to ₹8,365 Crore. The company has resumed loan activities following the RBI’s easing of restrictions. New loan bookings grew by 10%, and assets under management rose 31% to ₹3.5 lakh Crore. Gross and net NPA ratios slightly improved compared to the previous year. Bajaj Finserv Health completed the acquisition of Vidal Healthcare, and Bajaj Allianz General Insurance reported a 24% increase in gross written premiums to ₹4,761 Crore.
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