Bajaj Finserv Q4 Results
Bajaj Finserv's Q4 Results show how well the company did financially in the last three months of its year. The company has made more money but had slightly less profit compared to before.
by S Samayanka
Updated Apr 25, 2024
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What is the Q4 Report?
A Q4 report, or fourth-quarter report, is a summary of a company’s financial performance during the last three months of its fiscal year. Companies use the Q4 report to inform investors and the public about their financial health. It includes information like:
- Revenue: how much money the company made from sales.
- Expenses: The costs incurred by the company.
- Net Profit: The money left after all expenses are paid.
- Cash Flow: The amount of cash that flows in and out of the business.
Bajaj Finserv
Bajaj Finserv Limited is an Indian company headquartered in Pune. It provides various financial services, like:
- Bajaj Finserv gives money to individuals and business firms. They provide loans for various purposes, including buying homes, and vehicles.
- They help people grow their wealth and manage investments. It includes managing mutual funds and other investments.
- Bajaj Finserv helps individuals handle their finances, plan for the future, and achieve financial goals.
- They provide insurance services like health, travel, home, and life insurance.
Bajaj Finserv Q4 Results
|
Fiscal Period |
Mar 23 |
Dec 22 |
QoQ Comp |
|
Total Revenue |
23,623.94 |
21,754.33 |
8.59% |
|
Selling/General/Admin Expenses Total |
3,830.94 |
3,183.44 |
20.34% |
|
Depreciation/ Amortization |
180.58 |
171.55 |
5.26% |
|
Other Operating Expenses Total |
1,686.16 |
1,553.29 |
8.55% |
|
Total Operating Expense |
15,649.77 |
14,094.65 |
11.03% |
|
Operating Income |
7,974.17 |
7,659.68 |
4.11% |
|
Net Income Before Taxes |
4,540.46 |
4,418.96 |
2.75% |
|
Net Income |
1,768.95 |
1,782.02 |
-0.73% |
|
Diluted Normalized EPS |
14.63 |
15.17 |
-3.51% |
|
Exchange |
Index |
Change |
Change (%) |
Volume |
|
BSE |
1,638.05 |
+7.60 |
0.47% |
30.05 K |
|
NSE |
1,632.45 |
+2.10 |
0.13% |
5.83 L |
Bajaj Finserv Q4 Results Highlights
Bajaj Finserv’s performance in Q4 fiscal year 2024 reflects strong growth and positive financial results.Here are the key highlights of Bajaj Finserv's Q4 results for the fiscal year 2023–2024:
Net Profit:
Bajaj Finance reported a consolidated net profit of Rs 3,158 crore for the quarter ended March 2023, which is a 30% YoY increase compared to the corresponding quarter of last year. The net profit exceeded Rs 2,978 crore.
Net Interest Income (NII):
The firm’s NII surged by 28% to Rs 7,771 crore YoY. This growth in NII reflects the company’s strong performance in interest income.
Assets Under Management (AUM):
AUM increased by 29% for Bajaj Finance, suggesting the company's ability to efficiently manage and expand its loan portfolio.
Dividend:
The company recommended a dividend of Rs 30 per share for the financial year ending March.
Analysts suggest holding onto the stock, maintaining its ‘buy’ rating due to Bajaj Finance’s potential to enter the credit card market and favorable risk-reward outlook.
Net Profit of Bajaj Finance in Last Three Quarters
Bajaj Finance's consolidated net profit for each quarter of FY 2023–24, along with the year-on-year growth percentage.
|
Quarter |
Net Profit (Consolidated) |
Year-on-Year Growth |
|
Q1 FY24 |
₹3,437 crore |
32.4% |
|
Q2 FY24 |
₹3,550.8 crore |
27.8% |
|
Q3 FY24 |
₹3,638.95 crore |
22% |
Bajaj Finserv Quarterly Financial Statement
|
Particulars |
Q3 FY24 |
Q3 FY23 |
|
Income |
||
|
Interest income |
13,922.38 |
10,430.43 |
|
Dividend income |
25.93 |
18.50 |
|
Rental income |
1.23 |
1.02 |
|
Fees and commission income |
1,364.75 |
1,083.15 |
|
Net gain/loss on fair value change |
796.49 |
706.15 |
|
Sale of energy generated and services |
236.08 |
123.37 |
|
Premiums and other operating income from insurance business |
12,308.62 |
9,102.50 |
|
Others |
382.95 |
290.03 |
|
Total revenue from operations |
29,038.43 |
21,755.15 |
|
Other income |
- |
0.20 |
|
Total income |
29,038.43 |
21,755.35 |
|
Expenses |
||
|
Employee benefits expenses |
2,663.08 |
2,156.32 |
|
Finance costs |
4,776.53 |
3,240.78 |
|
Fees and commission expenses |
1,783.43 |
1,027.12 |
|
Impairment of financial instruments: lending assets |
1,248.35 |
841.29 |
|
Impairment of financial instruments (investments) |
(10.03) |
3.78 |
|
Claims paid |
5,951.70 |
4,245.94 |
|
Reinsurance ceded |
2,821.69 |
1,937.79 |
|
Net change in insurance/investment contract liabilities |
2,535.87 |
2,157.57 |
|
Depreciation, amortization and impairment |
232.09 |
171.55 |
|
Other expenses |
1,606.52 |
1,554.31 |
|
Total expenses |
23,609.23 |
17,336.45 |
|
Share of profit/loss of joint venture and associate |
1.75 |
0.06 |
|
Profit before tax (1-2+3) |
5,430.95 |
4,418.96 |
|
Tax expense |
||
|
Current tax |
1,342.51 |
1,091.87 |
|
Deferred tax |
43.15 |
26.88 |
|
Total tax expense |
1,385.66 |
1,118.75 |
|
Profit after tax (4-5) |
4,045.29 |
3,300.21 |
|
Profits attributable to non-controlling interests |
1,887.62 |
1,518.19 |
|
Profit for the period (6-7) |
2,157.67 |
1,782.02 |
|
Other comprehensive income, net of tax |
||
|
(a) Items that will not be reclassified to profit or loss |
322.43 |
140.78 |
|
(b) Items that will be reclassified to profit or loss |
(145.32) |
178.48 |
|
Total other comprehensive income, net of tax |
177.11 |
319.26 |
|
Total comprehensive income (6+9) |
4,222.40 |
3,619.47 |
|
Profit attributable to: |
||
|
Owners of the company |
2,157.67 |
1,782.02 |
|
Non-controlling interests |
1,887.62 |
1,518.19 |
|
Total comprehensive income attributable to: |
||
|
Owners of the company |
2,283.84 |
2,008.89 |
|
Non-controlling interests |
1,938.56 |
1,610.58 |
|
Paid-up equity share capital (Face value of ₹ 1) |
159.26 |
159.14 |
|
Other equity |
||
|
Earnings per share (₹) (not annualised) |
||
|
Basic |
13.6 |
11.2 |
|
Diluted |
13.4 |
11.2 |
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Bajaj Finserv Q4 Results - FAQs
1. What is a Q4 report?
A Q4 report summarizes a company's financial performance in the last three months of its fiscal year.
2. What is Bajaj Finserv?
Bajaj Finserv is an Indian company based in Pune that offers various financial services.
3. What does Bajaj Finserv provide?
Bajaj Finserv provides loans, wealth management, financial planning, and insurance services.
4. What are the key financial figures in Bajaj Finserv's Q4 report?
The key figures include total revenue, expenses, net profit, and operating income.
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