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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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Bajaj Finserv Q4 Results

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.
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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.
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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

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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


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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