What was the Bajaj Finserv Q4 Revenue?
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For Q4, the Company reported its Revenue at ₹32,042 Crore, up by 36% over the same period of the last fiscal year.
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Bajaj Finserv Q4 Results were announced on 26 April 2024, recording optimism in different areas of its financials and performance for Q4 and FY2023-24. Pleased to announce a customer franchise increase of 14.5 million and new loans being booked at 36.2 million, the NBFC also clocked a Q4 Consolidated TotaRead more... Income of ₹32,042 Crore, and Consolidated PAT of ₹2,119 Crore, up by 36%, and 20%, both increased from the previous fiscal year’s same quarter, respectively. The Company revealed that favourable headwinds in the macroeconomic environment drove their Q4 results, with segment results showing signs of positive growth for the NBFC as well.Read less
The mantra of Bajaj Finserv’s Q4 results should be “Healthy, healthy, and more healthy” as the once little-known NBFC gains traction in its financials and performance quarter after quarter. Q4 results have to be discussed by accounting for its key business segments. Given this, posting an all-time high in Consolidated Profit and Total Income for the 2024 fiscal year, BFL’s (the major business segment of Bajaj Finserv - Bajaj Finance) Consolidated Assets Under Management (AUM) hit a figure of more than ₹330,000 Crore. Furthermore, Q4 witnessed a Consolidated Total Income of ₹32,042 Crore, a rise of 36% over the same quarter of the last fiscal year. In other promising results, Bajaj Finance’s (a main contributor to the conglomerate’s Consolidated Revenue growth) Gross Non-Performing Assets (NPA) were at 0.85%, while Net Non-Performing Assets stood at 0.37% at the close of 31 March 2024, an improvement over the figures of 31 March 2023.
Explore: Bajaj Finserv Share Price
Translating to a win for Bajaj Finserv, its financial results have reflected growth in the Company’s operations and businesses (the Company has included the financial results for Q4 for its key businesses of Bajaj Finance, General Insurance, and Life Insurance as well). Here are the five major highlights of the NBFC’s Q4 consolidated financial results:
Additional Read: Bajaj Finserv Ltd – A Detailed Study
Bajaj Finserv Q4 results may be considered exemplary as the Company’s strategies to lead business growth have proven to be fruitful in Q4 as well as FY22023-24. Here are some highlights of the business as reported in the Company’s Q4 results, with Bajaj Finance Limited contributing the most in terms of Revenue Growth to the Company’s results:
Additional Read: 129 Indian Companies to Release Q4 Results
Metrics | Q4 FY24 | Q4 FY23 | Change % |
Total Revenue | 34,042 | 23,625 | 36% up |
PAT | 2,119 | 1,769 | 20% up |
PAT Excluding MTM Gain/Loss | 2,152 | 1,836 | 17% up |
Metrics | Q4 FY24 | Q4 FY23 |
Total Income | 32,041 | 23,624 |
Total Expenses | 26,518 | 19,086 |
Profit for the Period | 2,118 | 1,768 |
Total Comprehensive Income | 5,270 | 3,318 |
EPS Basic | 13.3 | 11.1 |
EPS Diluted | 13.2 | 11.0 |
Additional Read: Quarterly Results
Bajaj Finserv’s Q4 results have to be seen from the perspective of all its segments and businesses which actively contribute to an overall proficient result for Q4. Significantly, and a key indicator for the road ahead for Bajaj Finserv, is the beyond-par performance of Bajaj Finance, with AUM growth at ₹19,647 Crore. Additionally, for this lucrative business segment, Net Interest Income (NII) for Q4 FY24 was ₹8,013 Crore relative to ₹6,254 Crore in Q4 FY23. The segment also added new customers and new loans, further increasing its growth potential. In terms of other business segments, Bajaj Finserv has shown promise as its insurance products have consistently been positioned among the top players in the country. With a balanced product mix and a channel mix to match, segments of the business, including the new asset management business look ahead with profitability and success.
Additional Read: Annual Results
Bajaj Finserv has all the makings of a leading Indian conglomerate, diversifying its operations into key areas with steady growth and a bright future for its growing client base. With new initiatives in many sectors like health and asset management, the tried and trusted financial company is on its way to bigger things in FY25. With its emerging business offerings of Bajaj Asset Management, Bajaj Health, and Bajaj Housing Finance taking leaps in business, the Company is set on a path of substantial growth as it adopts technology to boost its business operations.
Results for the Fourth Quarter and Full Year Ended March 31, 2024
Source:
Bajaj Finserv Investor Presentation on BSE
Bajaj Finserv Press Release on BSE
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For Q4, the Company reported its Revenue at ₹32,042 Crore, up by 36% over the same period of the last fiscal year.
Bajaj Finserv’s Q4 results showed the Company’s Revenue Growth which all its businesses contributed to. However, the business that contributed the most to this was Bajaj Finance with a Consolidated Revenue of ₹14,934 Crore.
Some of the emerging businesses of Bajaj Finserv are Bajaj Health and Bajaj Asset Management Company.
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