Bajaj FinServ Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The consolidated revenue during the quarter stood at ₹ 26,022.66 Cr · Bajaj FinServ reported a consolidated net profit of ₹1,928.96 Cr · The consolidated book value per share stood at ₹319 Cr

Performance Highlights

· Bajaj FinServ’s consolidated revenue increased by 25% YoY · The Profit after tax (PAT) saw a remarkable surge of 24% YoY · The consolidated net worth of the enterprise jumped 20% YoY to ₹50,873 Cr

Major Announcements

Bajaj FinServ Ltd., stated that it has expressed its intent to subscribe to the Preferential Issue (PI) of Bajaj Finance Ltd. (BFL) up to an amount not exceeding ₹1,200 Cr. This is subject to the finalisation of terms and conditions for the proposed issue and other considerations.

Company’s Expenses

Concomitantly, the expenses also shot up during the quarter. For the quarter under review, the company reported a total expense of ₹20,730.70 Cr

Source: Bajaj FinServ Limited Financial Report – Q2 Report, BSE