Bajaj Finserv

By Research Desk
about 10 years ago

 

This is a financial services company and its consolidated performance includes that of Bajaj Allianz Life Insurance (Bajaj Finserv holds 74% stake), Bajaj Allianz General Insurance (74% stake), Bajaj Finance Limited and other small entities. For Q1Fy15, the company posted a 28% (YoY) rise in consolidated income from operations at Rs.1629 crore. Net profit for the quarter came in at Rs.319 crore, up 14%.

The biggest contributor to the performance is the listed company, Bajaj Finance, which showed a 34% rise in total income at Rs.1246 crore, contributing 32% to the total revenue of Bajaj Finserv and its net profit rose 20% at Rs.211 crore. Bajaj Finserv holds 61.54% stake in Bajaj Finance.  On the other hand, Bajaj Allianz General showed a 30% rise in its net profit at Rs.130 crore while Bajaj Alianz Life showed a 3% drop at Rs.286 crore.

This company is a direct beneficiary of the Budget which hiked FDI limit in insurance companies from 26% to 49%, with full Indian management control. Currently, the Bajaj family and its companies hold 58.89% stake . Govt of Singapore holds 3.10%.

1601.60 (+32.95)