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What is the story about?
Bajaj Finserv reported a largely stable net profit in the third quarter, even as its overall revenue posted a sharp year-on-year increase. The company’s consolidated net profit stood at ₹2,230 crore in Q3, compared with ₹2,231 crore in the same period last year, reflecting near-flat growth.
Total revenue climbed 24% to ₹39,708.6 crore from ₹32,041.8 crore a year earlier, driven by stronger performance across lending and insurance segments.
Net interest income (NII) rose about 19% to ₹13,216 crore, up from ₹11,132 crore in the corresponding quarter last year, indicating higher earnings from its lending business.
Revenue from the insurance business also increased, reaching ₹15,770 crore versus ₹13,341 crore in the year-ago period, marking an approximately 18% rise.
Total revenue climbed 24% to ₹39,708.6 crore from ₹32,041.8 crore a year earlier, driven by stronger performance across lending and insurance segments.
Net interest income (NII) rose about 19% to ₹13,216 crore, up from ₹11,132 crore in the corresponding quarter last year, indicating higher earnings from its lending business.
Revenue from the insurance business also increased, reaching ₹15,770 crore versus ₹13,341 crore in the year-ago period, marking an approximately 18% rise.
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