Become a Franchise Trade Now BA Connect Open an Account Reactivation KYC Modification DP Login
Hot Pursuit
Prev Next
As on Apr 26, 2024 12:00 AM Your results on : Hot Pursuit    
Bajaj Finserv Q4 PAT climbs 20% YoY to Rs 2119 cr
26-Apr-2024 (15:22)
Total income increased 35.63% YoY to Rs 32041.93 crore in Q4 FY24.

Profit before tax stood at Rs 5526.54 crore in the quarter ended 31 March 2024, up 21.72% as compared with Rs 4,540.46 crore in Q4 FY23.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.45% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

Bajaj Finance (BFL) reported 21% jump in net profit to Rs 3,825 crore in Q4 FY24 as compared with Rs 3,158 crore in Q4 FY23. This includes profit after tax of its 100% mortgage subsidiary, BHFL, of Rs 381 crore in Q4 FY24 as against Rs Rs 302 crore in Q4 FY23, up 26%. The consolidated profit was impacted by approximately 4% due to regulatory action on two businesses.

Gross Non-Performing Assets (NPA) and Net NPA as on 31 March 2024 stood at 0.85% and 0.37% respectively as against 0.94% and 0.34% as on 31 March 2023. Provisioning coverage ratio on stage 3 assets is 57%. BFL holds a management and macro-economic overlay of Rs 300 crore as on 31 March 2024.

Assets Under Management (AUM) as on 31 March 2024 were Rs 3,30,615 crore compared wth Rs 2,47,379 crore as on 31 March 2023, registering the growth of 34%. This includes AUM of Rs 91.370 crore of BHFL. which recorded a growth of 32% over the AUM as on 31 March 2023.

Capital adequacy ratio (CRAR) (including Tier-II capital) as on 31 March 2024 increased to 22.52%. The Tier-I capital stood at 21.51%. For BHFL, the capital adequacy ratio (including Tier-II capital) stood at 21.28%.

Bajaj Allianz General Insurance Company (BAGIC) gross written premium for Q4 FY24 increased by 32% to Rs 4,962 crore as compared with Rs 3,766 crore in Q4 FY23. Excluding tender-driven crop and government health insurance premium, BAGIC's gross written premium increased by 13% to Rs 3,780 crore in Q4 FY24 from Rs 3,345 crore in Q4 FY23.

Claim ratio increased to 70.3% in Q4 FY24 as against 66.4% in Q4 FY23. Claim ratio is higher than previous year on account of higher claim ratio in Health and Motor TP segments, partially offset by lower commercial & crop claims.

During the quarter, profit after tax jumped 18% to Rs 380 crore as compared with Rs 322 crore posted in the quarter ended 31 March 2023.

As on 31 March 2024, solvency ratio was 349%, which is well above the minimum regulatory requirement of 150%.

Assets under management (AUM), represented by cash and investments stood at Rs 31,196 crore as on 31 March 2024 as compared with Rs 27,809 crore as on 31 March 2023, up 12%.

Bajaj Allianz Life Insurance Company's (BALIC) new business premium for Q4 FY24 increased by 20% to Rs 3,953 crore as compared with Rs 3,297 crore in Q4 FY23. Renewal premium for 04 FY24 stood at Rs 4,230 crore as against Rs 3,137 crore in Q4 FY23, registering the growth of 35%.

Shareholders' profit after tax during Q4 FY24 increased to Rs 106 crore as compared with Rs 26 crore in Q4 FY23.

Gross written premium jumped 27% to Rs 8,183 crore in Q4 FY24 as compared with Rs 6,434 crore in Q4 FY23.

Net New Business Value (NBV). which is the key metric used to measure profitability of life insurance business, increased 16% to Rs 480 crore in Q4 FY24 as against Rs 415 crore in Q4 FY23.

Solvency ratio stood at a healthy 432% as on 31 March 2024 as against the minimum regulatory requirement of 150%. Assets Under Management (AUM), represented by total investments stood atRs 1,09,829 crore as on 31 March 2024 as compared with Rs 90,584 crore as on 31 March 2023.

Meanwhile, the company?s board has declared a dividend of Rs 1 per equity share of face value of Rs 1 for the financial year ended 31 March 2024. The said dividend, if declared, by the shareholders at the ensuing Annual General Meeting, will be credited on or about Friday, 26 July 2024 or Saturday, 27 July 2024.

The scrip declined 3.76% to Rs 1,593.60 on the BSE.

L&T Technology Services Ltd leads losers in 'A' group
26-Apr-2024 (15:00)
Mohit Industries Ltd leads losers in 'B' group
26-Apr-2024 (14:45)
Volumes soar at Zensar Technologies Ltd counter
26-Apr-2024 (14:30)
Supreme Inds records PAT of Rs 355 crore in Q4; OPM at 17.56%
26-Apr-2024 (13:59)
Telecom stocks edge lower
26-Apr-2024 (14:00)
Banking stocks edge lower
26-Apr-2024 (14:00)
Financials stocks edge lower
26-Apr-2024 (14:00)
Union Bank of India up for third straight session
26-Apr-2024 (13:05)
NMDC Ltd gains for third straight session
26-Apr-2024 (13:05)
Hindustan Zinc Ltd soars 3.04%, up for third straight session
26-Apr-2024 (13:05)
Hindustan Copper Ltd up for third straight session
26-Apr-2024 (13:05)
HDFC Asset Management Company Ltd soars 1.34%, Gains for third straight session
26-Apr-2024 (13:05)
Muthoot Finance Ltd spurts 1.87%, rises for third straight session
26-Apr-2024 (13:05)
Cyient Q4 PAT jumps 29% QoQ to Rs 189 cr
26-Apr-2024 (13:00)
Mankind Pharma Ltd up for five straight sessions
26-Apr-2024 (13:00)
Torrent Pharmaceuticals Ltd soars 0.69%, up for fifth straight session
26-Apr-2024 (13:00)
Divis Laboratories Ltd spurts 3.79%, up for five straight sessions
26-Apr-2024 (13:00)
Biocon Ltd spurts 4.01%, rises for fifth straight session
26-Apr-2024 (13:00)
Sun TV Network Ltd soars 4.32%, rises for fifth straight session
26-Apr-2024 (13:00)
Connect with us :   
Globe
About us
Our Services
Milestones
Memberships
Core Values
Investor Relations
Product & Services
Broking
Institutional Broking
PMS
Clearing Services
Distribution
Research
Depository
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Mobile App Demo
ODIN User Manual
Client Reactivation
Segment activation
KYC Modification
Annual Income Updation
MTF Activation
Nomination
Back Office
Back Office
CMS
CMS-TM
KYC/KDC Status
Mutual Fund
CAMS
RMS Policy
Helpdesk
Download Forms
Useful Links
BSE
NSE
SEBI
RBI
MCX
NCDEX
Exchange Holidays
Exchange guidelines on margin collection
Attention Investors
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD
Additional Policy and Procedures
Scores

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances please write to
Investor_trading@globecapital.com /  igr@globecapital.com (For Trading)     globedp@globecapital.com (For DP)    Investor_pms@globecapital.com (For PMS)     
commigr@globecapital.com (For Commodities)
Equity SEBI Registration No INZ000177137, Exchange Registration Nos : NSE TM Code - 06637, Clearing No.- M50302|BSE Clearing No: 3179|MSEI TM Code - 1004 ,Clearing No.- 4| MCX TM No: 8091,Clearing No: 8090 | NCDEX TM No:1287, Clearing No: -M51085|ICEX TM ID-2084 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No :INH100001187 | SEBI PMS Registration No:INP000002361 CMBPID NCL CM :- IN555502
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by CMOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions