Bajaj Finserv Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 20, 2021 at 07:54 pm IST
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Bajaj Finserv Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 159,607.2 million compared to INR 145,607.4 million a year ago. Net income was INR 12,899.6 million compared to INR 11,256.4 million a year ago. Basic earnings per share from continuing operations was INR 81.1 compared to INR 70.7 a year ago. Diluted earnings per share from continuing operations was INR 81 compared to INR 70.7 a year ago. For the nine months, total revenue was INR 452,043.2 million compared to INR 410,572.2 million a year ago. Net income was INR 34,914 million compared to INR 31,747 million a year ago. Basic earnings per share from continuing operations was INR 219.4 compared to INR 199.5 a year ago. Diluted earnings per share from continuing operations was INR 219.3 compared to INR 199.5 a year ago.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include life insurance, general insurance, windmill, retail financing, and investments and others. It focuses on urban lending, two and three-wheeler lending, small and medium enterprise lending, rural lending, mortgages, loan against securities, and commercial lending. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
BAJAJ FINSERV LTD. 
