Bajaj Finserv Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 30, 2023 at 01:00 pm IST
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Bajaj Finserv Ltd. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 217,553.5 million compared to INR 176,196.4 million a year ago. Net income was INR 17,820.2 million compared to INR 12,557.9 million a year ago. Basic earnings per share from continuing operations was INR 11.2 compared to INR 7.9 a year ago. Diluted earnings per share from continuing operations was INR 11.2 compared to INR 7.9 a year ago.
For the nine months, revenue was INR 584,470.6 million compared to INR 495,773.1 million a year ago. Net income was INR 46,483.3 million compared to INR 32,106.9 million a year ago. Basic earnings per share from continuing operations was INR 29.2 compared to INR 20.2 a year ago. Diluted earnings per share from continuing operations was INR 29.2 compared to INR 20.2 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.