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Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore

Business Standard LogoBusiness Standard4h ago

Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore - Business Standard

Quick Summary:

Bajaj Finserv Ltd (BFL) on Wednesday reported 10 per cent increase in consolidated net profit at Rs 2,138 crore for the first quarter ended June 2024.

During the quarter, its subsidiary Bajaj Allianz General Insurance reported 39 per cent jump in profit to Rs 576 crore.

Total income during the quarter increased to Rs 31,480 crore from Rs 23,280 crore in the year-ago period, BFL said in a regulatory filing.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 15:30:48 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 209 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21761030

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 284 posts per day

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News Last Updated: 5 hours ago

Coverage Areas: India

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