NEW DELHI: Bajaj Finserv on Wednesday reported an 8 per cent rise in its consolidated internet profit to Rs 2,087 crore for the second quarter ended September 30. The firm had posted a profit of Rs 1,929 crore within the July-September quarter a 12 months in the past.
The complete consolidated earnings elevated to Rs 33,704 crore throughout the quarter towards Rs 26,023 crore in the identical interval a 12 months earlier, Bajaj Finserv stated in a regulatory submitting.
The Pune-headquartered firm’s complete expenditure rose to Rs 27,741 crore in comparison with Rs 20,731 crore within the year-ago interval.
Bajaj Finserv Asset Management recorded belongings below administration (AUM) of Rs 16,293 crore as on September 30, 2024.
Its subsidiary Bajaj Allianz General Insurance Company Ltd reported a profit of Rs 494 crore from Rs 468 crore in Q2 FY24, a rise of 6 per cent.
Another subsidiary Bajaj Allianz Life Insurance Company Ltd posted shareholders’ profit after tax at Rs 148 crore down from Rs 193 crore in Q2 FY24 because of new enterprise pressure, greater expense overruns and alter in product combine.
