Bajaj Finserv is set to announce its financial performance for the quarter ending December 2021 (Q3FY22) later today. The NBFC’s stock was under pressure on exchanges.
Bajaj Finserv is the parent company of subsidiaries like Bajaj Finance, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.
Subsidiary Bajaj Finance has announced its Q3FY22 numbers. The company garnered robust earnings with Q3 PAT rising by 85% yoy, while net interest income rose 40% yoy.
Further, earlier this month, Bajaj Finserv had announced the performance of Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. For the nine months of FY22, Bajaj Allianz General Insurance’s gross direct premium underwritten stood at Rs10,419.69. From April – to December 2021, Bajaj Allianz Life Insurance’s premium stood at Rs5,900.09cr.
With the subsidiary’s performance, Bajaj Finserv looks to have a stable Q3 financial performance.
In Q2FY22, Bajaj Finserv had posted a profit of Rs1,122cr up from Rs986cr of the same quarter the previous year. Consolidated total income stood Rs18,008cr in Q2FY22 against Rs15,052cr in the same period a year ago.
At around 12.20 pm, Bajaj Finserv was trading at Rs17653.40 per piece down by Rs434.15 or 2.40% on Sensex. The stock has touched an intraday high and low of Rs18264.75 per piece and Rs17620.05 per piece.
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