Bajaj Finserv Ltd. (NSE: BAJAJFINSV) Releases Q3 FY23 Results

Bajaj Finserv (NSE: BAJAJFINSV) is an Indian financial services company that provides loans, insurance, and investment products. It is a subsidiary of Bajaj Holdings and Investments Limited. The company offers a wide range of financial products and services to individuals and businesses, including personal loans, home loans, car loans, loan against property, and more. Additionally, Bajaj Finserv offers insurance products such as life insurance, health insurance, and travel insurance.

Bajaj Finserv ltd. Total income increased by 23% to Rs 21,755 crore compared to Q3FY22 (Rs 17,620 crore). Profit after tax increased by 42% to Rs 1,782 crore compared to Q3FY22 (Rs 1,256 crore). Bajaj Finance’s profit after tax increased by 40% to Rs 2,973 crore compared to Q3FY22 (Rs 2,125 crore). General insurance’s profit after tax decreased by 9% to Rs 278 crore compared to Q3FY22 (Rs 304 crore). Life insurance’s shareholder’s profit after tax decreased by 8% to Rs 81 crore compared to Q3FY22 (Rs 88 crore). 9MFY23 total income increased by 18% to Rs 58,447 crore compared to 9MFY22 (Rs 49,577 crore).