Categories Earnings, Finance, Research Summary

The Story Behind Bajaj Finserv Q2FY23 Results

Bajaj Finserv Ltd. serves as the financial services arm for the Bajaj Group. In the diversified financial services companies that come under Bajaj Finserv Ltd., the major ones are Bajaj Finance, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

Majority of the profit for Bajaj Finserv Ltd. comes from its 52.49% stake in Bajaj Finance Ltd. Bajaj Finance enjoyed a great quarter due to increase in its Assets Under management and reduction in loan loss provisions. So, increase in operations coupled with the improvement in asset quality resulted in higher profits. Read more about it here.

The General Insurance Business witnessed de-growth. As per the investor presentation, the reason for decreased profitability comes from the lower realized gains witnessed by Bajaj Allianz General Insurance Business.

The Life Insurance Industry as a whole has seen an uptick in policy sales after the pandemic. Bajaj Allianz Life Insurance observed a 51% YoY growth in its Profits After Tax. The reason behind this growth is lower claims and higher investment income.

Financial Results: 

₹ Cr.Q2FY23Q2FY22YoY
Total Revenue20,80318,00816%
Net Worth42,46237,88612%

Profit After Tax By Individual Group Companies:

PAT (₹ Cr.)H1FY23H1FY22YoY
Bajaj Finance5,3772,483117%
Bajaj Allianz General Insurance747788– 5%
Bajaj Allianz Life Insurance28318851%

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