{"id":135099,"date":"2022-10-25T03:05:36","date_gmt":"2022-10-25T07:05:36","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135099"},"modified":"2022-10-25T05:37:38","modified_gmt":"2022-10-25T09:37:38","slug":"bajaj-finserv-q2fy23-results-out-net-profit-soars-by-39","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bajaj-finserv-q2fy23-results-out-net-profit-soars-by-39\/","title":{"rendered":"Bajaj Finserv Q2FY23 results out: Net profit soars by 39%"},"content":{"rendered":"\n

On Tuesday, Bajaj Finserv reported its earnings for the quarter ended September 2022. The net sales at INR 20,803.22 crore in September 2022, up by 15.52% from INR 18,008.22 crore in September 2021. The Quarterly Net Profit stood at INR 1,556.93 crore in September 2022, up by 38.75% from INR 1,122.13 crore in September 2021.<\/p>\n\n\n\n

The individual-rated new business premium grew 32% to INR 1,072 crore and the group protection new business increased 5% to INR 517 crore in Q2. The Net New Business Value (NBV), which is the metric used to measure the profitability of a life insurance business, was significantly higher at INR 190 crore in Q2, an increase of 40% on a YoY basis. Its AUM increased 7% YoY during the September quarter to INR 86,907 crore.<\/p>\n\n\n\n

The general insurance arm’s PAT rose 21% YoY to INR 336 crore while the life insurance unit’s PAT jumped 53% YoY to INR 159 crore. The general insurance unit’s assets under management (AUM) increased 8% YoY to INR 26,052 crore while the gross written premium for Q2 decreased by 5% YoY to INR 4,781 crore. “The general insurance sector was characterized by intense price competition in the motor segment. While the life insurance sector recorded muted growth of 5% in individual rated new business. In this environment, our companies continued to do well,” the company said.<\/p>\n\n\n\n

Bajaj Finance, the lending company of the Bajaj Finserv group, announced its quarterly numbers yesterday. It recorded its highest-ever quarterly consolidated profit after tax of INR 2,781 crore, a jump of 88% YoY.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"

On Tuesday, Bajaj Finserv reported its earnings for the quarter ended September 2022. The net sales at INR 20,803.22 crore in September 2022, up by 15.52% from INR 18,008.22 crore in September 2021. The Quarterly Net Profit stood at INR 1,556.93 crore in September 2022, up by 38.75% from INR 1,122.13 crore in September 2021. […]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[10506,9970,8200],"class_list":["post-135099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-general-insurance","tag-life-insurance","tag-retail-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136387,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-q2fy23-results-out-net-profit-slumps-by-11\/","url_meta":{"origin":135099,"position":0},"title":"Muthoot Finance Q2FY23 results out: Net profit slumps by 11%","author":"Chirag Gupta","date":"November 10, 2022","format":false,"excerpt":"Muthoot Finance reported a net profit of INR 892 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of INR 990 crore a year same quarter -- registering a decline of 11%. However, sequentially, the Q2 PAT climbed by 8.13% from INR 802 crore in\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136925,"url":"https:\/\/alphastreet.com\/india\/care-ratings-q2fy23-results-out-net-profit-up-by-30\/","url_meta":{"origin":135099,"position":1},"title":"CARE Ratings Q2FY23 results out: Net profit up by 30%","author":"Chirag Gupta","date":"November 8, 2022","format":false,"excerpt":"CARE Ratings reported an increased standalone net profit by 29% to INR 38.47 crore in Q2FY23 from INR 29.76 crore in Q2FY22. The ratings agency's standalone income from operations was up by 12% to INR 77.49 crore in Q2FY23, compared with INR 69.30 crore in the corresponding quarter of the\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135262,"url":"https:\/\/alphastreet.com\/india\/indiamart-reports-its-q2fy23-results-net-profit-drops-by-17\/","url_meta":{"origin":135099,"position":2},"title":"IndiaMART reports its Q2FY23 results: Net profit drops by 17%","author":"Chirag Gupta","date":"October 31, 2022","format":false,"excerpt":"On Thursday, B2B e-commerce firm IndiaMART InterMESH reported a 17 per cent drop in consolidated net profit to INR 68 crore for the quarter ended September. The company had posted a net profit of INR 82 crore in the same period a year ago. The consolidated revenue from operations, however,\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140957,"url":"https:\/\/alphastreet.com\/india\/abbott-india-ltd-ltd-nse-abbottindia-q3-fy23-results-out-total-income-rises-10-yoy\/","url_meta":{"origin":135099,"position":3},"title":"ABBOTT INDIA LTD Ltd. (NSE: ABBOTTINDIA): Q3 FY23 Results Out; Total Income Rises 10% YoY","author":"Divyansh_Kasana","date":"February 10, 2023","format":false,"excerpt":"Abbott India Limited (NSE:ABBOTTINDIA) is a subsidiary of Abbott Laboratories, a multinational healthcare company. It was established in India in 1944 and is headquartered in Mumbai. The company operates in the pharmaceutical and medical devices industries, offering a wide range of products, including prescription medicines, diagnostic equipment, and nutritional products.\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/57ca1fbd-1e9f-4485-9d2a-390769e80ed6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":135067,"url":"https:\/\/alphastreet.com\/india\/rbl-banks-reports-a-whopping-7-times-profit-growth-in-q2fy23\/","url_meta":{"origin":135099,"position":4},"title":"RBL Banks reports a whopping 7 times profit growth in Q2FY23","author":"Chirag Gupta","date":"October 24, 2022","format":false,"excerpt":"RBL Bank, a Midcap private sector lender reported a standalone profit of INR 201.55 crore for the September quarter of FY23, growing 6.5 times from the year-ago period on a low base. The profit in Q2FY22 was hit by higher provisions for bad loans, while the growth was almost flat\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135231,"url":"https:\/\/alphastreet.com\/india\/sbi-cards-q2fy23-results-out-net-profit-rises-by-52\/","url_meta":{"origin":135099,"position":5},"title":"SBI Cards Q2FY23 results out: Net profit rises by 52%","author":"Chirag Gupta","date":"October 27, 2022","format":false,"excerpt":"SBI Card and Payments Services reported a 52 per cent jump in net profit in second quarter of FY23 quarter to INR 526 crore, thanks to a spike in income and lower provisions. In the year-ago period, it had reported a net profit of INR 345 crore. Its total income\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135099"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}