Bajaj Finserv beats Street estimate, posts 41% YoY jump in Q1 profit at Rs 825.77 crore

NEW DELHI: Bajaj Finserv on Thursday posted 41.27 per cent year-on-year rise in consolidated net profit at Rs 825.77 crore for the quarter ended June 30, 2018.

The company had posted a net profit of Rs 584.53 crore in the corresponding quarter last year.

Analysts in an ETNow poll had predicted a net profit of Rs 789 crore for the quarter under review.


Consolidated total income of the company increased 16.40 per cent year-on-year to Rs 8,771 crore in Q1 of FY19 from Rs 7,535.56 crore in Q1 of FY18.

Consolidated revenue from operations jumped 38.91 per cent to Rs 3,943.55 crore for the quarter under review. The figure stood at Rs 2,838.96 crore in the same period last year.

Profit from general insurance increased by 37 per cent YoY to Rs 291 crore for the quarter ended June 2018 against Rs 213 crore in the same quarter last year.

However, net profit from life insurance business slipped 25.51 per cent YoY to Rs 146 crore in Q1FY19 over Rs 196 crore in Q1FY18.