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Bajaj Finserv Ltd News

Market at record high but a fifth of Nifty 500 stocks trade below 200-DMA

The 200-DMA is a key long-term moving average in determining a bullish and bearish trend for any stock or underlying index.

Market at record high but a fifth of Nifty 500 stocks trade below 200-DMA
Updated On : 10 Jun 2024 | 11:33 AM IST

Bajaj Finserv Q4 results: Profit rises 20%, total income at Rs 32,042 cr

Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter. The company had posted a net profit of Rs 1,769 crore in the year-ago period. The total consolidated income during the fourth quarter of FY24 increased to Rs 32,042 crore, as against Rs 23,625 crore in the year-ago period, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The Board of Directors has recommended a dividend of Re 1 (100 per cent) per equity share of face value of Re 1, for the financial year ended March 31, 2024. The total amount of dividend outgo would be Rs 159.55 crore as compared to Rs 127.43 crore in the previous fiscal. For the financial year 2023-24, the company witnessed a 27 per cent increase in profit to Rs 8,148 crore, as against Rs 6,417 crore in the previous fiscal. The total consolidated income rose to Rs 1,10,383 crore, as against Rs 82,072 crore i

Bajaj Finserv Q4 results: Profit rises 20%, total income at Rs 32,042 cr
Updated On : 26 Apr 2024 | 3:36 PM IST

Bajaj Finserv net profit rises 21%; arm acquires Vidal Healthcare

Its consolidated total income rose by 33 per cent to Rs 29,038 crore in the quarter, from Rs 21,755 crore in the year-ago period.

Bajaj Finserv net profit rises 21%; arm acquires Vidal Healthcare
Updated On : 30 Jan 2024 | 11:16 PM IST

Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services

On the deal, Pune-based Bajaj Finserv said that it aims to expand its capabilities in the healthcare sector in India

Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services
Updated On : 30 Jan 2024 | 3:51 PM IST

Bajaj Finserv Q3 results: Net profit increases by 22% to Rs 2,158 crore

Bajaj Finserv on Tuesday reported a 22 per cent increase in consolidated net profit to Rs 2,158 crore for the December quarter. The diversified financial services group had earned a net profit of Rs 1,782 crore in the year-ago period. The company's total income increased to Rs 29,038 crore in the third quarter of the ongoing fiscal from Rs 21.755 crore in the year-ago period, Bajaj Finserv said in a regulatory filing. Interest income during the quarter increased to Rs 13,922 crore as against Rs 10,430 crore in the same period a year ago. Total expenses also moved up to Rs 23,609 crore from Rs 17,336 crore in the same quarter a year ago. During the quarter, its subsidiary Bajaj Allianz Life Insurance Company posted shareholders' profit at Rs 108 crore from Rs 81 crore, registering an increase of 33 per cent. Non-life arm Bajaj Allianz General Insurance profit remained flat at Rs 281 crore as compared to Rs 278 crore in the year-ago period.

Bajaj Finserv Q3 results: Net profit increases by 22% to Rs 2,158 crore
Updated On : 30 Jan 2024 | 3:25 PM IST