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  • Top commodity trading and broking companies in India-553.12( -0.69%) 31-Oct-2024
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Sensex 79389.06 -553.12  (-0.69) 31-Oct-2024
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Company News Details

Bajaj Finserv Ltd
Industry :  Finance & Investments
BSE Code
ISIN Demat
Book Value()
532978
INE918I01026
51.9999581
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
BAJAJFINSV
180.07
279751.17
EPS(TTM)
Face Value()
Div & Yield %
9.73
1
0.06
 

bajaj finserv ltd
Bajaj Finserv arm gross direct premium jumps 45% YoY in April
May 07,2024

Bajaj Allianz Life Insurance Company's total premium aggregated to Rs 689.09 crore for the month of April 2024, up 25.2% as against Rs 550.40 crore recorded in the same period a year ago.

Individual non-single premium were at Rs 43.90 crore (up 23.38% YoY) in April 2024. However, Individual single premium amounted to Rs 328.50 crore (up 22.18% YoY), Group single premium aggregated to Rs 193.34 crore (up 53.8% YoY) and Group yearly renewable premium added up to Rs 28.58 crore (up 2.59% YoY) in the month of April 2024.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 52.45% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

The company's consolidated net profit jumped 20% to Rs 2118.53 crore in Q4 FY24 as compared with Rs 1768.95 crore in Q4 FY23. Total income increased 35.63% YoY to Rs 32041.93 crore in Q4 FY24.

The scrip added 0.21% to currently trade at Rs 1,615 on the BSE.

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