Bajaj Finserv shares in focus ahead of Q2FY25 earnings today
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Shares of Bajaj Finserv are likely to remain in focus on Wednesday as the company will announce its September quarter earnings later today. The promoter company of Bajaj Finance and Bajaj Housing Finance had reported a 10% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to Rs 2,138 crore for the quarter ended June 2024, with total income rising 35% YoY to Rs 31,480 crore. Meanwhile, Bajaj Allianz General Insurance Company (BAGIC) had recorded market-leading growth of 24% in gross written premiums, reaching Rs 4,761 crore. Excluding the large tender-driven crop and government health businesses, growth was robust at 22%. Its profit after tax increased by 39%. The company has also informed exchanges about Allianz's willingness to exit from the life and general insurance joint ventures. While discussions are at preliminary stage, there is no proposal before the Board of the company or its insurance subsidiaries in t...