Bajaj Finserv Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2021
July 21, 2021 at 02:58 am EDT
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Bajaj Finserv Ltd. announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced total revenue was INR 139,494.5 million compared to INR 141,920.1 million a year ago. Net income was INR 8,327.7 million compared to INR 12,151.5 million a year ago. Basic earnings per share from continuing operations was INR 52.3 compared to INR 76.4 a year ago.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include life insurance, general insurance, windmill, retail financing, and investments and others. It focuses on urban lending, two and three-wheeler lending, small and medium enterprise lending, rural lending, mortgages, loan against securities, and commercial lending. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
BAJAJ FINSERV LTD. 
