Bajaj Finserv Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 20, 2022 at 03:36 am EST
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Bajaj Finserv Ltd. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 176,196.4 million compared to INR 159,607.2 million a year ago. Net income was INR 12,557.9 million compared to INR 12,899.6 million a year ago. Basic earnings per share from continuing operations was INR 7.89 compared to INR 8.11 a year ago. Diluted earnings per share from continuing operations was INR 7.89 compared to INR 8.1 a year ago.
For the nine months, revenue was INR 495,773.1 million compared to INR 452,043.2 million a year ago. Net income was INR 32,106.9 million compared to INR 34,914 million a year ago. Basic earnings per share from continuing operations was INR 20.18 compared to INR 21.94 a year ago. Diluted earnings per share from continuing operations was INR 20.18 compared to INR 21.93 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. 
