Bajaj Finserv Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 21, 2022 at 03:48 am EDT
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Bajaj Finserv Ltd. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 208,033.3 million compared to INR 180,082.2 million a year ago. Net income was INR 15,569.3 million compared to INR 11,221.3 million a year ago. Basic earnings per share from continuing operations was INR 9.8 compared to INR 7.1 a year ago. Diluted earnings per share from continuing operations was INR 9.8 compared to INR 7.1 a year ago.
For the six months, revenue was INR 366,917.1 million compared to INR 319,576.7 million a year ago. Net income was INR 28,663.1 million compared to INR 19,549 million a year ago. Basic earnings per share from continuing operations was INR 18 compared to INR 12.3 a year ago. Diluted earnings per share from continuing operations was INR 18 compared to INR 12.3 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. 
