NEW DELHI: Bajaj Finserv Ltd. (BFL) on Wednesday reported a 31 in keeping with cent bounce in its consolidated internet earnings at Rs 1,769 crore for the fourth quarter finishing March 2023.
The corporate had posted a internet benefit of Rs 1,346 crore all over the corresponding January-March duration of 2021-22.
The overall consolidated source of revenue all over the March 2023 quarter greater to Rs 23,625 crore, as towards Rs 18,862 crore within the corresponding duration of the former monetary 12 months, BFL, the conserving corporate for the quite a lot of monetary products and services companies below the Bajaj crew, mentioned in a regulatory submitting. recordsdata.
The board really useful a dividend of Rs 0.80 in keeping with percentage or 80 in keeping with cent on face worth of Re 1. The overall quantity of dividend is Rs 127.43 crore as in comparison to Rs 63.65 crore.
For the monetary 12 months 2022-23, the corporate witnessed 41 in keeping with cent building up in benefit at Rs 6,417 crore, as towards Rs 4,557 crore within the earlier fiscal.
The overall consolidated source of revenue rose to Rs 82,072 crore, as towards Rs 68,439 crore within the earlier monetary 12 months.
“With Covid-19 threat having waned, there was significant increase in vehicles on the road and non-Covid treatments which had been postponed earlier, resulting in higher frequency of claims for the general insurance sector. In this environment of higher interest rates and insurance claims, our companies continued to do well,” it mentioned.
During the 12 months, the overall insurance coverage arm posted a benefit of Rs 1,348 crore, as towards Rs 1,339 crore within the earlier fiscal.
As on March 31, 2023, the solvency ratio used to be 391 in keeping with cent, which is definitely above the minimal regulatory requirement of 150 in keeping with cent.
The existence insurance coverage arm reported internet new trade worth (NBV) of Rs 950 crore, as towards Rs 621 crore within the earlier 12 months.
The corporate had posted a internet benefit of Rs 1,346 crore all over the corresponding January-March duration of 2021-22.
The overall consolidated source of revenue all over the March 2023 quarter greater to Rs 23,625 crore, as towards Rs 18,862 crore within the corresponding duration of the former monetary 12 months, BFL, the conserving corporate for the quite a lot of monetary products and services companies below the Bajaj crew, mentioned in a regulatory submitting. recordsdata.
The board really useful a dividend of Rs 0.80 in keeping with percentage or 80 in keeping with cent on face worth of Re 1. The overall quantity of dividend is Rs 127.43 crore as in comparison to Rs 63.65 crore.
For the monetary 12 months 2022-23, the corporate witnessed 41 in keeping with cent building up in benefit at Rs 6,417 crore, as towards Rs 4,557 crore within the earlier fiscal.
The overall consolidated source of revenue rose to Rs 82,072 crore, as towards Rs 68,439 crore within the earlier monetary 12 months.
“With Covid-19 threat having waned, there was significant increase in vehicles on the road and non-Covid treatments which had been postponed earlier, resulting in higher frequency of claims for the general insurance sector. In this environment of higher interest rates and insurance claims, our companies continued to do well,” it mentioned.
During the 12 months, the overall insurance coverage arm posted a benefit of Rs 1,348 crore, as towards Rs 1,339 crore within the earlier fiscal.
As on March 31, 2023, the solvency ratio used to be 391 in keeping with cent, which is definitely above the minimal regulatory requirement of 150 in keeping with cent.
The existence insurance coverage arm reported internet new trade worth (NBV) of Rs 950 crore, as towards Rs 621 crore within the earlier 12 months.