BAJAJ FINSERV

Bajaj Finserv Limited is a subsidiary of Bajaj Group dealing in the financial services sector spread across lending, insurance and wealth advisory. The company employs its staff in over 1409 locations engaging consumer finance businesses, life insurance and general insurance apart from financial services. It is also active in wind-energy generation with an installed capacity of 65.2 MW. The shareholding pattern of Bajaj Finserv is as follows: promoter with 60.80%, public with 23.87%, foreign institutional investors with 9.07%, domestic institutional investors with 6.09% and others with 0.18%.

The Board of Directors recommended a dividend of Rs. 3 per equity share. Simultaneously, the company reported a decline in the consolidated profit and stood at Rs. 1,745.04 Cr. in Q4 against Rs. 2,081.85 Cr. in the previous quarter. Also, the revenue declined by 3.58% to Rs.15,386.88 Cr. in Q4 against Rs. 15,958.53 Cr. in the previous quarter. Additionally, profit before tax declined by 15.14% QoQ and stood at Rs. 2,358.5 Cr. Gross profit margin fell by 3.59% QoQ.

The Q4 results of Bajaj Finserv were even-handed.