Yahoo Finance

• Consolidated Total Income: INR32,042 crore, up 10%.

• Consolidated Profit After Tax: INR2,231 crore, up 3%.

• Bajaj Profit After Tax: INR400 crore, up 39%.

• Bajaj ROE: 14% (not annualized).

• Bajaj Combined Ratio: 101.1%.

• BALIC Gross Premium: INR6,361 crore, up 16%.

• BALIC Profit After Tax: INR222 crore, up 106%.

• New Business Value (NBV): INR254 crore, up 1%.

• Consolidated Net Income: INR11,673 crore, up 26%.

• Consolidated Profit After Tax: INR4,300 crore.

• ROE: 19.08%.

• BAGIC Gross Premium Growth: 46% (6% excluding certain factors).

• BAGIC Underwriting Loss: INR43 crore.

• Investment Income and Other Income: INR577 crore, up 23%.

• BAGIC AUM: INR32,633 crore, up 8%.

• BALIC Renewal Premium Growth: 24%.

• BALIC New Policies: 5.5 lakh, up 13%.

• BALIC Retail Protection Growth: 54% for nine months.

• BFL New Loans: 12 million, adding 5.3 million new customers.

• Bajaj Housing Finance Profit Growth: 25%.

• Bajaj Housing Finance AUM Growth: 26%.

• Bajaj Housing Finance Capital Adequacy Ratio: 27.86%.

• Bajaj Housing Finance GNPA and NPA: 0.29% and 0.3%, respectively.

• Bajaj Insurance Health Transactions: 2.3 million health transactions.

• Bajaj Markets Disbursement: INR2,000 crore.

• Bajaj Markets Cards Issued: 58,000.

• Bajaj Asset Management AUM: INR17,433 crore, up 8%.

• Warning! GuruFocus has detected 3 Warning Signs with BOM:532978.

Release Date: January 31, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Bajaj Finserv Ltd (BOM:532978) reported a consolidated total income increase of 10% to INR32,042 crore for Q3 FY25.

• The consolidated profit after tax rose by 3% to INR2,231 crore, indicating stable profitability.

• Bajaj Allianz General Insurance Company reported a profit after tax increase of 39% to INR400 crore, with a satisfactory combined ratio performance.

• Bajaj Allianz Life Insurance Company saw a 106% increase in profit after tax to INR222 crore, aided by a tax reversal.

• Bajaj Housing Finance reported a 25% increase in profit growth and a 26% increase in AUM, showcasing strong performance in a competitive market.

Negative Points

• The growth in individual rated new business premium for Bajaj Allianz Life Insurance Company was muted due to changes in product mix and distribution arrangements.

• The insurance subsidiaries' profit growth was impacted by unrealized mark-to-market gains and losses.

• The implementation of new accounting regulations led to a distortion in top-line growth for Bajaj Allianz General Insurance Company.

• The agency business for Bajaj Allianz Life Insurance Company faced challenges in adapting to new product structures, impacting growth.

• The competitive intensity in the health insurance sector remains high, with challenges in managing expense ratios and pricing.