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Bajaj Finserv rises after strong Q4 numbers

Bajaj Finserv jumped 3.82% to Rs 10,471.15 after the company s consolidated net profit surged 403% to Rs 979 crore on 15.74% rise in total income to Rs 15,387.25 crore in Q4 FY21 over Q4 FY20.Consolidated profit before tax jumped 197.45% to Rs 2358 crore in Q4 FY21 from Rs 792.9 crore posted in Q4 FY20. The result was announced during market hours today, 28 April 2021. The company posted a 32.68% rise in net profit to Rs 4470.46 crore on 11.48% rise in total income to Rs 60,591.57 crore for the year ended March 2021 (FY21) over year ended March 2020 (FY20). Bajaj Finserv participates in the financing business through its 52.74% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz life Insurance Company Limited (BALIC). Bajaj Housing Finance Limited (BHFL), which does mortgage business, is also a wholly-owned subsidiary of Bajaj Finance.

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