Bajaj Finserv Q3 profit up 15%
January 20, 2021
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Bajaj Finserv Ltd (BFS) reported a 15 per cent increase in third quarter consolidated net profit at ₹1,290 crore against ₹1,126 crore in the year-ago period.
BFS is the holding company for the various financial services businesses under the Bajaj Group. BFS participates in the financing business through its 52.74 per cent holding in Bajaj Finance Ltd (BFL) and in the protection business through its 74 per cent holding in Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company Ltd (BALIC).
BFL reported a 29 per cent decline in consolidated (including the financial results of subsidiaries Bajaj Housing Finance and Bajaj Financial Securities) net profit in the third quarter ended December 31, 2020, at ₹1,146 crore against ₹1,614 crore in the year-ago quarter.
Read more about Bajaj Finserv Ltd slips for fifth straight session on Business Standard. Bajaj Finserv Ltd is quoting at Rs 8701.05, down 0.53% on the day as on 13:19 IST on the NSE. The stock tumbled 9.57% in last one year as compared to a 17.54% rally in NIFTY and a 5.71% spurt in the Nifty Financial Services index.
Bajaj Finserv Ltd board to announce Q3 results on Jan 20, 2021
Posted On: 2020-12-17 20:22:28 (Time Zone: Arizona, USA)
A meeting of Board of Directors of Bajaj Finserv Limited is scheduled on Wednesday, 20 January 2021 to consider and approve, the unaudited financial results of the Company for the quarter and nine-months ending 31 December 2020 of the financial year 2020-21.
The Company will publish the unaudited financial results for the said quarter and nine-months, immediately after the Board Meeting on 20 January 2021. i.e. within a period of forty-five days from the end of the said quarter.
The trading window for dealing in the securities of the Company would remain closed from 1 January 2021 to 22 January 2021 (both days inclusive), for the designated persons of the Company as per the Company s Code of Conduct.
Market Commentary - Dec 15, 2020 - Bonanza Portfolio
Posted On:
Mr. Vishal Wagh, Research Head
On Tuesday Indian equity benchmarks made a negative start tracking weakness in global peers. Markets are trading lower with the cut of around half a percent due to selling in Oil & Gas, Energy and PSU stocks. In the afternoon session, Indian equity benchmarks managed to cut some of their losses with Sensex and Nifty trading above 46,200 and 13,500 levels.
Asian markets were trading lower on Tuesday, following the mixed cues from Wall Street as optimism about coronavirus vaccines was offset by concerns about the impact of new lockdown measures due to the surging coronavirus cases in the U.S.