Bajaj Group

Bajaj Finserv net income jumps 42% to Rs 1,782 crore in Q3: Report

Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on Monday reported a 42 per cent growth in consolidated net profit at Rs 1,782 crore in the quarter ended December 2022, on high double-digits revenue growth. The Pune-based company, which is into retail lending, life and general insurance, and wealth management, among others, said its consolidated revenue grew 23 per cent to Rs 21,755 crore during the reporting quarter. Its flagship Bajaj Finance recorded highest ever quarterly profit after tax of Rs 2,973 crore, up 40 per cent on-year, while its wholly-owned subsidiary Bajaj Home Finance recorded a growth of 81 per cent in net profit. Bajaj Allianz General Insurance gross written premium grew 29 per cent to Rs 3,821 crore, while the life insurer Bajaj Allianz Life recorded a growth of 22 per cent in individual rated new business premium at Rs 2,289 crore, down from Rs 2,377 crore. Its individual rated new business premium rose 22 per cent to Rs 1,255 .

Bajaj twins need to sustain these key levels to prevent extended selloff

The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.

"Hercules Hoists Limited rebrands as BAJAJ INDEF after 60 years of Growth Journey"

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Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.

India at 75: 'Hamara Bajaj' to Luna - 15 brands that you will never forget

The products may have lived on or given way to others, but the brands never get old. From Bajaj Scooters to Luna, Maruti 800 and Rajdoot, here's a look at 15 brands that remain a part of our lives

Bajaj Consumer Care reports 30.7% dip in Q1 net profit to Rs 33.9 cr

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022. The company had reported a net profit of Rs 48.90 crore in the April-June quarter a year ago, said Bajaj Consumer Care, a part of the Bajaj Group of Companies, operating in the beauty care category. Its total revenue from operations rose 15.10 per cent to Rs 249.44 crore during the period under review, as against Rs 216.71 crore in the corresponding quarter a year ago, said a regulatory filing by Bajaj Consumer Care. Total expenses of Bajaj Consumer Care, which owns brands as Almond Drops Hair Oil and Nomark, were at Rs 215.22 crore, up 29.81 per cent in Q1/FY 2022-23. Shares of Bajaj Consumer Care Ltd on Monday were trading at Rs 167.25 on BSE, up 2.83 per cent from the previous close.

Bajaj Finserv shares jump 10% after June earnings; mcap climbs Rs 21,681 cr

Shares of Bajaj Finserv on Thursday zoomed over 10 per cent after the company reported a 57 per cent jump in net profit in the June quarter. The stock rallied 10.14 per cent to Rs 14,652.30 apiece on the BSE. During the day, it climbed 11.08 per cent to Rs 14,777.85. On the NSE, it advanced 10.09 per cent to Rs 14,650 apiece. The company's market valuation also jumped Rs 21,681.19 crore to Rs 2,33,383.19 crore on the BSE. On Thursday, Bajaj Finserv reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 was up 14 per cent to Rs 15,888 crore, Bajaj Finserv said in a regulatory filing.

Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives

At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.

Bajaj Finance can hit Rs 7600; Bajaj Finserv can reach Rs 15,400 levels

Both, Bajaj Finance and Bajaj Finserv, may enter a long-term bull run if the current levels are held decisively for few more sessions

Bajaj Finance's first-quarter net profit surges 159% y-o-y to Rs 2,596 cr

Shares of the company closed at Rs 6,393.75 - up 2.14 per cent from the previous days' close

Bajaj Auto to buy back shares worth Rs 2,500 crore at Rs 4,600 each

Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece

HDFC, HDFC Bank, Bajaj Finance, Bajaj Finserv: Should you buy or sell them?

The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.

Bajaj Electricals Q4FY22 consolidated net profit down 29% at Rs 39 crore

But total revenue from operations was up 6.02 per cent at Rs 1,334.32 crore during the quarter under review as against Rs 1,258.47 crore in the year-ago period

Going solo in a waltz

In her biography of Rahul Bajaj, Gita Piramal writes how Indira Gandhi proved to be a game changer in India's two-wheeler story and why Bajaj chose to go it alone

Rahul Bajaj always stood for very high integrity in business: TVS chairman

No point in time did our business rivalry or some of the issues that we had between our companies came in way of him giving me a smile, says Venu Srinivasan

Industrialist Rahul Bajaj cremated with full state honours in Pune

The last rites of former Bajaj Group chairman, Rahul Bajaj, were performed in Pune on Sunday with full state honours with representatives of India Inc, politicians and common people bidding a final adieu to the veteran industrialist. The last rites were performed by Rahul Bajaj's sons Rajeev and Sanjiv at the electric crematorium at Vaikunth Smashanbhoomi in Pune city. Bajaj, the Chairman Emeritus of the Bajaj Group, breathed his last in a private hospital here on Saturday due to illness. He was 83. Earlier, Bajaj's mortal remains were kept at his residence in Akurdi near Pune for the last 'darshan'. NCP chief Sharad Pawar, Maharashtra cabinet minister Aaditya Thackeray among others paid homage to the industrial tycoon. Bajaj was the man behind the iconic 'Bajaj' brand that grew with the aspirations of the middle class in a pre-liberalised India.

Rahul Bajaj:Man who called spade a spade even if it meant ruffling feathers

Bajaj, 83, who was the Chairman Emeritus of the Bajaj Group when he breathed his last on Saturday, was starkly different from his usually diplomatic peers

End of an era: Noted industrialist Rahul Bajaj passes away at 83

Condolences poured in on Twitter from various quarters over the former Bajaj Group chairman's death

FM Nirmala Sitharaman condoles death of noted industrialist Rahul Bajaj

Under his stewardship, flagship firm Bajaj Auto saw its turnover growing to Rs 12,000 crore from just Rs 7.2 crore with the firm's scooters becoming the mainstay

President Kovind, PM Modi pay tributes to Rahul Bajaj

The president said Bajaj's career reflected the rise and innate strength of the nation's corporate sector and his death leaves a void in the world of industry