Bajaj Finserv Q3 Results: Revenue toh bhaga **24%**, par profit flat! Kyun? | Bajaj Finserv Share Price Update

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AuthorAarav Shah|Published at:
Bajaj Finserv Q3 Results: Revenue toh bhaga **24%**, par profit flat! Kyun? | Bajaj Finserv Share Price Update
Overview

Bhai log, Bajaj Finserv ne Q3 mein kamaal kar diya, revenue toh **23.9%** ghuma kar **₹39,708 crore** bana liya. Lekin profit lagbhag flat raha, bas **₹2,229 crore** ke aas paas. Iska reason hai **₹1,785 crore** se zyada ke one-off provisions aur other charges.

Toh hua kya ki Bajaj Finserv ki kamaai, matlab revenue, pichle saal ke comparison mein 23.9% tezi se ₹39,708 crore par pahunch gayi. Sunne mein toh badhiya lag raha hai, right?

Par jab net profit after tax (PAT) ki baat aati hai, toh woh ₹2,229 crore par hi atak gaya, jo pichle saal ke ₹2,231 crore ke lagbhag barabar hi hai. Matlab, profit mein koi khaas jump nahi dikha. Asal gadbad thi ₹1,785 crore se zyada ke kuch 'exceptional items' mein.

Ismein sabse bada tha Bajaj Finance ka accelerated ECL provision jo ₹1,406 crore ka tha, aur isne Bajaj Finserv ke PAT ko ₹540 crore se neeche khincha. Phir aaya New Labour Code ka impact, jisne ₹379 crore ka charge dala, aur BFS PAT mein ₹167 crore kam kar diye. Agar ye sab 'one-off' charges na hote, toh PAT 31.6% badh kar ₹2,936 crore hota, jo ki kafi accha number hai.

Ab dekhte hain beta companies ka haal chaal:

  • Bajaj Finance: Inka AUM (Assets Under Management) 22.1% badh kar ₹485,883 crore ho gaya. Profit 23.1% upar ₹5,227 crore pahuncha. NPA bhi control mein lag raha hai, Gross NPA 1.21% aur Net NPA 0.47%.

  • Bajaj General Insurance: GWP (Gross Written Premium) 11.5% badh kar ₹7,389 crore raha. Combined ratio 97.9% ho gaya, matlab ab pehle se better kaam kar rahe hain. PAT 7.7% badh kar ₹430 crore bana.

  • Bajaj Life Insurance: Inka GWP 23.5% tezi se ₹7,854 crore par pahuncha. VNB (Value of New Business) toh 59.4% badh gaya, aur NBM (New Business Margin) bhi 19.0% ho gaya. Par, yahan ek choti si 'loss' hui hai ₹(31) crore ki quarter mein, jo pichle saal ke ₹222 crore profit se alag hai. AUM 13.1% badh kar ₹138,027 crore hua.

  • Bajaj Housing Finance: AUM 23.2% badh kar ₹133,412 crore, aur PAT 21.4% badh kar ₹665 crore raha.

  • Bade Movers: Bajaj Finserv Direct ka operating revenue 41.0% gir gaya tha, lekin Bajaj Finserv AMC ka AUM 73.5% badha hai. Dono mein filhaal thoda loss dikh raha hai.

Ek aur badi khabar ye hai ki company ne Allianz SE ka baki stake bhi khareed liya hai. Ab Bajaj Finserv ka holding inka 97% ho gaya hai. Isse insurance business mein control aur zyada ho gaya hai.

Toh overall, company ka business toh accha chal raha hai, bas kuch ek baar ke kharchon ne reported profit ko thoda dabaya hai. Investors ab dhyaan rakhenge ki sabhi companies ka AUM aur profit growth kaise chalta hai, aur jo nayi ventures hain, woh kab tak profitable ho jati hain. Allianz stake ki deal se synergy badhne ki ummeed hai.

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