Bajaj FinServ Q2 Net Up Two-Fold At Rs 158 cr

Bajaj FinServ, the financial services arm of the Bajaj Group, has reported a more than two-fold rise in net profit to Rs 158 crore in the September quarter on the back of sound rise in income from the insurance businesses among others.

Net profit during the July-September period last year was Rs 69 crore, the company said here. Total income in the second quarter ended September 30 rose 52 per cent to Rs 714 crore from Rs 471 crore year-ago, driven largely by the life and general insurance businesses, while operating profit increased by around 96 per cent to Rs 486 crore against Rs 248 crore in the same period last year.


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