• Indian Indices
  • Global Indices
  • Commodities
  • Currency
Sensex
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
{{x.upd_time}}
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
  • HANG SENG
{{x.Date}}
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
Gold
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
USDINR
  • USDINR
  • GBPINR
  • EURINR
  • JPYINR
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 15-Jan-2021 EOD, Market Closed
49,034.67
-549.49 (-1.11%)
NIFTY
14,433.70
-161.90 (-1.11%)
SENSEX
    No Companies Visited

Back to news list
  • Bajaj Finserv slips after Q2 PAT declines 18% YoY

    Bajaj Finserv fell 1.29% to Rs 5,830 after the company's consolidated net profit fell 18.06% to Rs 986.29 crore on 5.82% increase in total income to Rs 15,051.59 crore in Q2 September 2020 fover Q2 September 2019.



    Consolidated profit before tax (PBT) stood at Rs 2,156 crore in Q2 September 2020, falling nearly 18% from Rs 2,626 crore in the same period last year. Total tax expense fell 11% year on year to Rs 538.33 crore in Q2 September 2020 over Q2 September 2019. The announcement was made after market hours yesterday, 21 October 2020.

    Bajaj Finserv participates in the financing business through its 51.74% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. Bajaj Housing Finance, which does mortgage business, is a wholly-owned subsidiary of Bajaj Finance.

    Bajaj Finance's consolidated profit after tax contracted 36% YoY to Rs 965 crore after taking additional provision on standard assets and interest income reversal. The company's asset under management grew 1% to Rs 137,090 crore in Q2 September 2020 from Rs 135,533 crore in Q2 September 2019.

    Bajaj Allianz General Insurance Company's gross premium for Q2 September 2020 stood at Rs 4,156 crore, falling 2.8% from Rs 4,279 crore in Q2 September 2019. Net earned premium for Q2 FY21 was fell 6.8% YoY to Rs 1,986 crore in Q2 September 2020. Claim ratio reduced to 74.2% in Q2 September 2020 from 75% in Q2 September 2019. Claims experience was mixed during the quarter with higher claims in health including COVID-19 claims and property due to heavy rainfall, compensated by lower claims in motor own damage segment.

    Bajaj Allianz life Insurance Company's new business premium increased 11% to Rs 1,372 crore in Q2 September 2020 from Rs 1,235 crore in Q2 September 2019. Renewal premium for Q2 September 2020 stood at Rs 1,305 crore, rising 30.5% year on year from Rs 1000 crore in Q2 September 2019. Gross written premium increased by 20% to Rs 2,677 crore in Q2 September 2020 from Rs 2,235 crore in Q2 September 2019. The company's solvency ratio was at 730% as compared to a regulatory requirement of 150%.

    Commenting on the outlook Bajaj Finserv said, "The Company and its subsidiaries remain focused on profitability over growth. They are conserving cash, focusing on risk, strengthening collections, improving and digitising processes and reducing overheads. As a result, the operating companies have strong solvency, well above the required capital as well as healthy liquidity. With signs of normalcy being evident across sectors, all our businesses will be seeking to grow in H2 of this year and enter FY22 with a positive outlook."

    Bajaj Finserv further added "Faced with COVID-19 and its impact on economic activity, the company and its subsidiaries continue to manage through this once in a life-time situation. The company and its subsidiaries remain focused on profitability over growth. They are conserving cash, focusing on risk, strengthening collections, improving and digitising processes and reducing overheads. As a result, the operating companies have strong solvency, well above the required capital as well as healthy liquidity. With signs of normalcy being evident across sectors, all its businesses will be seeking to grow in H2 of this year and enter FY22 with a positive outlook."

    Back to news list
Previous Stories :
More
Hot Pursuit News

Quick Links

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
91-22-25229720
91-22-25230011
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 16-Jan-2021
  •  ( 18:12) HDFC Bank Q3 PAT jumps 18% YoY to Rs 8,758 cr  
  •  ( 16:54) Apollo Pipes Q3 PAT spurts 145% YoY to Rs 16 cr  
  •  ( 15:04) IRB InvIT Fund Q3 PAT up over 2% to Rs 57.95 crore  
  •  ( 13:02) BEML intimates the introduction of Driverless Metro Car for MMRDA  
  •  ( 12:38) Shoppers Stop consol. Q3 December 2020 net loss widens to Rs 25.11 cr  
  •  ( 10:40) SAIL OFS gets subscribed five times  
  •  ( 10:02) Dr. Reddy’s receives DCGI approval to conduct COVID vaccine trial  
  •  ( 09:16) MSTC to sell assets of Uttar Pradesh Financial Corp.  
  •  ( 09:03) Fiat Chrysler partners with Wipro for a digital hub in India  
  •  ( 08:20) US stocks slide Friday on disappointing bank earnings  
Show News
15 January 2021 00:00
2590.00
(-2.76 %)
674.90
(-0.16 %)
3580.70
(0.18 %)
4881.55
(0.11 %)
8631.90
(-1.33 %)
602.50
(3.84 %)
5207.60
(-1.93 %)
2631.95
(-1.95 %)
989.40
(-3.73 %)
1466.35
(-0.12 %)
2351.90
(-1.94 %)
542.80
(-1.84 %)
966.80
(-0.28 %)
1345.10
(-1.86 %)
217.90
(1.77 %)
1863.60
(-1.55 %)
1354.60
(-1.58 %)
819.40
(-1.25 %)
8021.20
(-1.55 %)
17872.25
(-1.42 %)
100.50
(-1.62 %)
101.35
(-3.48 %)
203.05
(-0.90 %)
1937.60
(-1.17 %)
303.80
(-1.11 %)
604.00
(-0.50 %)
3233.60
(-0.51 %)
1007.10
(-4.35 %)
1476.25
(-0.94 %)
5449.20
(-2.39 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.