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* Consolidated total income rose to Rs. 33,704 crores in Q2FY25 from Rs. 26,023 crores in Q2FY24.
* Consolidated profit after tax rose to Rs. 2,087 crores in Q2FY25 from Rs. 1,929 crores in Q2FY24.

Bajaj Finance Ltd.

* Net total income for Q2FY25 increased by 24% to Rs. 10,946 crores v/s Rs. 8,847 crores in Q2FY24.
* Profit after tax for Q2FY25 increased by 13% to Rs. 4,000 crores v/s Rs. 3,551 crores in Q2FY24. Loan loss provisions increased to Rs. 1,909 crore v/s Rs. 1,077 crores in Q2FY24.
* Gross NPA increased to 1.06% in Q2FY25, up 20bps QoQ / up 15 bps YoY.
* Net NPA stood at 0.46% in Q2FY25, up 8bps QoQ / up 15bps YoY.
* Assets under management (AUM) grew to Rs.3,73,924 crores as of 30 September 2024 from Rs. 3,54,192 crores as of 30 June 2024 and Rs. 2,90,264 crores as of 30 September 2023, up 5.57% QoQ/ up 29% YoY. New lines of businesses have started contributing 2%-3% of AUM growth. AUM composition on YoY basis remained stable.
* Capital adequacy ratio (including Tier-II capital) as of 30 September 2024 was 21.69%.

Bajaj Allianz General Insurance Company Ltd.

* Gross written premium for Q2FY25 decreased by 20% to Rs. 5,871 crores v/s Rs. 7,298 crores in Q2FY24. Excluding tender-driven crop and government health insurance premium, BAGIC's gross written premium increased by 11% Rs. 4,157 crores in Q2FY25 from Rs. 3.747 crores in Q2FY24.
* Net earned premium increased 18% to Rs. 2,660 crores for Q2FY25 v/s Rs. 2,250 crores in Q2FY24.
* Claim ratio increased to 79.7% in Q2FY25 v/s 78.0% in Q2FY24.
* Combined ratio stood at 101.4% in Q2FY25 v/s 95.3% in Q2FY24 on account of higher claims ratio. Excluding NATCAT claims, combined ratio stood at 99.7%.
* Underwriting loss stood at Rs. 48 crores for Q2FY25 v/s underwriting profit of Rs. 37 crores in Q2 FY24, primarily due to NATCAT claims of Rs. 45 crores.
* Investment and other income (net) for Q2FY25 increased by 20% to Rs. 708 crores v/s Rs. 589 crores in Q2FY24. Profit on sale of investments was higher by Rs. 54 crores (before tax) in Q2FY25. Excluding profit on sale of investments. investment and other income (net) has grown by 14%.
* Profit after tax for Q2FY25 stood at Rs. 494 crores v/s Rs. 468 crores in Q2FY24 - an increase of 6%.
* As on 30 September 2024, solvency ratio was 312%, which is well above the minimum regulatory requirement of 150%.
* Assets Under Management (AUM), represented by cash and investments as on 30 September 2024 stood at Rs. 31,949 crores v/s Rs. 29,511 crores as on 30 September 2023 - an increase of 8%

Bajaj Allianz Life Insurance Company Ltd.

* Gross written premium for Q2FY25 increased by 23% to Rs. 6,544 crores v/s Rs. 5,338 crores in Q2FY24.
* New business premium for Q2FY25 increased by 14% to Rs. 3,202 crores v/s Rs. 2,821 crores in Q2FY24.
* Renewal premium for Q2FY25 stood at Rs. 3,342 crores v/s Rs. 2,517 crores in Q2FY24 – an increase of 33%.
* Shareholders' profit after tax during Q2FY25 reduced to Rs. 148 crores v/s Rs. 193 crores in Q2FY24 due to new business strain, higher expense overruns and change in product mix.
* Assets Under Management (AUM), represented by total investments stood at Rs. 123,178 crores as on 30 September 2024 v/s Rs. 98,700 crores as on 30 September 2023 - an increase of 25%.

 

 

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