Bajaj Finserv hits a lifetime high
By
Ruma Dubey
about 6 years ago
Bajaj Finserv announced its Q1FY19 numbers after market hours yesterday. And it was a good set of earnings.
Bajaj Finserv is a diversified financial group where it holds 54.99% stake in Bajaj Finance, 74% in Bajaj Allianz General Insurance and another 74% in Bajaj Allianz Life Insurance.
The company posted a 16% (YoY) rise in total consolidated revenue at Rs.8771 crore and net profit was up by a sharp 41% at Rs.826 crore.
The company remains debt free and its surplus funds stood at Rs. 6.6 billion at end of Q1FY19 v/s Rs.5.7 billion (YoY). Consolidated Net Worth stood at Rs. 209 billion and Book Value Per Share was at Rs. 1,315 ( Rs.1,051 as on 30 Jun 2017).
The stock price today hit a new life time high at Rs.6507.20, going up over 3%.