Bajaj Finserv Ltd Share Price – NSE /  BSE

Finance, Mid Cap

The key equity benchmarks continued to trade with strong gains in early afternoon trade. The Nifty traded above the 22,750 mark. Consumer durable shares jumped for the second consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 837.31 points or 1.13% to 75,006.33. The Nifty 50 index rallied 248.20 points or 1.10% to 22,756.95.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.58% and the S&P BSE Small-Cap index jumped 2.21%.

The market breadth was strong. On the BSE, 2726 shares rose and 1122 shares fell. A total of 153 shares were unchanged.

Economy:

India?s merchandise exports during February 2025 were $36.91 billion as compared to $41.41 billion in February 2024, recording a slide of around 11%. Merchandise imports during February 2025 were $50.96 billion as compared to $60.92 billion in February 2024, down 16.34%. Merchandise exports during April-February 2024-25 were $ 395.63 billion as compared to $395.38 billion during April-February 2023-24.

Merchandise imports during April-February 2024-25 were $656.68 billion as compared to $621.19 billion during April-February 2023-24. Merchandise trade deficit during April-February 2024-25 was $261.06 billion as compared to $225.81 billion during April-February 2023-24.

Dervatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.37% to 13.37. The Nifty 27 March 2025 futures were trading at 22,809.05, at a premium of 52.1 points as compared with the spot at 22,756.95.

The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 64.9 lakh contracts at the 23,000 strike price. Maximum put OI of 84.5 lakh contracts was seen at 22,500 strike price.

Buzzing Index:

The Nifty consumer Druables added 2.18% to 35,423.10. The index jumped 2.42% in the two trading session.

Blue Star (up 6.17%), Century Plyboards (India) (up 4.61%), V-Guard Industries (up 4.4%), Cera Sanitaryware (up 4%) and Havells India (up 3.26%) were the top gainers. Among the other gainers were Kajaria Ceramics (up 2.67%), Amber Enterprises India (up 2.65%), Rajesh Exports (up 2.43%), Bata India (up 2.42%) and Dixon Technologies (India) (up 1.91%) advanced.

Stocks in Spotligh:

Bajaj Finserv declined 1.70%. The company has signed Share Purchase Agreements (SPAs) to acquire Allianz SE's 26% stake in Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC), gaining full ownership.

Life Insurance Corporation of India (LIC) rose 1.13% after company?s board has approved the appointment of Shatmanyu Shrivastava as chief risk officer (CRO), with effect from 19 March 2025.

Shilpa Medicare soared 9.70% after the company?s wholly owned subsidiary, Shilpa Biologicals, inked a strategic partnership with Switzerland-based mAbTree Biologics AG to co-develop and manufacture a novel immuno-oncology therapy.

Powered by Capital Market - Live News

The acquisition, subject to regulatory approvals from the Competition Commission of India and the Insurance Regulatory and Development Authority of India, will increase Bajaj Group's ownership in both companies from 74% to 100%.

The 24-year joint venture agreements between the Bajaj Group and Allianz SE will terminate upon completion of the first acquisition tranche (at least 6.1%) and Allianz's reclassification from promoter to investor. The agreed consideration for the 26% stake is Rs 13,780 crore for BAGIC and Rs 10,400 crore for BALIC.

The acquisition will be divided between Bajaj Finserv (approximately 1.01%), Bajaj Holdings and Investment (approximately 19.95%), and Jamnalal Sons (approximately 5.04%). Post-acquisition, Bajaj Finserv's stake will be 75.01% in both companies. Upon termination of the joint ventures, both the Bajaj Group and Allianz plan to independently pursue their insurance strategies in India.

Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said, Together with Allianz, we have built two of the strongest insurance companies in India with a combined premium exceeding Rs 40,000 crore, while maintaining industry-best solvency margins. We remain committed to creating better access to insurance in India, greater financial resilience, and superior experience for our customers. Given the advantage of a single ownership in both companies, we are confident that the acquisition will become a big driver of value for our stakeholders in the years to come.

Bajaj Finserv, a leading Indian financial services promoter and an unregistered Core Investment Company, boasts a diverse portfolio encompassing savings solutions, loans, insurance, and investments, serving over 230 million customers through digital platforms and extensive physical locations. Its consolidated net profit increased 3.4% to Rs 2,231 crore on 10.34% rise in total income to Rs 32,041.81 crore in Q3 FY25 over Q3 FY24.

Shares of Bajaj Finserv were down 1.72% at Rs 1839.65.

Powered by Capital Market - Live News

The Board of Bajaj Finserv at its meeting held on 21 February 2025 has appointment of Sanjiv Nandan Sahai (DIN: 00860449) as an Independent Director of the Company for a period of five consecutive years, effective from 1 March 2025, subject to the approval of the members.

Powered by Capital Market - Live News

Profit before tax in the third quarter of FY25 stood at Rs 5,811.51 crore, up by 7.01% from Rs 5,430.95 crore posted in same quarter last year.

Total expenses spiked 11.12% year on year (YoY) to Rs 26,233.40 crore in the quarter ended 31 December 2024.

Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 51.34% 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 Finance (BFL) recorded 16.68% increase in consolidated net profit to Rs 4,246 crore in Q3 FY25 as against Rs 3,639 crore in Q3 FY24. Loan loss provisions stood to Rs 2,043 crore in the third quarter of FY25, up 63.7% YoY.

Net total income for the December 2024 quarter rose 25.54% to Rs 11,673 crore from Rs 9,298 crore posted in corresponding quarter previous quarter.

Gross NPA and Net NPA as on 31 December 2024 stood at 1.12% and 0.48% respectively as against 0.95% and 0.37% as on 31 December 2023. Provisioning coverage ratio on stage 3 assets is 57%.

Assets under Management (AUM) grew 28% to Rs 3,98,043 crore as on 31 December 2024 as against Rs 3,10,968 crore as on 31 December 2023.

Capital adequacy ratio (CRAR) (including Tier-II capital) as on 31 December 2024 stood at 21.56%. The Tier-I capital was at 20.79%.

Bajaj Allianz General Insurance Company (BAGIC) stated that effective from 1 October 2024, as mandated by IRDAI, gross premium on long-term products are measured on 1/n basis (where 'n' is contract duration) prospectively, hence Q3 & 9M FY2025 are not comparable with prior years.

BAGIC’s gross written premium for Q3 FY25 increased by 46% to Rs 6,626 crore from Rs 4,536 crore in Q3 FY24. Excluding tender-driven crop and government health insurance premium, BAGIC's gross written premium shed by 2% YoY to Rs 3,639 crore in Q3 FY25.

Claim ratio increased to 77.7% in Q3 FY25 as against 72.9% in Q3 FY24, due to elevated claims in health segment. Excluding tender driven crop and government health business, claim ratio reduced to 73.9% in Q3 FY25 as against 71.1% in Q3 FY24.

Profit after tax for third quarter of FY25 stood at Rs 400 crore, up 39% as compared with Rs 287 crore in Q3 FY24.

As on 31 December 2024, solvency ratio was 300%, which is well above the minimum regulatory requirement of 150%.

Assets under Management (AUM), represented by cash and investments as on 31 December 2024 stood at Rs 32,633 crore as compared to Rs 30,296 crore as on 31 December 2023, an increase of 8%.

Bajaj Allianz Life Insurance Company's (BALIC) new business premium for Q3 FY25 stood at Rs 2,761 crore as against Rs 2,561 crore in Q3 FY24, an increased of 8%. Renewal premium for Q3 FY25 was Rs 3,600 crore, an increase of 24% on YoY basis.

Shareholders' profit after tax during Q3 FY25 increased 106% to Rs 222 crore from Rs 103 crore in Q3 FY24, due to higher investment income and reversal of income tax provisions in respect of earlier years basis favorable income tax orders.

Gross written premium for Q3 FY25 rose by 16% to Rs 6,361 crore from Rs 5,464 crore in Q3 FY24.

Net new business value (NBV), which is the metric used to measure profitability of life insurance businesses, up by 1.2% to Rs 254 crore in Q3 FY25.

The solvency ratio stood at a healthy 369% as on 31 December 2024 as against the minimum regulatory requirement of 150%. Assets under Management (AUM), represented by total investments increased 17% Rs 122,023 crore as on 31 December 2024.

The scrip rose 1.82% to close at Rs 7,899.30 on the BSE.

Powered by Capital Market - Live News