Bajaj Finserv (BAJAJFINSV) Q2 24/25 earnings summary

Executive summary

• Consolidated revenue for Q2 FY25 rose 30% year-over-year to ₹33,703 crore, with half-year growth at 32%.

• Profit after tax for Q2 FY25 was ₹4,180.15 crore, with half-year profit after tax at ₹8,389.43 crore.

• Surplus funds increased 28% year-over-year to ₹3,546 crore.

• All major subsidiaries reported growth in key metrics, with strong AUM and customer expansion.

• The group continues to focus on digital transformation, risk management, and ESG initiatives.

Financial highlights

• Q2 FY25 consolidated revenue from operations grew to ₹33,703.74 crore, a 29-30% increase year-over-year.

• Q2 FY25 profit before tax was ₹5,965.97 crore; PAT at ₹2,087 crore (adjusted PAT growth at 11%).

• Book value per share increased 34% year-over-year to ₹428; net worth rose 34% to ₹68,325 crore.

• Surplus funds at ₹3,546 crore; dividends paid during H1 FY25 totaled ₹1,541.88 crore.

• Net cash used in operating activities for H1 FY25 was ₹31,987.75 crore.

Outlook and guidance

• Expectation of stabilization in BAGIC's government health business in Q3.

• Continued focus on underwriting profit, risk management, and digital innovation across segments.

• Life insurance product mix expected to rebalance towards traditional products in H2.

• No major capital requirements anticipated for marketplace business in the near term.