Latest news with #BajajFinservLtd
Mint
4 days ago
- Business
- Mint
Bajaj Finserv promoters to sell up to 1.9% stake worth ₹5,828 cr via block deal
Jamnalal Sons Pvt. Ltd and Bajaj Holdings & Investment Ltd, both part of Bajaj Finserv Ltd's promoter group, are slated to offload up to 31 million shares, representing a 1.9% stake in the company, via block deals, according to the term sheet of the transaction. Bajaj Finserv Ltd is the holding company for the financial services businesses of the Bajaj Group. As of March 2025, promoter entities held approximately 60.64% stake in the company, as per the shareholding data on BSE. The document showed that the base deal is worth ₹ 4,750 crore with an option to increase the transaction by ₹ 1,078 crore, which allows the sellers to sell extra shares if there is strong demand. The indicative floor price for this deal is set at ₹ 1,880 per equity share, which implies a 3.3% discount to Thursday's closing price of ₹ 1,943.50 on the BSE, as per the term sheet. Kotak Securities is handling the transaction. Bajaj Finserv Ltd reported a 14% year-on-year rise in consolidated net profit to ₹ 2,417 crore for the quarter ended March 2025. Total consolidated income for the quarter grew to ₹ 35,596 crore, compared to ₹ 32,042 crore in the January–March quarter of the previous fiscal. According to a 5 May report by Mirae Asset Sharekhan, Bajaj Finance's earnings growth was healthy (in-line) at 19% year on year, but the management has revised guidance for FY26 slightly on the lower side with respect to the return ratio and assets under management growth. The brokerage believes strong growth visibility in the lending business and a healthy medium to long-term outlook for both insurance businesses could act as a positive trigger for strong consolidated earnings going forward. Moreover, scaling up of the new business would further support performance, which has not been factored in the brokerage's valuation. Mirae Asset Sharekhan has a 'buy' rating on the stock with a target price of ₹ 2,350. Kotak Institutional Equities also remains positive about Bajaj Finserv's ability to steer business to gain market share and profitability. 'With a complete stake in the insurance ventures at the group and the group's star CEO, Rajeev Jain, joining the Board (though in a non-executive capacity), we expect the transformation exercise at group companies to gather momentum,' highlighted the Kotak report dated 1 May. That said, any decline in the performance of its subsidiaries could weigh on the company's earnings growth and overall profitability.
Mint
4 days ago
- Business
- Mint
Bajaj Finserv promoters to sell up to 1.9% stake worth ₹5,828 cr via block deal
Jamnalal Sons Pvt. Ltd and Bajaj Holdings & Investment Ltd, both part of Bajaj Finserv Ltd's promoter group, are slated to offload up to 31 million shares, representing a 1.9% stake in the company, via block deals, according to the term sheet of the transaction. Bajaj Finserv Ltd is the holding company for the financial services businesses of the Bajaj Group. As of March 2025, promoter entities held approximately 60.64% stake in the company, as per the shareholding data on BSE. The document showed that the base deal is worth ₹ 4,750 crore with an option to increase the transaction by ₹ 1,078 crore, which allows the sellers to sell extra shares if there is strong demand. The indicative floor price for this deal is set at ₹ 1,880 per equity share, which implies a 3.3% discount to Thursday's closing price of ₹ 1,943.50 on the BSE, as per the term sheet. Kotak Securities is handling the transaction. Bajaj Finserv Ltd reported a 14% year-on-year rise in consolidated net profit to ₹ 2,417 crore for the quarter ended March 2025. Total consolidated income for the quarter grew to ₹ 35,596 crore, compared to ₹ 32,042 crore in the January–March quarter of the previous fiscal. According to a 5 May report by Mirae Asset Sharekhan, Bajaj Finance's earnings growth was healthy (in-line) at 19% year on year, but the management has revised guidance for FY26 slightly on the lower side with respect to the return ratio and assets under management growth. The brokerage believes strong growth visibility in the lending business and a healthy medium to long-term outlook for both insurance businesses could act as a positive trigger for strong consolidated earnings going forward. Moreover, scaling up of the new business would further support performance, which has not been factored in the brokerage's valuation. Mirae Asset Sharekhan has a 'buy' rating on the stock with a target price of ₹ 2,350. Kotak Institutional Equities also remains positive about Bajaj Finserv's ability to steer business to gain market share and profitability. 'With a complete stake in the insurance ventures at the group and the group's star CEO, Rajeev Jain, joining the Board (though in a non-executive capacity), we expect the transformation exercise at group companies to gather momentum,' highlighted the Kotak report dated 1 May. That said, any decline in the performance of its subsidiaries could weigh on the company's earnings growth and overall profitability. The recent rebound in Indian equities, after correcting more than 10% from its peak, has reignited institutional interest in block deals, according to experts. These large trades are gaining momentum once again, providing a fillip to India's equity capital markets at a time when IPO activity remains subdued and market volatility persists. As reported by Mint, institutional investors lined up four block deals worth nearly ₹ 3,500 crore on 4 June.
Business Upturn
30-04-2025
- Business
- Business Upturn
Bajaj Finserv shares plunge over 5% today as insurance premium performance weighs on sentiment
By Aditya Bhagchandani Published on April 30, 2025, 09:27 IST Shares of Bajaj Finserv Ltd dropped sharply by 5.26% to Rs 1,958.10 in early trade on Tuesday after weak insurance premium figures dampened investor sentiment, despite strong Q4 results from its lending arm, Bajaj Finance. The stock had closed at Rs 2,066.90 in the previous session, with a total market capitalization now standing at Rs 3.12 lakh crore. The key pressure point for the stock appears to be a significant decline in its insurance business performance. According to recent disclosures, the company reported a 9.65% fall in total premium and a 12.80% year-on-year drop in gross written premium for Q4 FY25, raising concerns about growth in its insurance vertical. This comes even as its lending arm, Bajaj Finance, posted a 17% rise in consolidated net profit to Rs 4,480 crore and a 17% jump in revenue to Rs 18,457 crore. The NBFC also declared a special dividend of Rs 12 per share and a final dividend of Rs 44 per share, with record dates on May 9 and May 30, respectively. As of 9:20 AM, the stock was trading near the lower end of its day's range of Rs 1,935.90 to Rs 2,020.00, indicating selling pressure. The P/E ratio stood at 36.72 with an average volume of 2.02 million shares. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
29-04-2025
- Business
- Mint
Bajaj Finserv Q4 Results: Net profit rises 14% to ₹2,417 crore; 100% dividend declared
Bajaj Finserv Ltd (BFL) on Tuesday reported a 14 per cent increase in its consolidated net profit to ₹ 2,417 crore in the fourth quarter ended March 2025. The company had posted a net profit of ₹ 2,119 crore during the corresponding January-March period of the previous fiscal. The total consolidated income during the March 2025 quarter rose to ₹ 35,596 crore against ₹ 32,042 crore in the corresponding period of the previous financial year, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The board recommended a dividend of Re 1 per share or 100 per cent on the face value of Re 1. The proposed dividend is to be approved by the shareholders at the ensuing Annual General Meeting. For the financial year 2024-25, the company witnessed a 9 per cent increase in profit at ₹ 8,872 crore over ₹ 8,148 crore in the previous fiscal.
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Business Standard
29-04-2025
- Business
- Business Standard
Bajaj Finserv Q4 results: Profit rises 14% to ₹2,417 cr, income at ₹36K cr
Bajaj Finserv Ltd (BFL) on Tuesday reported a 14 per cent increase in its consolidated net profit to Rs 2,417 crore in the fourth quarter ended March 2025. The company had posted a net profit of Rs 2,119 crore during the corresponding January-March period of the previous fiscal. The total consolidated income during the March 2025 quarter rose to Rs 35,596 crore against Rs 32,042 crore in the corresponding period of the previous financial year, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing. The board recommended a dividend of Re 1 per share or 100 per cent on the face value of Re 1. The proposed dividend is to be approved by the shareholders at the ensuing Annual General Meeting. For the financial year 2024-25, the company witnessed a 9 per cent increase in profit at Rs 8,872 crore over Rs 8,148 crore in the previous fiscal. The total consolidated income rose to Rs 1,33,822 crore compared to Rs 1,10,383 crore in the previous financial year.
