Bajaj Finserv Q3 net profit up 15% at Rs 1,290 crore; income up 9%

Bajaj Finserv, the holding company of the financial services business of the Bajaj group, has reported a 15 per cent growth in its net profit for the October – December (Q3FY21) at Rs 1,290 crore, compared to Rs 1,126 crore in the corresponding period of FY20.

The consolidated total income of the company rose 9.61 per cent to Rs 15,961 crore in Q3FY21, compared to Rs 14,561 crore in Q3FY20.

It holds a little over of 52 per cent in the consumer finance giant Bajaj Finance, 74 per cent in Bajaj Allianz general insurance and Bajaj Allianz life insurance.

The general insurance arm