Bajaj Finserv Ltd. (NSE: BAJAJFINSV)

Bajaj Finserv Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	526,914	463,227	361,581	314,298	257,598	244,986
Total Interest & Dividend Income	608,336	539,556	402,909	314,314	270,257	265,694
Gain (Loss) on Sale of Investments	25,818	25,651	-8,974	3,222	37,748	-
Non-Insurance Activities Revenue	10,430	6,551	3,259	3,405	2,838	1,877
Other Revenue	73,782	56,226	49,656	36,128	34,054	28,145
Total Revenue	1,245,280	1,091,210	808,431	671,367	602,494	540,701
Revenue Growth (YoY)	33.10%	34.98%	20.42%	11.43%	11.43%	27.20%
Policy Benefits	486,440	416,489	302,473	281,087	246,953	213,867
Policy Acquisition & Underwriting Costs	78,229	69,706	42,382	34,420	26,144	22,061
Depreciation & Amortization	10,313	9,001	6,778	5,627	4,985	4,568
Selling, General & Administrative	19,618	19,618	30,901	22,538	17,493	18,588
Other Operating Expenses	35,772	33,685	20,125	9,012	12,176	17,740
Total Operating Expenses	800,923	693,675	518,318	463,752	412,388	323,098
Operating Income	444,357	397,535	290,113	207,615	190,107	217,603
Interest Expense	-215,677	-183,995	-122,014	-94,983	-91,413	-93,385
Earnings From Equity Investments	109.4	80.9	11.9	-3.6	-1.8	6.6
Other Non Operating Income (Expenses)	-	-	-	-	0.5	-41,204
EBT Excluding Unusual Items	228,790	213,621	168,110	112,629	98,693	83,021
Gain (Loss) on Sale of Assets	129.1	129.1	1	77.1	-69.2	-4
Pretax Income	228,919	213,750	168,111	112,706	98,623	83,017
Income Tax Expense	63,722	57,797	46,016	29,571	24,950	23,081
Earnings From Continuing Ops.	165,197	155,954	122,095	83,135	73,674	59,936
Minority Interest in Earnings	-80,188	-74,476	-57,923	-37,568	-28,969	-26,245
Net Income	85,009	81,478	64,173	45,568	44,705	33,691
Net Income to Common	85,009	81,478	64,173	45,568	44,705	33,691
Net Income Growth	14.53%	26.97%	40.83%	1.93%	32.69%	4.66%
Shares Outstanding (Basic)	1,593	1,593	1,591	1,591	1,591	1,591
Shares Outstanding (Diluted)	1,608	1,608	1,604	1,592	1,592	1,592
Shares Change (YoY)	-0.19%	0.25%	0.78%	0.01%	-0.00%	0.01%
EPS (Basic)	53.35	51.15	40.33	28.63	28.09	21.17
EPS (Diluted)	52.90	50.70	40.00	28.60	28.09	21.17
EPS Growth	14.83%	26.75%	39.86%	1.82%	32.69%	4.66%
Free Cash Flow	-703,127	-696,355	-402,589	-343,212	42,544	-241,380
Free Cash Flow Per Share	-437.21	-432.98	-250.95	-215.60	26.73	-151.65
Dividend Per Share	1.000	1.000	0.800	0.400	0.300	0.500
Dividend Growth	25.00%	25.00%	100.00%	33.33%	-40.00%	100.00%
Operating Margin	35.68%	36.43%	35.89%	30.92%	31.55%	40.24%
Profit Margin	6.83%	7.47%	7.94%	6.79%	7.42%	6.23%
Free Cash Flow Margin	-56.46%	-63.81%	-49.80%	-51.12%	7.06%	-44.64%
EBITDA	449,395	401,261	292,744	210,066	192,295	219,868
EBITDA Margin	36.09%	36.77%	36.21%	31.29%	31.92%	40.66%
D&A For EBITDA	5,038	3,726	2,632	2,451	2,189	2,265
EBIT	444,357	397,535	290,113	207,615	190,107	217,603
EBIT Margin	35.68%	36.43%	35.89%	30.92%	31.55%	40.24%
Effective Tax Rate	27.84%	27.04%	27.37%	26.24%	25.30%	27.80%
Revenue as Reported	1,262,642	1,103,830	820,720	684,390	605,916	543,515

Source: S&P Capital IQ. Insurance template. Financial Sources.