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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	504,165	463,227	361,581	314,298	257,598	244,986
Total Interest & Dividend Income	573,551	539,556	402,909	314,314	270,257	265,694
Gain (Loss) on Sale of Investments	25,689	25,651	-8,974	3,222	37,748	-
Non-Insurance Activities Revenue	8,505	6,551	3,259	3,405	2,838	1,877
Other Revenue	59,303	56,226	49,656	36,128	34,054	28,145
Total Revenue	1,171,212	1,091,210	808,431	671,367	602,494	540,701
Revenue Growth (YoY)	33.03%	34.98%	20.42%	11.43%	11.43%	27.20%
Policy Benefits	453,280	416,489	302,473	281,087	246,953	213,867
Policy Acquisition & Underwriting Costs	73,548	69,706	42,382	34,420	26,144	22,061
Depreciation & Amortization	9,648	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	36,821	33,685	20,125	9,012	12,176	17,740
Total Operating Expenses	749,526	693,675	518,318	463,752	412,388	323,098
Operating Income	421,686	397,535	290,113	207,615	190,107	217,603
Interest Expense	-199,711	-183,995	-122,014	-94,983	-91,413	-93,385
Earnings From Equity Investments	77	80.9	11.9	-3.6	-1.8	6.6
Other Non Operating Income (Expenses)	-	-	-	-	0.5	-41,204
EBT Excluding Unusual Items	222,052	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	222,181	213,750	168,111	112,706	98,623	83,017
Income Tax Expense	61,229	57,797	46,016	29,571	24,950	23,081
Earnings From Continuing Ops.	160,952	155,954	122,095	83,135	73,674	59,936
Minority Interest in Earnings	-77,524	-74,476	-57,923	-37,568	-28,969	-26,245
Net Income	83,429	81,478	64,173	45,568	44,705	33,691
Net Income to Common	83,429	81,478	64,173	45,568	44,705	33,691
Net Income Growth	18.33%	26.97%	40.83%	1.93%	32.69%	4.66%
Shares Outstanding (Basic)	1,594	1,593	1,591	1,591	1,591	1,591
Shares Outstanding (Diluted)	1,609	1,608	1,604	1,592	1,592	1,592
Shares Change (YoY)	0.14%	0.25%	0.78%	0.01%	-0.00%	0.01%
EPS (Basic)	52.35	51.15	40.33	28.63	28.09	21.17
EPS (Diluted)	51.90	50.70	40.00	28.60	28.09	21.17
EPS Growth	18.25%	26.75%	39.86%	1.82%	32.69%	4.66%
Free Cash Flow	-	-696,355	-402,589	-343,212	42,544	-241,380
Free Cash Flow Per Share	-	-432.98	-250.95	-215.60	26.73	-151.65
Dividend Per Share	-	1.000	0.800	0.400	0.300	0.500
Dividend Growth	-	25.00%	100.00%	33.33%	-40.00%	100.00%
Operating Margin	36.00%	36.43%	35.89%	30.92%	31.55%	40.24%
Profit Margin	7.12%	7.47%	7.94%	6.79%	7.42%	6.23%
Free Cash Flow Margin	-	-63.81%	-49.80%	-51.12%	7.06%	-44.64%
EBITDA	425,685	401,261	292,744	210,066	192,295	219,868
EBITDA Margin	36.35%	36.77%	36.21%	31.29%	31.92%	40.66%
D&A For EBITDA	4,000	3,726	2,632	2,451	2,189	2,265
EBIT	421,686	397,535	290,113	207,615	190,107	217,603
EBIT Margin	36.00%	36.43%	35.89%	30.92%	31.55%	40.24%
Effective Tax Rate	27.56%	27.04%	27.37%	26.24%	25.30%	27.80%
Revenue as Reported	1,185,832	1,103,830	820,720	684,390	605,916	543,515

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