Bajaj Finserv’s Q1 results were also “negatively impacted” by losses from Cyclone Fani, which hit India’s east coast in the June quarter. (Photographer: Brent Lewin/Bloomberg)

Q1 Results: Bajaj Finserv Delivers Flat Profit Growth Due To Impairments

Jul 25 2019, 12:30 PMJul 25 2019, 1:05 PMJuly 25 2019, 12:30 PMJuly 25 2019, 1:05 PM

Impairments and losses in insurance subsidiaries hurt Bajaj Finserv Ltd.’s profit for the June quarter of 2019-20.Net profit of the non-bank lender rose 2.4 percent year-on-year to Rs 845.3 crore i...