Bajaj Finserv Q2 Results Live: Profit Rise by 8.19% YoY

Bajaj Finserv Q2 Results Live : Bajaj Finserv declared their Q2 results on 23 Oct, 2024, showcasing a robust financial performance despite some challenges. The company's topline saw a significant increase of 29.52% year-over-year, while profit rose by 8.19% during the same period.

Comparing to the previous quarter, revenue grew by 7.06%, although profit experienced a slight decline of 2.37%. The company's Selling, General & Administrative expenses rose by 8.82% quarter-on-quarter and increased by 25.13% year-over-year, indicating rising operational costs.

Operating income showed resilience, with a growth of 3.89% quarter-on-quarter and an impressive increase of 23.27% year-over-year. The earnings per share (EPS) for Q2 stood at ₹21.29, reflecting a healthy growth of 26.95% compared to the previous year.

Despite the positive quarterly results, Bajaj Finserv has faced some volatility in its stock performance. The company reported a -6.57% return in the last week, but managed to achieve a 6.71% return over the last six months and a 3.2% year-to-date return.

As of now, Bajaj Finserv holds a market capitalization of ₹277,393.9 crore, with a 52-week high of ₹2029.9 and a low of ₹1419.05. Analysts have mixed views on the stock; out of ten analysts covering the company, two have given a Sell rating, five a Buy rating, and three a Strong Buy rating.

The consensus recommendation as of 24 Oct, 2024, suggests a 'Buy' stance, reflecting a positive outlook on Bajaj Finserv's growth potential despite recent stock performance fluctuations.