Bajaj Finserv Limited Reports Standalone and Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 15, 2013 at 08:29 am EST
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Bajaj Finserv Limited reported standalone and consolidated unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported standalone income from operations of INR 251.7 million compared to INR 283.8 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 147.4 million compared to INR 198.8 million a year ago. Profit from ordinary activities before tax was INR 174.8 million compared to INR 223.0 million a year ago. Profit from ordinary activities after tax was INR 111.3 million compared to INR 144.7 million a year ago. Basic and diluted earnings per share was INR 0.7 compared to INR 1.0 a year ago.
For the nine months, the company reported standalone income from operations of INR 1,171.1 million compared to INR 1,157.9 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 816.9 million compared to INR 879.7 million a year ago. Profit from ordinary activities before tax was INR 896.2 million compared to INR 943.1 million a year ago. Profit from ordinary activities after tax was INR 661.2 million compared to INR 667.5 million a year ago. Basic and diluted earnings per share were INR 4.5 compared to INR 4.7 a year ago.
For the quarter, the company reported consolidated income from operations of INR 11,198.3 million compared to INR 8,251.9 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 8,197.5 million compared to INR 5,763.4 million a year ago. Profit from ordinary activities before tax was INR 4,998.0 million compared to INR 3,716.0 million a year ago. Profit from ordinary activities after tax was INR 3,611.1 million compared to INR 2,545.6 million a year ago. Basic and diluted earnings per share were INR 15.8 compared to INR 11.5 a year ago.
For the nine months, the company reported consolidated income from operations of INR 30,551.4 million compared to INR 21,514.9 million a year ago. Profit from operations before other income finance costs and exceptional items was INR 22,035.3 million compared to INR 14,720.1 million a year ago. Profit from ordinary activities before tax was INR 13,280.3 million compared to INR 9,618.4 million a year ago. Profit from ordinary activities after tax was INR 9,571.0 million compared to INR 6,751.9 million a year ago. Basic and diluted earnings per share were INR 43.8 compared to INR 31.0 a year ago.
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include life insurance, general insurance, windmill, retail financing, and investments and others. It focuses on urban lending, two and three-wheeler lending, small and medium enterprise lending, rural lending, mortgages, loan against securities, and commercial lending. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
BAJAJ FINSERV LTD. 
