Wednesday, 19 May 2021 07:43 PM MYT
File picture shows a man walking past flags with the logo of German insurance giant Allianz prior to the company’s annual general meeting in Munich, Germany, on May 7, 2014. AFP pic
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KUALA LUMPUR, May 19 Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2021 (Q1 2021) fell to RM63.26 million from RM79.50 million registered in the same quarter last year.
However, revenue rose to RM1.61 billion in the quarter under review compared with RM1.48 billion previously, Allianz said in a filing to Bursa Malaysia today.
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Allianz Malaysia records RM1 48b gross written premiums in 1Q21
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Bajaj Finserv was last trading 6.76 per cent higher at Rs 11,200.80 on the BSE.
Share price of Bajaj Finserv gained more than seven per cent on Thursday, April 29, a day after the non-banking finance company reported its January-March quarter results for the financial year 2020-21. On Thursday, Bajaj Finserv opened on the BSE at Rs 10,550, touching an intra day high of Rs 11,299.65, and an intra day low of Rs 10,535.05, in the trading session so far. According to a regulatory filing by the firm to the BSE, Bajaj Finserv reported a net profit of Rs 979 crore in March quarter, registering a five-fold jump in profit from Rs 194 crore in the corresponding quarter last year. (
Bajaj Finserv jumped 3.82% to Rs 10,471.15 after the company s consolidated net profit surged 403% to Rs 979 crore on 15.74% rise in total income to Rs 15,387.25 crore in Q4 FY21 over Q4 FY20.Consolidated profit before tax jumped 197.45% to Rs 2358 crore in Q4 FY21 from Rs 792.9 crore posted in Q4 FY20. The result was announced during market hours today, 28 April 2021.
The company posted a 32.68% rise in net profit to Rs 4470.46 crore on 11.48% rise in total income to Rs 60,591.57 crore for the year ended March 2021 (FY21) over year ended March 2020 (FY20).
Bajaj Finserv participates in the financing business through its 52.74% holding in Bajaj Finance and in the protection business through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company Limited (BAGIC) and Bajaj Allianz life Insurance Company Limited (BALIC). Bajaj Housing Finance Limited (BHFL), which does mortgage business, is also a wholly-owned subsidiary of Bajaj Finance.