BFS participates in the financing business through its 55% holding in Bajaj Finance Limited (BFL) 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). High growth is seen in this company majorly due to the high growth of its finance segment Bajaj Finance & in the Insurance segment also. 75% of Net profits come from Bajaj Finance. Many people in the group have held this company since 1000 and still no need to hurry and sell. Best from Holding Companies.
The current H1 revenue has grown by 10% & profits by 8% effect of Corona as we have seen the Profit growth of 15% since long time. As a result of significant. Slowdown in economic activity post the complete nation-wide COVID-19 lockdown, India's GDP contracted sharply by 23.9% during Q1 FY21. However, economic growth started picking up pace quite well in Q2 as evidenced by few high frequency indicators. With month-on-month growth being witnessed after the process of unlocking started, looking forward to the second half of the year with greater optimism. Under these testing times, businesses have focused on managing risk with a calibrated approach to growth. Major Contributor Baj Finance GNPA is currently 1.07% wich is quite comfortable and if Add Post Moratorium than it could increase to 1.38%, can attract some more provisions which could affect the Profits.
No need to worry as Companies Business is in a varied growing Industries. New Buying again can be done during any fall in the whole range of 5700 to 4200 & can hold it for long term wealth creation. Next 4 Year target could be 9400. Bajaj Holdings is a parent Company that holds around 40%.