Bajaj Finserv Q1 Profit Rises 18% to Rs 6,297 Cr, Board Approves Entry In re-Insurance Biz

New Delhi: Bajaj Finserv Ltd (BFL) on Friday reported an 18 per cent increase in consolidated net profit at Rs 6,297 crore for the June quarter.

The company had logged a net profit of Rs 5,329 crore in the year-ago period.

Total income during the quarter increased to Rs 42,037 crore from Rs 35,300 crore in the year-ago period, BFL said in a regulatory filing.

BFL is the holding company for various financial services businesses under the Bajaj group.

The board also approved setting up of re-insurance business subject to regulatory clearance.

“Subject to the approval of Insurance Regulatory and Development Authority of India (IRDAI) and other authorities the board has granted its approval for pursuing re-insurance business through a subsidiary of the company to be incorporated,” it said.

Total expenditure also rose to Rs 33,110 crore from Rs 28,097 crore in the same quarter a year ago.

During the quarter, its subsidiary Bajaj General Insurance reported a 28 per cent fall in profit to Rs 478 crore from Rs 660 crore in the same period a year ago.

Gross written premium for Q1, FY27 increased 11 per cent to Rs 5,789 crore as compared to Rs 5,202 crore in the corresponding quarter of the previous fiscal year.

Net earned premium increased 20 per cent to Rs 2,669 crore as against Rs 2,229 crore in the same period a year ago.

During the quarter, underwriting loss widened at Rs 130 crore from Rs 116 crore in Q1 FY26.

Investment and other income for the quarter under review stood at Rs 768 crore from Rs 1,003 crore a year earlier.

Another subsidiary Bajaj Life Insurance’s shareholders’ profit also declined to Rs 51 crore from Rs 171 crore in the same quarter a year ago.

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