Bajaj Finserv Q2FY26 Profit Rises 8% YoY to ₹2,244 Crore; Bajaj Life VNB Surges 50%

Pune, November 11, 2025: Bajaj Finserv Limited (NSE: BAJAJFINSV) reported steady earnings growth for the quarter ended September 30, 2025 (Q2FY26), driven by strong performance across its lending, insurance, and asset management businesses. The company’s consolidated net profit rose 8% year-on-year (YoY) to ₹2,244 crore. Despite the healthy results, Bajaj Finserv’s shares fell over 6% in Tuesday’s trade as investors reacted to the company’s moderated growth outlook and rising asset stress.

Key Financial Highlights – Q2FY26 vs Q2FY25

Bajaj Finserv’s consolidated total income stood at ₹37,403 crore in Q2FY26, up 11% from ₹33,704 crore in Q2FY25. Consolidated profit after tax (PAT) increased 8% to ₹2,244 crore from ₹2,087 crore a year earlier.

Among its major subsidiaries, Bajaj Finance reported a 22% YoY jump in PAT to ₹4,876 crore. Bajaj General Insurance and Bajaj Life Insurance also registered PAT growth of 5% and 50%, reaching ₹517 crore and ₹367 crore, respectively.

Segment-Wise Performance

Bajaj Finance had a 20% YoY rise in net total income. It reached ₹13,170 crore in Q2FY26. It was supported by higher loan growth and customer acquisitions. The AUM, NPA and Capital adequacy ratio also had positive growth. AUM totalled ₹4,62,261 crore, a 24% increase. Its gross NPA was 1.24% while net NPA stood at 0.60%. The capital adequacy ratio was 21.23%. The company also added 4.13 million customers. It booked 12.17 million new loans during the quarter. Further, its subsidiary BHFL reported an 18% YoY profit growth to ₹643 crore.

Bajaj General Insurance Limited also had a decent quarter. Its gross written premium rose 9% YoY to ₹6,413 crore. The growth was due to tender-driven crop and health insurance businesses. The company’s net earned premium stood at ₹2,404 crore, while its claim ratio improved to 75.8% from 79.7% in the same period last year. Investment and other income increased 11% to ₹788 crore. Its solvency ratio remained strong at 339%, well above the regulatory minimum of 150%. AUM stood at ₹34,974 crore.

Bajaj Life reported a rise in new business premiums. It reached ₹4,012 crore, a 25% YoY increase. Renewal premium also reached ₹4,354 crore. A solid 30% growth. The gross written premium totalled ₹8,366 crore, a 28% increase. Its VNB was ₹367 crore, a 50% growth. The company’s solvency ratio stood at 346%. Again, well above the regulatory minimum of 150%. Assets under management (AUM) stood at ₹1,32,060 crore. This was a solid 7% increase.

Emerging Businesses

Bajaj Finserv Asset Management is one of the group’s emerging businesses. It recorded AUM of ₹28,814 crore as of September 30, 2025. However, some of the emerging businesses also booked losses. This includes Finserv Health, Direct, and Asset Management. The losses stood at ₹141 crore in Q2FY26. This was in line with expectations. Further, Bajaj Alternate Investment Management Ltd continues to expand its presence. It is a wholly owned subsidiary and is in early-stage equity and real estate-focused AIFs.

Market Snapshot

The share price of Bajaj Finserv Limited was trading at ₹1,983.30 as of November 11, 2025, 3:05 pm. This was a 6.37% or ₹135.00 fall from its previous close of ₹2,118.30. The intraday range so far has been between ₹1,952.40 and ₹2,099.00. The company has had a negative trading session so far. Its total market capitalisation stood at ₹3,16,638.65 crore. Further, it had a total traded value and volume of ₹830.19 crore and 41.83 lakh shares, respectively.

REF: https://nsearchives.nseindia.com/corporate/walimbelk_11112025134341_BFSOutcomeofBM11November2025.pdf?v

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