Bajaj Finserv Reports Record ₹2,789 Cr Q1 Profit; Bajaj Finance PAT Jumps 20% YoY

Pune, July 25, 2025 – Bajaj Finserv Limited (NSE: BAJAJFINSV) delivered a stellar performance in Q1 FY26, with consolidated Profit After Tax (PAT) soaring 30.4% year-on-year to ₹2,789 crore, up from ₹2,138 crore in Q1 FY25. Revenue rose approximately 12.6–13% to ₹35,439–₹35,451 crore, reflecting strong growth across insurance, lending, and financial services segments.

The solid results were underpinned by robust performance at Bajaj Finance, which reported a 22% YoY rise in standalone PAT to ₹4,133 crore and about ₹4,765 crore in consolidated profit, supported by a 22% jump in Net Interest Income (NII) to ₹10,227 crore and a 25% increase in Assets Under Management (AUM) to ₹4.41 lakh crore.

New loan originations also surged 23% YoY, with 13.49 million loans booked during the quarter and a customer base expanding by 4.7 million, taking total customers to over 106 million. Despite rising credit provisioning—loans under loss coverage rose 26% YoY to ₹2,120 crore, and gross NPA increased to 1.03% and net NPA to 0.50%—the company maintained a strong capital position with a Tier‑I ratio around 21%.

Stock Performance

As of 1:00 PM IST on July 25, shares of the company were trading at ₹1,960.00, down ₹72.30 or 3.56% for the day, after opening at ₹1,999.00 and hitting an intraday high and low of ₹2,000.00 and ₹1,932.90 respectively.

Consolidated Financial Highlights

For the first quarter of FY26, the company reported a strong set of consolidated financial results under Ind AS. Total income rose 13% year-on-year (YoY) to ₹35,451 crore, compared to ₹31,480 crore in Q1 FY25. Profit before tax stood at ₹7,204 crore, marking a 21% YoY increase, while profit after tax jumped 30% to ₹2,789 crore from ₹2,138 crore a year ago. Total comprehensive income also saw a 6% rise, reaching ₹4,997 crore. The basic earnings per share (EPS) improved to ₹17.5 in Q1 FY26, up from ₹13.4 in the same period last year.

Note: Consolidated PAT includes ₹110 crore unrealised mark-to-market gain and excludes ₹187 crore realised gains under OCI classification.

Segment-Wise Performance

Bajaj Finance Limited (BFL)

Bajaj Finance Limited (BFL) reported a profit after tax (PAT) of ₹4,699 crore for Q1 FY26, reflecting a 20% year-on-year increase. The company’s net total income rose by 21% to ₹12,610 crore. Its assets under management (AUM) grew by 25% year-on-year to ₹4,41,450 crore. During the quarter, BFL booked 1.35 crore new loans. The gross non-performing assets (NPA) stood at 1.03%, while the net NPA was at 0.50%. The capital adequacy ratio remained strong at 21.96%. Additionally, the company completed a 4:1 bonus share issue and split the face value of its shares from ₹2 to ₹1 during the quarter.

Bajaj Allianz General Insurance (BAGIC)

Bajaj Allianz General Insurance Company (BAGIC) recorded a gross written premium of ₹5,202 crore, marking a 9% year-on-year growth. Its profit after tax rose 15% to ₹660 crore, while investment income surged 33% to ₹1,003 crore. The company posted a combined ratio of 103.6%, which adjusted to 102.5%. The solvency ratio stood at a healthy 334%.

Bajaj Allianz Life Insurance (BALIC)

Bajaj Allianz Life Insurance Company (BALIC) reported a gross written premium of ₹5,478 crore, up 9% year-on-year. Renewal premium rose 28% to ₹3,162 crore. The company’s profit after tax jumped 76% to ₹171 crore. The net value of new business (VNB) increased by 39% to ₹145 crore. BALIC maintained a strong solvency ratio of 343%.

Emerging Businesses

• AUM of Bajaj Finserv Asset Management: ₹25,011 crore.
• Losses from new ventures (Health, Direct, Ventures, AMC): ₹142 crore, in line with expectations.

Strategic Update: Allianz Exit Underway

Bajaj Finserv is set to acquire Allianz SE’s 26% stake in both BAGIC and BALIC by October 2026. The initial tranche (6.1%) will terminate existing joint venture agreements. CCI and IRDAI have already cleared the transaction.

Management Commentary

“Bajaj Finserv has delivered its highest-ever consolidated quarterly profit, reflecting strong performance across lending and insurance verticals, while our emerging businesses continue to scale,” said Ramandeep Singh Sahni, CFO, Bajaj Finserv Ltd.

About Bajaj Finserv Limited

Bajaj Finserv Limited is a registered Core Investment Company (CIC) and the holding entity for Bajaj Finance, Bajaj Allianz General & Life Insurance, and emerging digital ventures. It is listed on NSE and BSE and is a constituent of the Nifty 50 and Sensex indices. The company holds a commanding position in India’s credit market, managing around ₹4.4 lakh crore in assets under management (AUM) and delivering industry-leading metrics like ROE of nearly 20%, Net NPA under 0.5%, and strong interest coverage ratios. Widely recognised for its advanced data analytics and customer-centric approach, Bajaj Finance continues to lead growth through digital innovation and strategic expansion via its distribution network and wide product portfolio.

REF:https://nsearchives.nseindia.com/corporate/walimbelk_25072025120459_OUTCOMEBSENSE.pdf

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