Earnings Review
Bajaj Finserv's consol PAT up 30% as interest income jumps
This story was originally published at 14:41 IST on 25 July 2025
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--Bajaj Allianz Life Apr-Jun PAT INR 1.71 bln vs INR 970 mln year ago
--Bajaj Allianz Life AUM at INR 1.31 tln as on Jun 30, up 12% YoY
--Bajaj Allianz Life Q1 new business premium INR 23.16 bln vs INR 25.41 bln
--Bajaj Allianz General Apr-Jun PAT INR 6.60 bln vs INR 5.76 bln year ago
--Bajaj Allianz General AUM at INR 351.99 bln as on Jun 30, up 11% YoY
--Bajaj Finserv Apr-Jun consol PAT INR 27.89 bln vs INR 21.38 bln year ago
--Bajaj Allianz General Q1 gross written premium INR 52.02 bln, up 9% YoY
--Bajaj Finserv Apr-Jun consol PAT INR 27.89 bln
--Bajaj Finserv Apr-Jun consol revenue INR 354.39 bln vs INR 314.80 bln
NEW DELHI – Bajaj Finserv Ltd.'s consolidated net profit for the quarter ended June rose at its fastest pace year-on-year in two years on back of a robust increase in interest income. Sharp on-year rise in finance cost, however, ate into the non-banking financial company's bottom line.
Bajaj Finserv's net profit rose 30.5% on year and 15.4% sequentially to INR 27.89 billion in Apr-Jun. Bajaj Finserv is the non-operating holding company of Bajaj Finance Ltd., Bajaj Allianz General Insurance Co. Ltd., Bajaj Allianz Life Insurance Co. Ltd., and Bajaj Finserv Asset Management Ltd. Bajaj Finance, in turn, is the promoter of Bajaj Housing Finance Ltd. and Bajaj Financial Securities Ltd. More
The Pune-based non-bank lender's consolidated total income rose 12.6% on year to INR 354.51 billion, of which the interest income jumped 21.7% on year to INR 188.90 billion, and premium and other operating income from insurance business rose 4.1% to INR 128.04 billion in the reporting quarter.
In Apr-Jun, the company's total expenses rose 10.7% on year to INR 282.48 billion, of which finance costs grew 21.7% to INR 68.07 billion. The company's expenses from net change in insurance or investment contract liabilities rose 21.5% on year to INR 30.41 billion.
The company's subsidiary Bajaj Finance reported a 20.1% on-year rise in consolidated net profit to INR 47 billion for the quarter ended June, higher than analyst estimate of INR 46.14 billion, owing to strong growth in assets under management. A sharp rise in net interest income also helped bolster the financier's bottom line.
Shares of Bajaj Finserv that were down from the previous close, came off lows after announcement of the financial results for the June quarter. At 1432 IST, they traded at INR 1,983.30, down 2.4%, on the National Stock Exchange.
Bajaj Finserv said its subsidiary Bajaj Allianz Life Insurance Co.'s net profit increased 76% on year to INR 1.71 billion in Apr-Jun. The company's other subsidiary Bajaj Allianz General Insurance Co.'s profit after tax increased 15% on year to INR 6.6 billon in the reporting quarter.
In Apr-Jun, Bajaj Allianz General Insurance's gross written premium was INR 52.02 billion, up 9% on year. Excluding tender-driven crop insurance and government health insurance premium, the general insurance company's gross written premium increased to INR 53.58 billion up 15% on year.
The general insurer's claim ratio decreased to 71.1% from 77.1% in the corresponding quarter last year. As of Jun. 30, Bajaj Allianz General Insurance's solvency ratio was 334%, well above the minimum regulatory requirement of 150%. Assets under management at the end of June were INR 352 billion, up 11% on year.
Bajaj Allianz Life Insurance Co.'s new business premium fell 9% on year to INR 23.16 billion. Renewal premium for Apr-Jun was INR 31.62 billion, up 28% on year. Consequently, gross written premium increased 9% on year to INR 54.78 billion.
Net new business value--the metric used to measure the profitability of the life insurance business--was INR 1.45 billion, up 39% on year. The solvency ratio was 343% as of Jun. 30, against the minimum regulatory requirement of 150%. Assets under management as of Jun. 30 were at INR 1.31 trillion, up 12% on year. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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