More Stories

Informist, Tuesday, Nov. 11, 2025

 

Please click here to read all liners published on this story

--Bajaj Finserv to buy 26% stake in Bajaj General, Bajaj Life by Oct 16 
--Bajaj Allianz Life AUM at INR 1.32 tln as on Sept 30, up 7% YoY 
--Bajaj Allianz General AUM at INR 349.74 bln as on Sept 30, up 9% on year 
--Bajaj Allianz Life Jul-Sept PAT INR 130 mln vs INR 1.48 bln year ago 
--Bajaj Allianz Life Q2 new business premium INR 40.12 bln vs INR 32.02 bln 
--Bajaj Allianz General Jul-Sept PAT INR 5.17 bln vs INR 4.94 bln year ago 
--Bajaj Allianz General Q2 gross written premium INR 64.1 bln vs INR 58.7 bln 
--Bajaj Finserv Q2 consol net interest income INR 107.85 bln vs INR 88.38 bln 
--Bajaj Finserv Apr-Sept consol sales INR 728.42 bln vs INR 651.84 bln yr ago 
--Bajaj Finserv Apr-Sept consol PAT INR 50.33 bln vs INR 42.25 bln year ago 
--Bajaj Finserv Jul-Sept consol revenue INR 374.03 bln vs INR 337.04 bln yr ago 
--Bajaj Finserv Jul-Sept consol net profit INR 22.44 bln vs INR 20.87 bln year ago 
--Bajaj Finserv Jul-Sept consol net profit INR 22.44 bln 

 

By Priyasmita Dutta

 

NEW DELHI – Bajaj Finserv Ltd.'s consolidated net profit for the quarter ended September rose 7.5% on year on the back of a decent rise in its revenue from operations. An on-year rise in its expenses, however, ate into the non-banking financial company's bottom line.

 

Bajaj Finserv reported a net profit of INR 22.44 billion in the September quarter, falling nearly 20% sequentially. The company's consolidated net interest income for Jul-Sept rose 22% on year to 107.85 billion.

 

Bajaj Finserv is the non-operating holding company of Bajaj Finance Ltd., Bajaj Life Insurance Ltd., Bajaj General Insurance Ltd., and Bajaj Finserv Asset Management Ltd. Bajaj Finance, in turn, is the promoter of Bajaj Housing Finance Ltd. and Bajaj Financial Securities Ltd. Bajaj Life Insurance and Bajaj General Insurance were previously called Bajaj Allianz General Insurance Co. Ltd. and Bajaj Allianz Life Insurance Co. Ltd., respectively.

 

The Pune-based non-bank finance company's consolidated total income rose 11% on year to INR 374.03 billion, of which the interest income jumped 18% on year to INR 196 billion, and premium and other operating income from insurance business rose 20% to INR 159.36 billion in the reporting quarter. 

 

In Jul-Sept, the company's total expenses rose 10% on year to INR 305.81 billion, of which finance costs grew 14% to INR 69.01 billion. At 1412 IST, shares of the stock were trading 6.5% lower at INR 1,980.50 on the National Stock Exchange. The stock closed 6% lower at INR 1,989.40 on Tuesday. The company declared its Jul-Sept earnings during market hours.  

 

The company's subsidiary Bajaj Finance reported a 22% on-year rise in consolidated net profit to INR 49 billion for the quarter ended September. Despite the sharp rise in profit, it missed analysts' expectations by a fair margin. Analysts had pegged Bajaj Finance's consolidated net profit for the September quarter at INR 51.16 billion. The lender's assets under management grew 24% to INR 4.62 trillion as of Sept. 30.

 

Bajaj Finserv said its subsidiary Bajaj Life Insurance Co.'s net profit fell sharply to INR 130 million in the September quarter from INR 1.48 billion in the corresponding quarter a year ago, largely on account of loss of goods and services tax input tax credit. The company's other subsidiary, Bajaj General Insurance Co., reported a 5% on-year increase in profit after tax to INR 5.17 billion for Jul-Sept.

 

In the quarter under review, Bajaj General Insurance's gross written premium was INR 64.13 billion, up 9% on year. Excluding the change in measurement of gross premium and tender-driven crop and government health insurance premium, gross written premium for Jul-Sept increased 18% to INR 49 billion, higher than the industry growth, the release said.

 

The general insurer's claim ratio decreased to 75.8% from 79.7% in the corresponding quarter last year. As of Sept. 30, Bajaj General Insurance's solvency ratio was 339%, well above the minimum regulatory requirement of 150%. Assets under management at the end of September were INR 350 billion, up 9% on year.

 

Bajaj Life Insurance Co.'s new business premium rose 25% on year to INR 40.12 billion. Renewal premium for Jul-Sept was INR 43.54 billion, up 30% on year. Consequently, gross written premium increased 28% on year to INR 83.66 billion. Net new business value – the metric used to measure the profitability of the life insurance business — was INR 3.67 billion, up 50% on year. The life insurer's solvency ratio was 346% as of Sept. 30, against the minimum regulatory requirement of 150%. Assets under management as of Sept. 30 were at INR 1.32 trillion, up 7% on year.

 

Bajaj Finserv will complete the acquisition of German insurer Allianz's 26% equity stake in Bajaj General and Bajaj Life by October next year, the company informed exchanges. The companies dropped the Allianz in their names last month.

 

"The acquisition will be undertaken in one or more tranches within various agreed timelines, ending by 16 October 2026 for the entire 26% equity stake, of which the Initial First Tranche shall be for a minimum of 6.1% stake," Bajaj Finserv said. 

 

The holding company's consolidated profit for Apr-Sept was INR 50.33 billion, up 19% on year. Its total revenue from operations for the period was INR 728.42 billion, up 12% on year.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.