Earnings Review
Bajaj Finserv PAT up 5% as liabilities drop, income rises
This story was originally published at 17:29 IST on 30 April 2026
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--Bajaj Finserv Jan-Mar consol PAT INR 25.39 bln vs INR 24.17 bln yr ago
--Bajaj Finserv Jan-Mar consol revenue INR 384.94 bln vs INR 364.33 bln yr ago
--Bajaj Finserv to pay INR 1.50 per share dividend
--Bajaj Finserv final dividend record date Jun 30
--Bajaj Finserv FY26 consol PAT INR 98.01 bln vs INR 88.72 bln year ago
--Bajaj Finserv FY26 consol revenue INR 1.51 tln vs INR 1.33 tln year ago
--Bajaj General Jan-Mar PAT INR 3.65 bln vs INR 3.63 bln yr ago
--Bajaj General Q4 gross written premium INR 43.22 bln vs INR 43.26 bln
--Bajaj General AUM at INR 355.29 bln on Mar 31, up 7% on yr
--Bajaj Life Q4 new business premium INR 47.57 bln vs INR 37.89 bln
--Bajaj Life AUM at INR 1.34 tln on Mar 31, up 8% YoY
--Bajaj Life Jan-Mar PAT INR 730 mln vs INR 410 mln yr ago
By Priyasmita Dutta and Kabir Sharma
NEW DELHI – Bajaj Finserv Ltd.'s consolidated net profit rose 5% on year owing to a steady rise in revenue from operations and a sharp fall in insurance and investment liabilities. A rise in claims paid during the quarter, however, limited the bottom line's rise.
Bajaj Finserv reported a net profit of INR 25.39 billion for the March quarter, up 5% on year and almost 14% from the quarter ago. Its total income rose in line with the growth in profit and was up almost 6% on year at INR 385.08 billion. Following the announcement of the earnings, the company's shares fell 0.9% to INR 1,748 on the National Stock Exchange. The stock closed at INR 1,747.20, down 1%.
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 Bajaj Allianz General Insurance Co. Ltd. and Bajaj Allianz Life Insurance Co. Ltd., respectively.
The company's insurance and investment liabilities fell more than 45% on year and 30% on quarter to INR 25.29 billion. The claims paid, meanwhile, rose 19% during the March quarter to INR 75.17 billion. Sequentially, the outgo on claims rose 12%.
The company's marquee subsidiary, Bajaj Finance, had a healthy quarter. It reported a consolidated net profit of INR 54.65 billion for the March quarter, up 22% on year and over 37% sequentially. Strong growth in assets under management, leading to a jump in net interest income, helped Bajaj Finance to report the firm rise. Its assets under management totalled INR 5.10 trillion at the end of March, up 22% on year.
The general insurance subsidiary, Bajaj General Insurance Ltd., reported a net profit of INR 3.65 billion for the March quarter, only marginally better than INR 3.63 billion a year ago. The gross written premium for the quarter decreased slightly to INR 43.22 billion from INR 43.26 billion a year ago. The insurer's assets under management rose 7% on year to INR 355.29 billion.
The general insurance claims ratio improved to 68.1% during the quarter from 62.9% a year ago. The combined ratio improved to 113.6% in the March quarter from 104.8% a year ago. The underwriting loss for the quarter was INR 960 million, sharply higher than INR 30 million a year ago. The company said the rise in underwriting loss was due to higher government health claims and lower crop business.
The life insurance business, Bajaj Life Insurance, reported a net profit of INR 730 million for the quarter. New business premium for the March quarter increased 26% to INR 47.57 billion. Renewal premiums for the quarter increased 18% to INR 64.41 billion. Consequently, the gross written premium for the quarter increased 21% to INR 111.98 billion.
During the quarter, Bajaj Finserv, along with its promoter group entities Bajaj Holdings and Investment Ltd. and Jamnalal Sons Pvt. Ltd., completed the acquisition of 23% stake held by Allianz SE in the two insurance subsidiaries, Bajaj General Insurance and Bajaj Life Insurance.
For the financial year 2025-26 (Apr-Mar), Bajaj Finserv reported a consolidated net profit of INR 98.00 billion, up over 10% on year. The consolidated revenue for the period rose 13% to INR 1.51 trillion.
The company's board Thursday recommended a dividend of INR 1.50 per share. "This includes 20% special payout in celebration of 100 years of the Bajaj Group," the company said in a release. "The total amount of dividend is INR 2.40 billion (previous year INR 1.60 billion)." End
Edited by Rajeev Pai
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