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Informist, Wednesday, Feb. 4, 2026

 

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--Bajaj Finserv general insurance Oct-Dec PAT INR 3.99 bln 
--Bajaj Life Q3 new business premium INR 35.01 bln vs INR 27.61 bln 
--Bajaj Life AUM at INR 1.38 tln on Dec 31, up 13% YoY 
--Bajaj General AUM at INR 364.17 bln on Dec 31 vs INR 326.33 bln year ago 
--Bajaj Life Q3 loss on GST input tax credit, one-time labour code impact 
--Bajaj Life Oct-Dec loss INR 310 mln vs PAT INR 2.22 bln yr ago 
--Bajaj General Q3 gross written premium INR 73.89 bln vs INR 66.26 bln 
--Bajaj Finserv Q3 consol net interest income INR 113.17 bln vs INR 93.82 bln 
--Bajaj Finserv Oct-Dec profit excluding exceptional cost INR 26.08 bln 
--Bajaj Finserv Apr-Dec consol revenue INR 1.13 tln vs INR 972.26 bln yr ago 
--Bajaj Finserv Apr-Dec consol PAT INR 72.62 bln vs INR 64.56 bln yr ago 
--Bajaj Finserv Oct-Dec labour codes implementation cost INR 3.79 bln 
--Bajaj Finserv Oct-Dec consol revenue INR 397.08 bln vs INR 320.42 bln yr ago 
--Bajaj Finserv Oct-Dec consol PAT INR 22.29 bln vs INR 22.31 bln year ago 
--Bajaj Finserv Oct-Dec consol revenue INR 397.08 bln 
--Bajaj Finserv Oct-Dec consol PAT INR 22.29 bln 
 

 

By Kabir Sharma

 

MUMBAI – Bajaj Finserv Ltd.'s consolidated net profit for the quarter ended December was largely unchanged from a year ago as an increase in revenue was offset by a surge in insurance and investment liabilities.  

 

Bajaj Finserv reported a net profit of INR 22.29 billion for the December quarter, largely unchanged from a year ago and a quarter ago. The company's consolidated net interest income for Oct-Dec rose to 113.17 billion from INR 93.82 billion a year ago. Post the announcement of the earnings, shares of the company were 0.4% higher at INR 2,021 on the National Stock Exchange. 

 

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.

 

Bajaj Finserv had a one-time impact of INR 3.79 billion on account of the implementation of new labour codes. Exclusing this, the company would have reported a net profit of INR 26.08 billion.  

 

The company's marquee subsidiary Bajaj Finance had a dismal December quarter. A surge in impairments on financial instruments led to a fall in Bajaj Finance's net profit for the first time in 19 quarters. The company reported a consolidated net profit of INR 39.78 billion for the reporting quarter, down over 6% on year and over 18% sequentially.

 

The general insurance subsidiary, Bajaj General Insurance Ltd., reported a net profit of INR 3.99 billion for the December quarter, largely unchanged from INR 4.00 billion a year ago. The gross written premium for the quarter increased 12% to INR 73.89 billion, up from INR 66.26 billion a year ago. Assets under management of the insurer rose 12% on year to INR 364.17 billion. 

 

The general insurance claims ratio improved to 75.1% during the quarter from 77.7% a year ago. The combined ratio improved to 97.9% in the December quarter from 101.1% a year ago. The underwriting loss was at INR 1.37 billion for the quarter, higher than INR 430 million a year ago. The company said the rise in underwriting loss was due to higher acquisition cost on preferred business lines and a one-time charge of the new labour codes.

 

The life insurance business, Bajaj Life Insurance, reported a net loss of INR 310 million for the quarter. The insurer was weighed down by loss of GST input tax credit and one-time charge of new labour codes, it said. New business premium for Oct-Dec increased 27% to INR 35.01 billion. Renewal premium for December increased 21% to INR 43.53 billion. Consequently, the gross written premium for the quarter increased 23% to INR 78.54 billion.

 

For Apr-Dec, Bajaj Finserv reported a conolidated net profit of INR 72.62 billion, up 12.5% on year. The consolidated revenue for the period rose 15.8% to INR 1.13 trillion. 

 

Bajaj Finserv's insurance liabilities ate into the net profit for the quarter. Liabilities more than doubled on year to INR 35.97 billion. The consolidated revenue for Oct-Dec rose 24% to INR 397.08 billion.

 

Bajaj Finserv continues to focus on growing its emerging businesses, which include Bajaj Finserv Health, Bajaj Finserv Direct and Bajaj Finserv Asset Management, it said. Losses from these businesses for the reporting quarter were INR 1.38 crore billion as envisaged, the company said.  

 

On Jan. 8, Bajaj Finserv, along with Bajaj Holdings and Investment Ltd. and Jamnalal Sons Pvt. Ltd., completed the acquisition of 23% equity stake held by Allianz SE in the two insurance subsidiaries – Bajaj General Insurance and Bajaj Life Insurance.  End

 

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

 

Edited by Avishek Dutta

 

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