Bajaj Finserv Limited reported a consolidated profit after tax (PAT) of Rs 2,789 crore for Q1 FY26, marking a 30% increase from Rs 2,138 crore in Q1 FY25. Total income for the quarter stood at Rs 35,451 crore, a 13% rise from Rs 31,480 crore in the same period last year.
The growth was driven by Bajaj Finance (PAT up 20% YoY to Rs 4,699 crore), general insurance (PAT up 15% YoY to Rs 660 crore), and life insurance, where the value of new business grew 39% YoY to Rs 145 crore.
Bajaj Finserv Q1 FY26 Results: Revenue from operations rises 12.5% YoY, PAT jumps 30.6% to ₹2,789 crore
Financial Performance (YoY):
| Metric | Q1 FY26 (₹ crore) | Q1 FY25 (₹ crore) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 35,439.08 | 31,479.33 | +12.58% |
| Total Income | 35,451.34 | 31,480.44 | +12.6% |
| Total Expenses | 28,248.32 | 25,514.14 | +10.72% |
| Profit Before Tax | 7,203.64 | 5,968.41 | +20.7% |
| Profit After Tax | 5,329.17 | 4,209.28 | +26.6% |
| Profit for the Period (Consolidated PAT) | 2,789.05 | 2,137.70 | +30.6% |
Segment-wise Highlights:
Bajaj Finance Limited (BFL):
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Net Total Income: ₹12,610 crore vs ₹10,418 crore — up 21% YoY.
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PAT: ₹4,699 crore vs ₹3,912 crore — up 20% YoY.
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Loan Losses & Provisions: ₹2,120 crore vs ₹1,685 crore.
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BHFL PAT: ₹583 crore vs ₹483 crore — up 21%.
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AUM: ₹4,41,450 crore vs ₹3,54,192 crore — up 25%.
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Gross NPA / Net NPA: 1.03% / 0.50% vs 0.86% / 0.38% YoY.
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Capital Adequacy Ratio: 21.96%; Tier-I: 21.19%.
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Face value of shares reduced to ₹1 from ₹2 during the quarter.
Bajaj Allianz General Insurance (BAGIC):
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Gross Written Premium: ₹5,202 crore vs ₹4,761 crore — up 9%.
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Net Earned Premium: ₹2,229 crore vs ₹2,232 crore.
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Claim Ratio: 71.1% vs 77.1%.
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PAT: ₹660 crore vs ₹576 crore — up 15%.
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Investment & Other Income: ₹1,003 crore vs ₹754 crore — up 33%.
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AUM: ₹35,199 crore vs ₹31,651 crore — up 11%.
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Solvency Ratio: 334%.
Bajaj Allianz Life Insurance (BALIC):
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New Business Premium: ₹2,316 crore vs ₹2,541 crore.
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Renewal Premium: ₹3,162 crore vs ₹2,477 crore — up 28%.
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Gross Written Premium: ₹5,478 crore vs ₹5,018 crore — up 9%.
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Shareholder’s PAT: ₹171 crore vs ₹97 crore — up 76%.
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Net Value of New Business (VNB): ₹145 crore vs ₹104 crore — up 39%.
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AUM: ₹1,31,052 crore vs ₹1,16,966 crore — up 12%.
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Solvency Ratio: 343%.
The company also highlighted a rise in consolidated expenses to Rs 28,248 crore, up from Rs 25,514 crore in Q1 FY25, with impairment on lending assets and investment-related provisions seeing a notable increase.
