Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality.
Bajaj Finserv: Revenue rises 12.5 per cent
The company’s revenue from operations stood at Rs 35,439.08 crore in the quarter under review, a year-on-year (YoY) jump of 12.5 per cent from Rs 31,479.93 crore reported in the corresponding quarter of previous year. This growth was led by an increase in interest income, insurance premiums, and fee-based revenue.
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The company’s total income rose 13 per cent to Rs 35,451 crore, supported by strong performance in lending, insurance, and emerging businesses.
2. Bajaj Finserv’s emerging businesses report Rs 142 crore loss in Q1
Bajaj Finserv’s newer ventures—Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Finserv Asset Management, and Bajaj Finserv Ventures—reported a consolidated loss of Rs 142 crore in Q1 FY26, as expected.
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As of June 30, 2025, Bajaj Finserv Asset Management reported assets under management (AUM) of Rs 25,011 crore.
3. Bajaj Finserv moves to fully own insurance arms
In March 2025, Bajaj Finserv signed agreements to acquire the remaining 26 per cent stake held by Allianz SE in BAGIC and BALIC. The company has already secured approvals from the Competition Commission of India and the Insurance Regulatory and Development Authority of India. The transaction will be completed in tranches, with full acquisition targeted by October 2026.
4. General insurance arm posts double-digit growth
Bajaj Allianz General Insurance Company Limited (BAGIC) reported a 15 per cent increase in PAT at Rs 660 crore, up from Rs 576 crore last year. Gross written premium grew by 9 per cent to Rs 5,202 crore, while its claim ratio improved to 71.1 per cent from 77.1 per cent in the previous year.Investment income rose 33 per cent to Rs 1,003 crore.
5. Life insurance business sees strong profitability
Bajaj Allianz Life Insurance Company (BALIC) reported a 39 per cent rise in its net value of new business (VNB) to Rs 145 crore in Q1 FY26, driven by product restructuring and a better product mix.
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