Bajaj Global Reports Net Loss of ₹414.52 Lakhs in FY26 as Board Approves Audited Results
Bajaj Global Limited reported a net loss of ₹414.52 lakhs for FY26, reversing from a net profit of ₹578.58 lakhs in FY25, driven by a deferred tax charge of ₹403.41 lakhs and a sharp rise in total expenses to ₹76.38 lakhs. Total assets contracted to ₹2,290.01 lakhs from ₹3,904.04 lakhs, primarily due to a decline in investments. The board approved the audited results on May 15, 2026, with an unmodified auditor opinion from VMSS & Associates.

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Bajaj Global Limited held its Board of Directors meeting on May 15, 2026, at its registered office in Nagpur, with the meeting commencing at 11:30 A.M. and concluding at 12:00 P.M. The board considered and approved the Audited Financial Results for the fourth quarter and financial year ended March 31, 2026, prepared in accordance with IND AS. The statutory auditors, VMSS & Associates, issued an unmodified opinion on the standalone financial results, and Director Akshay Ranka (DIN: 00235788) submitted the outcome to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Overview
Bajaj Global's financial results for FY26 reflect a significant reversal from the prior year, with the company reporting a net loss after tax of ₹414.52 lakhs compared to a net profit of ₹578.58 lakhs in FY25. Total income for FY26 grew to ₹72.49 lakhs from ₹48.21 lakhs in FY25, driven by higher revenue from operations. However, total expenses rose sharply to ₹76.38 lakhs from ₹26.31 lakhs in FY25, resulting in a pre-tax loss of ₹3.89 lakhs against a pre-tax profit of ₹21.90 lakhs in the previous year. A deferred tax charge of ₹403.41 lakhs in FY26 compared to a deferred tax credit of ₹561.06 lakhs in FY25 was a key driver of the swing in net profitability. The following table summarises the key income statement metrics (figures in ₹ Lakhs):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | 35.69 | 11.56 | 13.07 | 72.49 | 48.21 |
| Total Income: | 35.69 | 11.56 | 9.83 | 72.49 | 48.21 |
| Total Expenses: | 58.78 | 6.08 | 6.79 | 76.38 | 26.31 |
| Profit/(Loss) before Tax: | (23.09) | 5.48 | 3.04 | (3.89) | 21.90 |
| Net Profit/(Loss) after Tax: | (428.87) | 4.08 | 564.61 | (414.52) | 578.58 |
| Other Comprehensive Income (Net of Tax): | (639.93) | (180.48) | (419.76) | (1,199.50) | 1,253.85 |
| Total Comprehensive Income: | (1,068.80) | (176.40) | 144.85 | (1,614.02) | 1,832.43 |
| Basic & Diluted EPS (₹, not annualised): | (143.95) | (23.76) | 19.51 | (217.38) | 246.79 |
Balance Sheet Highlights
As at March 31, 2026, Bajaj Global's total assets stood at ₹2,290.01 lakhs, declining from ₹3,904.04 lakhs as at March 31, 2025. The contraction was primarily driven by a reduction in investments from ₹3,206.07 lakhs to ₹1,787.34 lakhs, reflecting the fair value impact on the investment portfolio. Cash and cash equivalents also declined to ₹256.06 lakhs from ₹361.88 lakhs. Total equity stood at ₹2,287.31 lakhs, down from ₹3,901.11 lakhs, with other equity reducing to ₹2,213.06 lakhs from ₹3,826.86 lakhs. The key balance sheet figures are presented below (figures in ₹ Lakhs):
| Parameter: | 31/03/2026 (Audited) | 31/03/2025 (Audited) |
|---|---|---|
| Cash and Cash Equivalents: | 256.06 | 361.88 |
| Loans: | 223.10 | 310.64 |
| Investments: | 1,787.34 | 3,206.07 |
| Total Financial Assets: | 2,266.50 | 3,878.59 |
| Total Assets: | 2,290.01 | 3,904.04 |
| Total Liabilities: | 2.70 | 2.93 |
| Equity Share Capital: | 74.25 | 74.25 |
| Other Equity: | 2,213.06 | 3,826.86 |
| Total Equity: | 2,287.31 | 3,901.11 |
Cash Flow Summary
The standalone cash flow statement for the year ended March 31, 2026, reflects net cash used in operating activities of ₹1,524.55 lakhs, a sharp reversal from net cash generated of ₹1,773.52 lakhs in FY25. The fair value impact of investments contributed ₹1,199.50 lakhs as a negative adjustment in operating activities. Net cash from investing activities stood at ₹1,418.73 lakhs, compared to a net outflow of ₹1,746.49 lakhs in FY25. There were no financing activities during the year. As a result, cash and cash equivalents declined by ₹105.82 lakhs during FY26, closing at ₹256.06 lakhs against an opening balance of ₹361.88 lakhs.
| Cash Flow Item: | FY26 (Audited) | FY25 (Audited) |
|---|---|---|
| Net Cash from Operating Activities: | (1,524.55) | 1,773.52 |
| Net Cash from Investing Activities: | 1,418.73 | (1,746.49) |
| Net Cash from Financing Activities: | - | - |
| Net Change in Cash & Cash Equivalents: | (105.82) | 27.03 |
| Closing Cash & Cash Equivalents: | 256.06 | 361.88 |
Regulatory Compliance and Trading Window
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on May 15, 2026, in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015. The results are prepared in accordance with Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013. The company noted that it is engaged primarily in the business of financing and accordingly there are no separate reportable segments as per Ind AS 108. In accordance with a prior communication dated March 27, 2026, and pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated and connected persons and their immediate relatives had been closed effective April 1, 2026, and will re-open 48 hours after the declaration of the financial results.
Historical Stock Returns for Bajaj Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How will Bajaj Global plan to recover its investment portfolio value, and what asset reallocation strategy might the company adopt to mitigate further fair value losses in FY27?
Given the ₹403.41 lakh deferred tax charge that drove the net loss, what underlying deferred tax assets may have been written down, and could this signal further impairments in future quarters?
With total assets declining nearly 41% year-on-year primarily due to investment erosion, how sustainable is Bajaj Global's financing business model if market conditions continue to deteriorate?
































