Bajaj Holdings & Investment Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, following a Board meeting held on 7 May 2026. The company reported an all-time high standalone profit after tax of Rs 4,707.80 crore for the full year, a significant increase compared to Rs 1,291.83 crore in the prior year. On a consolidated basis, profit after tax for the year reached Rs 9,636.75 crore, up from Rs 6,520.67 crore in the previous year. The annual results include an exceptional item arising from the profit on the sale of equity shares of Bajaj Finserv Limited. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and received unmodified audit opinions.

Key Financial Performance

The following table summarises the key standalone and consolidated financial figures for the year and quarter ended 31 March 2026:

Excluding the profit on sale of equity shares of Bajaj Finserv Limited (net of tax), standalone profit after tax stood at Rs 2,866 crore versus Rs 1,292 crore in the prior year, and consolidated profit after tax stood at Rs 8,256 crore versus Rs 6,521 crore.

Consolidated Performance Highlights

The consolidated results reflect strong contributions from associate companies. The summary of consolidated financials is presented below:

Bajaj Auto (consolidated) profit after tax increased by 47% to Rs 10,744 crore in FY26 versus Rs 7,325 crore in FY25, driven by strong standalone performance and fair value gain on acquisition of KTM AG. In Q4 FY26, Bajaj Auto (consolidated) profit after tax more than doubled to Rs 3,662 crore versus Rs 1,802 crore in Q4 FY25, with Bajaj Auto (standalone) registering an EBITDA margin of 20.8% in Q4 FY26. Bajaj Finserv (consolidated) profit after tax increased by 10% to Rs 9,801 crore in FY26 versus Rs 8,872 crore in FY25. Maharashtra Scooters Limited profit after tax increased to Rs 311 crore in FY26 versus Rs 214 crore in FY25. The Group's share of profits of associates for the full year stood at Rs 7,605.77 crore.

Dividend Declaration

The Board of Directors has recommended a final dividend of Rs 130 (1300%) per equity share of face value Rs 10 for the financial year ended 31 March 2026. This includes a special payout of Rs 50 (500%) in celebration of 100 years of the Bajaj Group. An interim dividend of Rs 65 per equity share (650%) was declared on 16 September 2025 and paid on 14 October 2025, bringing the total dividend for the year to 1950% compared to the previous year's 930%. The total dividend amount is Rs 2,170 crore versus Rs 1,035 crore in the previous year. The record date has been fixed as Tuesday, 30 June 2026, and the final dividend is expected to be credited on or before 5 August 2026, subject to shareholder approval.

Investment Portfolio

The cost and market value of the standalone investment portfolio as at 31 March 2026 is detailed below:

As against a book value of Rs 2,454 per share, the net asset value (NAV) of the above investments was Rs 19,388 per share as on 31 March 2026.

Significant FY26 Developments

On 6 June 2025, Bajaj Holdings & Investment sold 1,04,00,000 equity shares of its associate company Bajaj Finserv Limited through a block deal for an aggregate consideration of Rs 2,002.21 crore. Net proceeds received were Rs 1,995.41 crore and, net of relevant book costs and transaction costs, the profit on the standalone basis was Rs 1,982.99 crore, disclosed as an exceptional item. Bajaj Finserv Limited continues to be an associate of the company.

On 8 January 2026, Bajaj Finserv Limited, along with its Promoter Group entities, completed the acquisition of the 23% equity stake held by Allianz SE in Bajaj General Insurance Limited (formerly Bajaj Allianz General Insurance Company Limited) and Bajaj Life Insurance Limited (formerly Bajaj Allianz Life Insurance Company Limited). Consequent to this transaction, Bajaj Holdings & Investment, as a Promoter Group entity, acquired a 17.56% equity stake in each of the two insurance companies for an aggregate amount of Rs 16,333.30 crore. Subsequently, on 12 March 2026, following the completion of a buyback offer by Allianz SE of its remaining 3% stake in each insurance company, the equity stake of the company in each insurance company increased from 17.56% to 18.10%.

Additionally, Bajaj Auto Limited, as an associate company, supported the financial restructuring of KTM AG and subsequently acquired a controlling stake of 74.90% in KTM AG, gaining global brands including KTM, Husqvarna, and GASGAS motorcycles.

The company also filed an application on 12 November 2025 to re-categorise itself into an Unregistered Core Investment Company (CIC), which is currently under review by the Reserve Bank of India. As a result of realigning its investment portfolio, realised profit on sale of equity investments (other than group) aggregated to Rs 2,076.92 crore for the year ended 31 March 2026 and Rs 3,777.15 crore for the year ended 31 March 2025.

Board Appointments & AGM

The Board approved the re-appointment of Dr. Arindam Bhattacharya as a Non-executive Independent Director for a second term of five consecutive years, effective from 17 September 2026 to 16 September 2031, subject to shareholder approval by special resolution at the ensuing Annual General Meeting. Dr. Bhattacharya has more than 30 years of expertise in consulting for the industrial sector and retired as the Managing Director and Senior Partner of the Boston Consulting Group (BCG), India. The 81st Annual General Meeting of the company is scheduled to be held on Friday, 31 July 2026.

Bajaj Holdings & Investments has strengthened its position in Bajaj Finserv through a strategic stake acquisition worth ₹370.53 crores. The transaction involved purchasing an additional 0.13% stake in the financial services company, bringing the total ownership to 38.41%.

Transaction Details

The acquisition represents a substantial investment by the holding company in expanding its stake in Bajaj Finserv. The financial commitment of ₹370.53 crores for a relatively small percentage increase indicates the high valuation of Bajaj Finserv shares in the current market.

Strategic Implications

This acquisition demonstrates Bajaj Holdings & Investments' continued confidence in Bajaj Finserv's business model and growth prospects. By increasing its ownership stake, the holding company further consolidates its position in the financial services sector through its subsidiary.

The transaction reflects the ongoing strategic alignment between the two entities within the Bajaj group structure. The increased ownership percentage strengthens Bajaj Holdings' influence and participation in Bajaj Finserv's future performance and strategic decisions.

Investment Significance

The substantial investment of ₹370.53 crores for a 0.13% stake acquisition highlights the premium valuation of Bajaj Finserv in the current market environment. This pricing suggests strong market confidence in the financial services company's operational performance and future growth potential.