Bajaj Holdings & Investments reported a consolidated net profit of ₹2,706 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 28% increase from ₹2,106 crore in Q1FY26 when excluding the exceptional profit from the previous year's share sale. The holding company's standalone profit after tax rose 77% year-on-year to ₹344 crore, driven by significant dividend receipts and fair value gains. The results reflect strong performance from its associates, Bajaj Auto Limited and Bajaj Finserv Limited, which contributed ₹2,359 crore towards the group's bottom line.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on July 31, 2026. Joint statutory auditors P G Bhagwat LLP and Khandelwal Jain & Co conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410 and Regulation 33 of the SEBI Listing Regulations. The company operates as an unregistered Core Investment Company (CIC), with its application for re-categorisation currently under review by the Reserve Bank of India.

Financial Performance Highlights

Consolidated total income stood at ₹419 crore in Q1FY27, compared to ₹338 crore in Q1FY26. This growth was primarily fueled by a surge in dividend income to ₹348 crore from ₹23 crore in the corresponding period last year. Interest income declined to ₹33 crore from ₹182 crore, while net gains on fair value changes dropped significantly to ₹6 crore from ₹115 crore. Total expenses remained controlled at ₹64 crore, slightly up from ₹49 crore in Q1FY26.

Note: Consolidated PAT for Q1FY26 included an exceptional item of ₹1,522 crore from the sale of Bajaj Finserv shares. Standalone PAT for Q1FY26 included an exceptional item of ₹1,983 crore.

Associate Contributions

The share of profits from associates increased to ₹2,359 crore from ₹1,893 crore in Q1FY26. Bajaj Auto Limited reported a consolidated profit after tax of ₹3,226 crore, a 46% increase from ₹2,210 crore in Q1FY26, with an excellent EBITDA margin of 20.9%. Bajaj Finserv Limited's consolidated profit after tax rose 12% to ₹3,132 crore from ₹2,789 crore. When adjusted for mark-to-market movements on equity investments from insurance subsidiaries, BFS profit grew by 5%.

What the Numbers Show

The divergence between headline profit growth and operational metrics highlights the impact of one-time events in the prior year. While consolidated PAT appears down 22% year-on-year, this is misleading due to the ₹1,522 crore exceptional gain in Q1FY26 from the partial divestment of Bajaj Finserv shares. Excluding this non-recurring item, core profitability expanded by 28%, indicating robust underlying performance across the Bajaj Group ecosystem. Furthermore, the standalone business, which relies heavily on dividends and investment income, saw its core profit more than double, underscoring the cash-generating strength of its portfolio companies.

Investment Portfolio Value

As of June 30, 2026, the market value of the company's strategic equity investments in group companies stood at ₹230,009 crore against a cost of ₹19,841 crore. The net asset value (NAV) per share was ₹21,062, significantly higher than the book value of ₹2,425 per share. Total investments, including debt securities and properties, had a market value of ₹234,401 crore.

Bajaj Holdings & Investment Ltd has scheduled its 81st Annual General Meeting for Friday, 31 July 2026, at 4:00 p.m. IST via video conferencing. The meeting will consider the adoption of audited standalone and consolidated financial statements for the financial year ended 31 March 2026. The company has published advertisements in the Financial Express and Kesari newspapers regarding the meeting, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors has recommended a final dividend of ₹130 per equity share of face value of ₹10 each for the financial year ended 31 March 2026. This payout includes a special dividend of ₹50 per share to celebrate 100 years of the Bajaj Group. If approved, the dividend will be credited on or before Wednesday, 5 August 2026. Pursuant to recent amendments to SEBI regulations, the company will pay dividends only through electronic mode, and physical dividend warrants will no longer be issued.

The agenda includes the re-appointment of Shekhar Bajaj, who retires by rotation, and the re-appointment of Dr. Arindam Kumar Bhattacharya as an independent director for a second term of five years effective 17 September 2026. Shareholders will also vote on a special resolution to approve commission payments to non-executive directors for five years starting 1 April 2026.

Key AGM Details

Financial Highlights

The company reported a standalone profit of ₹4,707.80 crore for FY2026, compared to ₹1,291.83 crore in the previous year. Consolidated profit rose to ₹9,636.75 crore from ₹6,520.67 crore in the same period.