Bajaj Finserv Limited (BFS) has reported a robust financial performance for the first quarter, with consolidated profit after tax (PAT) surging 30% year-on-year to ₹2,789.00 crore. The company's total revenue grew by 13% to reach ₹35,451.00 crore for the quarter ended June 30.

Key Financial Highlights

• Consolidated PAT: ₹2,789.00 crore (up 30% YoY)
• Total Revenue: ₹35,451.00 crore (up 13% YoY)
• Profit Before Tax (PBT): 21% growth YoY

Segment-wise Performance

Bajaj Allianz General Insurance Company (BAGIC)

BAGIC reported strong growth in core business lines such as commercial (fire, marine, engineering & liability), motor, and retail health, outpacing industry growth rates.

Bajaj Allianz Life Insurance Company (BALIC)

BALIC's focus on sustainable and profitable growth, backed by changes in product structures and cost rationalization, has yielded positive results.

Bajaj Finance Limited (BFL)

BFL continued its strong performance with robust growth in business volumes, AUM, and profitability.

Bajaj Housing Finance Limited (BHFL)

BHFL maintained healthy asset quality with Gross Non-Performing Assets (GNPA) at 0.30% and Net Non-Performing Assets (NNPA) at 0.13%.

Other Business Updates

• Bajaj Finserv Health Limited conducted 5.8 million health transactions in Q1, up from 2.05 million in the same period last year.
• Bajaj Markets added 4 new partners, bringing the total unique partner count to 100.
• Bajaj Finserv Asset Management ended the quarter with an Assets Under Management (AUM) of ₹25,011.00 crore, up 23% from the previous quarter and 107% year-on-year.

Allianz Stake Acquisition Update

Bajaj Finserv has received approvals from the Competition Commission of India and the Insurance Regulatory and Development Authority of India for acquiring Allianz SE's 26% stake in both BAGIC and BALIC. The initial tranche of a minimum 6.1% stake is to be completed within six months of IRDAI approval.

Ramandeep Singh Sahni, CFO of Bajaj Finserv, commented on the results, stating, "We are pleased with our strong start to the fiscal year, with robust growth across our key business segments. Our focus on sustainable and profitable growth, coupled with our diversified business model, continues to drive our performance."

As Bajaj Finserv continues to strengthen its position in the financial services sector, the company remains committed to delivering value to its shareholders while maintaining its focus on customer-centric innovations and digital transformation.

Bajaj Finserv Limited , a leading financial services conglomerate, has reported strong financial results for the first quarter of fiscal year 2026, with significant growth across its various business segments.

Key Financial Highlights

• Consolidated total income grew by 13% to ₹35,451.00 crore
• Consolidated profit after tax (PAT) surged by 30% to ₹2,789.00 crore, marking an all-time high quarterly PAT
• Bajaj Allianz General Insurance Company (BAGIC) reported 9% growth in Gross Written Premium (GWP) to ₹5,202.00 crore
• Bajaj Allianz Life Insurance Company (BALIC) showed 9% GWP growth to ₹5,479.00 crore
• Bajaj Finance recorded 21% growth in net total income to ₹12,610.00 crore

Insurance Business Performance

BAGIC Performance

BAGIC demonstrated resilience with a 9% increase in GWP to ₹5,202.00 crore. The company's PAT rose by 15% to ₹660.00 crore, with a robust Return on Equity (ROE) of 21.4%. The combined ratio stood at 103.6%, slightly improved from 103.7% in the same period last year.

BALIC Performance

BALIC witnessed significant improvements, with GWP growing 9% to ₹5,479.00 crore. The company's PAT surged by an impressive 76% to ₹171.00 crore. Notably, the Value of New Business (VNB) increased by 39% to ₹145.00 crore, indicating strong profitability in new policies.

Lending Business Highlights

Bajaj Finance, the group's lending arm, continued its strong performance with a 21% growth in net total income to ₹12,610.00 crore. The company's PAT increased by 22% to ₹4,765.00 crore.

Bajaj Housing Finance achieved a remarkable 24% growth in Assets Under Management (AUM), with PAT rising 21% to ₹583.00 crore.

Strategic Developments

Bajaj Finserv has received regulatory approvals to acquire Allianz's 26% stake in both BAGIC and BALIC. The initial 6.1% stake acquisition is required within 6 months, marking a significant step in strengthening the company's position in the insurance sector.

Other Business Highlights

• The Asset Management Company (AMC) business reached ₹25,011.00 crore in AUM, representing a substantial 107% year-on-year growth.
• Bajaj Finserv Health Limited conducted 5.8 million health transactions, a significant increase from 2.05 million in the same period last year.
• Bajaj Markets added 4 new partners, bringing the total unique partner count to 100.

Management Commentary

S. Sreenivasan, President of Insurance and Special Projects at Bajaj Finserv Limited, commented on the results: "Our Q1 FY26 performance demonstrates the strength and diversity of our business model. The record PAT achievement and robust growth across segments reflect our strategic focus on sustainable and profitable growth."

Tapan Singhel, MD and CEO of BAGIC, added: "We continue to maintain a balanced approach to growth and profitability, focusing on preferred business segments while maintaining prudent underwriting practices."

Tarun Chugh, MD and CEO of BALIC, stated: "The significant improvement in our VNB and margins is a result of our strategic shift towards more profitable product mix and cost optimization initiatives."

As Bajaj Finserv continues to strengthen its position across various financial services segments, the company remains well-positioned for sustained growth in the coming quarters.