Bajaj Finserv Limited (BFS), a leading financial services conglomerate, reported a consolidated profit after tax of ₹2,244 crore for the second quarter, marking an 8% increase from ₹2,087 crore in the same period last year. The company's total consolidated income rose by 11% to ₹37,403 crore, up from ₹33,704 crore in Q2 of the previous fiscal year.

Key Financial Highlights

• Bajaj Finance, the group's lending arm, saw a 22% rise in consolidated profit after tax, reaching ₹4,876 crore.
• Bajaj General Insurance Limited reported a 5% increase in profit after tax, totaling ₹517 crore.
• Bajaj Life Insurance Limited achieved a significant 50% growth in net value of new business (VNB), amounting to ₹367 crore.

Insurance Business Performance

Bajaj General Insurance

Bajaj General Insurance recorded a 9% growth in gross written premium, reaching ₹6,413 crore. However, this growth figure comes with a caveat due to changes in accounting regulations for long-term products. Excluding these changes and certain tender-driven segments, the business growth was more robust at 18%.

Key metrics for Bajaj General Insurance:

Bajaj Life Insurance

Bajaj Life Insurance showed mixed results with strong growth in some areas but challenges in others:

The decrease in shareholders' profit after tax was primarily due to the loss of GST input tax credit.

Emerging Businesses

BFS continues to invest in its emerging businesses, including Bajaj Finserv Health, Bajaj Finserv Direct, and Bajaj Finserv Asset Management. These ventures reported a combined loss of ₹141 crore for the quarter, which the company states is in line with expectations.

Notably, Bajaj Finserv Asset Management recorded Assets Under Management (AUM) of ₹28,814 crore as of September 30.

Strategic Developments

During the quarter, BFS established Bajaj Alternate Investment Management Limited, a wholly-owned subsidiary focused on alternate investments through early-stage equity and real estate-focused AIFs. This move broadens the group's strategy into new asset classes, with regulatory approvals pending to commence operations.

Conclusion

Bajaj Finserv's quarterly results demonstrate resilience in its core financing business and significant growth in the life insurance segment's new business value. However, the general insurance arm faces some pressure on underwriting profitability. The company's continued investment in emerging businesses and new ventures like alternate investments indicates a forward-looking approach to diversifying its financial services portfolio.

As BFS navigates the evolving financial landscape, its multi-faceted business model appears to be providing a balanced performance, with strong growth in some sectors offsetting challenges in others.

Bajaj Finserv Limited has announced a conference call for analysts and institutional investors to discuss its financial results for the quarter and half year ended September 30, 2025. The call, organized by JM Financial Institutional Securities Limited, is scheduled for Tuesday, November 11, 2025, at 5:00 p.m. IST.

Key Participants

The conference call will feature a lineup of key executives from Bajaj Finserv and its subsidiaries:

Call Details

For those interested in participating, the conference call details are as follows:

Participants are advised to dial in 10 minutes prior to the scheduled start time to ensure timely connection.

Investor Relations

For further information or queries regarding the conference call, investors can contact:

• Mr. Ajit Kumar: +91-22-66303489, ajit.k@jmfl.com
• Mr. Raghvesh: +91-22-66303099, raghvesh@jmfl.com
• Mr. Arun Nalkara: +91-22-39533640, arun.nalkara@jmfl.com

This earnings call provides an opportunity for analysts and institutional investors to gain insights into Bajaj Finserv's financial performance and engage with the company's top management. As always, participants should be aware that forward-looking statements may be made during the call, which are subject to risks and uncertainties that could cause actual results to differ from those projected.

Bajaj Finserv continues to demonstrate its commitment to transparency and open communication with its investors through such initiatives, allowing for a comprehensive understanding of the company's financial position and future strategies.