Bajaj Holdings & Investments has reported a robust financial performance for the first half of fiscal year 2026, with consolidated profit after tax soaring to ₹5,046.00 crore, marking a significant 66% increase from ₹3,047.00 crore in H1 FY25. This substantial growth was primarily driven by a ₹1,522.00 crore profit from the sale of Bajaj Finserv shares and strong performances across its automobile and financial services businesses.

Financial Highlights

Key Developments

1. Interim Dividend: Bajaj Holdings & Investments declared and paid an interim dividend of ₹65.00 per equity share (650%), amounting to ₹723.00 crore.

2. Strategic Divestment: The company sold 1.04 crore equity shares of its associate company, Bajaj Finserv Ltd (BFS), through a block deal. This move was aimed at part-funding the acquisition of equity stakes in two insurance companies.

3. Acquisition Progress: Bajaj Holdings & Investments is in the process of acquiring up to 19.95% equity stake in Bajaj Allianz General Insurance Company Ltd. and Bajaj Allianz Life Insurance Company Ltd. from Allianz SE. The necessary approvals have been received, and the acquisition is expected to conclude in the coming months.

Performance of Key Associates

Bajaj Auto Ltd. (BAL)

• Recorded a 10% increase in volumes to 2,405,357 units
• Turnover grew by 9% to ₹28,306.00 crore
• EBITDA rose by 15% to ₹5,534.00 crore
• Profit after tax increased to ₹4,576.00 crore

Bajaj Finserv Ltd. (BFS)

• Consolidated total income grew by 12% to ₹72,854.00 crore
• Profit after tax increased by 19% to ₹5,033.00 crore

Standalone Performance

Bajaj Holdings & Investments' standalone financials also showed significant improvement:

Investment Portfolio

As of September 30, 2025, Bajaj Holdings & Investments' investment portfolio stood at:

The company continues to realign its investment portfolio in accordance with the RBI's CIC guidelines.

Chairman Shekhar Bajaj expressed optimism about the recent GST reforms, stating that they should provide tailwinds for growth in the automobile and financial service businesses in the coming quarters and years.

As Bajaj Holdings & Investments progresses with its strategic initiatives and portfolio management, investors will be keenly watching the completion of the insurance company stake acquisitions and their impact on the company's future performance.

Bajaj Holdings & Investments Limited (BHIL) has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth in both standalone and consolidated profits. The company's performance was bolstered by strong contributions from its associate companies and gains from strategic investments.

Consolidated Performance

BHIL's consolidated profit after tax for Q2 FY26 rose to ₹1,559.00 crore, compared to ₹1,436.00 crore in the same quarter of the previous fiscal year, marking an 8.60% increase. This growth was primarily driven by the strong performance of its associate companies and investment gains.

Standalone Results

On a standalone basis, BHIL reported an impressive profit after tax of ₹2,181.00 crore for Q2 FY26, more than doubling from ₹1,051.00 crore in Q2 FY25. The company's total income surged to ₹2,514.00 crore, up from ₹1,143.00 crore in the corresponding quarter of the previous year.

Key Financial Highlights

• Dividend income stood at ₹2,205.00 crore, significantly higher than the ₹1,010.00 crore received in Q2 FY25.
• Net gain on fair value changes increased to ₹144.00 crore from ₹12.00 crore in the same quarter last year.
• Interest income grew to ₹147.00 crore from ₹102.00 crore year-over-year.

Associate Companies' Performance

The company's associate, Bajaj Auto Limited, reported a 53% increase in consolidated profit after tax, reaching ₹2,122.00 crore in Q2 FY26. Bajaj Auto's standalone operations achieved an impressive EBITDA margin of 20.50%.

Another associate, Bajaj Finserv Limited, saw its consolidated profit after tax rise by 8% to ₹2,244.00 crore. Adjusting for mark-to-market movements on equity investments in its insurance subsidiaries, the profit increase was 12%.

Strategic Moves and Dividend

During the first half of FY26, BHIL sold 1.04 crore equity shares of Bajaj Finserv Limited through a block deal, generating a net profit of ₹1,983.00 crore. This move was part of the company's strategy to partially fund its stake in two insurance companies.

The Board of Directors declared an interim dividend of ₹65.00 per equity share (650%), amounting to ₹723.00 crore, which was paid on October 14, 2025.

Investment Portfolio

As of September 30, 2025, BHIL's investment portfolio showed robust growth:

The Net Asset Value (NAV) of these investments stood at ₹21,244.00 per share, compared to a book value of ₹2,045.00 per share.

Future Outlook

BHIL is in the process of realigning its investment portfolio in accordance with RBI's Core Investment Company (CIC) guidelines. The company's Board has approved filing an application to re-categorize BHIL as an Unregistered Core Investment Company.

Additionally, BHIL plans to acquire up to 19.95% equity stake in Bajaj General Insurance Limited and Bajaj Life Insurance Limited, as part of a larger acquisition by Bajaj Finserv Limited from Allianz SE. This strategic move is expected to strengthen BHIL's position in the insurance sector.

With its strong financial performance and strategic investments, Bajaj Holdings & Investment Limited continues to demonstrate its robust business model and ability to generate value for its shareholders in the dynamic financial landscape.