Bajaj Finserv Reports Q1 FY27 Results: Consolidated Total Income Up 19% to ₹42,037 Crore, Net Profit Climbs to ₹6,297 Crore

Diversified financial services conglomerate Bajaj Finserv Limited (BFS) announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company recorded double-digit top-line and bottom-line growth, backed by robust operational execution across its core lending and insurance arms.

Consolidated Performance Overview

Bajaj Finserv delivered Consolidated Total Income of ₹42,037 crore for Q1 FY27, marking a 19% year-on-year increase over ₹35,300 crore logged in Q1 FY26. Total revenue from operations stood at ₹42,036.90 crore, driven by strong growth in retail financing interest income and premium earnings from the insurance vertical.

Consolidated Profit After Tax (PAT) rose 18% YoY to ₹6,297 crore compared to ₹5,329 crore in Q1 FY26. Net profit attributable to owners of the company expanded 12% YoY to ₹3,132 crore, up from ₹2,789 crore recorded in the corresponding period of the previous fiscal year.

Adjusting for unrealised mark-to-market (MTM) gains on investments held at FVTPL of ₹(182) crore and realised gains booked under OCI of ₹62 crore, the adjusted consolidated net profit attributable to owners grew 5% YoY to ₹3,012 crore compared to ₹2,866 crore in Q1 FY26.

Standalone Performance

On a standalone basis, Bajaj Finserv registered Total Income of ₹1,541.90 crore in Q1 FY27, up substantially from ₹454.28 crore in Q1 FY26 and ₹70.22 crore in Q4 FY26. The performance was anchored by dividend income of ₹1,488.27 crore received during the quarter.

Profit Before Tax (PBT): Rose to ₹1,425.51 crore, compared to ₹389.12 crore in Q1 FY26.

Profit After Tax (PAT): Reached ₹1,117.60 crore, representing a sharp rise from ₹329.92 crore in Q1 FY26 and ₹16.01 crore in Q4 FY26.

Earnings Per Share (EPS): Standalone Basic EPS for the quarter reached ₹6.99 (Diluted EPS of ₹6.95), compared to ₹2.07 in Q1 FY26.

Performance of Material Subsidiaries

1. Bajaj Finance Limited (BFL) - Consolidated (Ind AS)

Bajaj Finance continued to serve as the primary engine for group growth during the quarter:

Net Total Income: Expanded 22% YoY to ₹15,224 crore (vs. ₹12,459 crore in Q1 FY26).

Consolidated PAT: Surged 28% YoY to ₹6,081 crore (vs. ₹4,765 crore in Q1 FY26).

Mortgage Arm (BHFL): Bajaj Housing Finance Limited posted a 23% YoY increase in PAT to ₹715 crore (vs. ₹583 crore in Q1 FY26).

Assets Under Management (AUM): Reached ₹5,46,944 crore as on June 30, 2026, registering a 24% YoY growth. This includes ₹1,49,624 crore from BHFL.

Asset Quality: Gross NPA improved to 0.96% (vs. 1.03% in Q1 FY26) and Net NPA stood at 0.39% (vs. 0.50% in Q1 FY26) with a provision coverage ratio of 60%.

Capital Adequacy: CRAR remained strong at 20.90% (Tier-I capital at 20.01%).

2. Bajaj General Insurance Limited (Indian GAAP)

Gross Written Premium (GWP): Grew 11% YoY to ₹5,789 crore (vs. ₹5,202 crore in Q1 FY26). Excluding tender-driven crop and government health businesses, GWP grew 10% to ₹5,632 crore.

Profit After Tax: Stood at ₹478 crore compared to ₹660 crore in Q1 FY26, impacted by lower profit on sale of investments (down by ₹250 crore pre-tax) and pricing pressure in the fire segment.

Combined Ratio: Stood at 104.7% (vs. 103.6% in Q1 FY26).

Solvency Ratio: Stood strong at 254% against the regulatory requirement of 150%, post a dividend payout of ₹1,925 crore during the quarter.

AUM: Cash and investments under management stood at ₹34,898 crore as of June 30, 2026.

3. Bajaj Life Insurance Limited (Indian GAAP)

Value of New Business (VNB): Surged 87% YoY to ₹271 crore (vs. ₹145 crore in Q1 FY26), reflecting stronger new business profitability.

New Business Premium (NBP): Climbed 59% YoY to ₹3,678 crore (vs. ₹2,316 crore in Q1 FY26).

Retail Weighted Received Premium (RWRP) grew 17% to ₹1,474 crore.

Group Protection grew 95% to ₹1,366 crore.

Group Fund business surged 159% to ₹510 crore.

Gross Written Premium: Rose 35% YoY to ₹7,399 crore (vs. ₹5,478 crore in Q1 FY26).

Profit After Tax: Stood at ₹51 crore (vs. ₹171 crore in Q1 FY26).

Solvency & AUM: Solvency ratio reached 285%, while AUM grew 10% YoY to ₹1,43,744 crore.

Segment-Wise Revenue & Operating Profit Breakdown

Insurance Segment: Total segment revenue stood at ₹19,208.10 crore (up 19.94% YoY from ₹16,015.26 crore). Segment Profit Before Tax came in at ₹1,109.43 crore (comprising ₹459.95 crore from Life Insurance and ₹649.48 crore from General Insurance).

Retail Financing Segment: Total segment revenue expanded to ₹23,166.41 crore (up 19.56% YoY from ₹19,376.42 crore). Segment Profit Before Tax grew to ₹8,114.93 crore (up 25.09% YoY from ₹6,486.93 crore).

Investments & Others: Recorded revenue of ₹1,923.67 crore with a segment loss before tax of ₹(295.33) crore.

Windmill Segment: Generated revenue of ₹6.21 crore and segment profit before tax of ₹3.16 crore.

Emerging Businesses Expansion

Bajaj Finserv continues to focus on incubating digital and alternate asset ventures:

Bajaj Asset Management: Average Assets Under Management (AUM) reached ₹33,027 crore during the quarter, with closing AUM at ₹31,444 crore as of June 30, 2026.

Bajaj Alternate Investment Management: The wholly owned subsidiary obtained regulatory approvals for PMS, a real estate fund, and a private equity fund to expand into alternate asset classes.

Emerging Ventures: Combined planned losses for emerging business units (including Bajaj Finserv Health, Bajaj Finserv Direct, Asset Management, and Alternate Investments) stood at ₹130 crore for the quarter.

Source : Equity Bulls

Keywords

BajajFinserv Q1FY27 Q1FY2027 ResultUpdate