Bajaj Finance Limited — Quarter ended 31 March 2026 (and year ended 31 March 2026)
Bajaj Finance Limited — Statement of unaudited/audited Standalone financial results for the Quarter and Financial year ended 31 March 2026 — Standalone Statement of Profit and Loss (₹ in crore)
| Particulars | Quarter ended 31.03.2026 (Unaudited) | 31.12.2025 (Unaudited) | 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| 1 Income | |||||
| (a) Revenue from operations | |||||
| – Interest income | 16,203.13 | 15,694.74 | 13,824.05 | 61,357.11 | 51,548.57 |
| – Fees and commission income | 2,101.59 | 1,848.19 | 1,445.74 | 7,318.78 | 5,640.87 |
| – Net gain on fair value changes | (8.11) | 112.66 | 82.83 | 336.93 | 344.00 |
| – Sale of services | 2.80 | 2.77 | (12.17) | 10.62 | 18.11 |
| – Income on derecognised (assigned) loans | 10.21 | 88.64 | 145.94 | 364.02 | 459.02 |
| – Other operating income | 120.50 | 122.70 | 152.08 | 463.33 | 513.00 |
| Total revenue from operations | 18,430.12 | 17,869.70 | 15,638.47 | 69,850.79 | 58,523.57 |
| (b) Other income | 0.52 | 0.40 | 11.44 | 3.16 | 40.10 |
| Total income | 18,430.64 | 17,870.10 | 15,649.91 | 69,853.95 | 58,563.67 |
| 2 Expenses | |||||
| (a) Finance costs | 5,487.30 | 5,464.19 | 4,913.12 | 21,416.98 | 18,436.31 |
| (b) Fees and commission expense | 1,041.98 | 1,006.68 | 729.02 | 3,649.97 | 2,599.79 |
| (c) Impairment on financial instruments | 1,952.73 | 3,370.73 | 2,141.73 | 9,289.84 | 7,026.69 |
| (d) Employee benefits expense | 2,292.95 | 2,071.38 | 1,783.53 | 8,285.80 | 6,907.28 |
| (e) Depreciation and amortisation expenses | 237.95 | 226.89 | 235.99 | 942.19 | 821.98 |
| (f) Other expenses | 933.39 | 958.60 | 941.65 | 3,763.65 | 3,639.64 |
| Total expenses | 11,946.30 | 13,098.47 | 10,745.04 | 47,348.43 | 39,431.69 |
| 3 Profit before exceptional items and tax (1-2) | 6,484.34 | 4,771.63 | 4,904.87 | 22,505.52 | 19,131.98 |
| 4 Exceptional items (refer note no. 9) | |||||
| (a) Gain on sale of shares of subsidiary | – | 1,416.38 | – | 1,416.38 | 2,544.11 |
| (b) Charge of New Labour Codes | – | (250.00) | – | (250.00) | – |
| Total of exceptional items | 1,166.38 | – | 1,166.38 | 2,544.11 | |
| 5 Profit before tax (3+4) | 6,484.34 | 5,938.01 | 4,904.87 | 23,671.90 | 21,676.09 |
| 6 Tax expense | |||||
| (a) Current tax | |||||
| – Current year | 1,530.00 | 1,709.00 | 1,107.70 | 6,230.00 | 5,353.50 |
| – Earlier years | – | – | (224.27) | – | (249.47) |
| (b) Deferred tax (credit)/charge | 114.84 | (351.51) | 81.00 | (361.97) | (89.44) |
| Total tax expense | 1,644.84 | 1,357.49 | 964.43 | 5,868.03 | 5,014.59 |
| 7 Profit after tax (5-6) | 4,839.50 | 4,580.52 | 3,940.44 | 17,803.87 | 16,661.50 |
| 8 Other comprehensive income | |||||
| (a) Items that will not be reclassified to profit or loss | |||||
| – Remeasurement gains/(losses) on defined benefit plans | 69.44 | 22.38 | 5.87 | 35.32 | (22.35) |
| – Tax impact on above | (17.48) | (5.63) | (1.48) | (8.89) | 5.63 |
| – Changes in fair value of fair value through OCI (FVOCI) equity instruments | (24.89) | 2.92 | (154.62) | (20.72) | (95.49) |
| – Tax impact on above | 3.55 | (0.42) | 22.11 | 2.95 | 25.22 |
| (b) Items that will be reclassified to profit or loss | |||||
| – Changes in fair value of FVOCI debt securities | (295.04) | (1.46) | 50.90 | (380.12) | 122.73 |
| – Tax impact on above | 74.26 | 0.37 | (12.81) | 95.68 | (30.90) |
| – Cash flow hedge reserve | 277.03 | 14.12 | (146.18) | 286.30 | (117.14) |
| – Tax impact on above | (69.73) | (3.55) | 36.79 | (72.06) | 29.48 |
| – Cost of hedging reserve | 7.82 | (2.95) | 5.99 | 14.84 | 5.99 |
| – Tax impact on above | 1.74 | 3.46 | (1.44) | 7.72 | (1.44) |
| Total other comprehensive income, net of tax | 26.70 | 29.24 | (194.87) | (38.98) | (78.27) |
| 9 Total comprehensive income (7+8) | 4,866.20 | 4,609.76 | 3,745.57 | 17,764.89 | 16,583.23 |
Bajaj Finance Limited — Notes: 1. Disclosure of standalone statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 (₹ in crore)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| A. Assets | ||
| 1. Financial assets | ||
| (a) Cash and cash equivalents | 1,633.88 | 3,374.41 |
| (b) Bank balances other than cash and cash equivalents | 11,471.94 | 9,080.98 |
| (c) Derivative financial instruments | 2,385.16 | 201.97 |
| (d) Trade receivables | 1,575.76 | 1,416.39 |
| (e) Loans | 367,225.96 | 304,359.16 |
| (f) Investments | 38,074.37 | 41,716.23 |
| (g) Other financial assets | 4,172.73 | 2,426.92 |
| Sub-total – Financial assets | 426,539.80 | 362,576.06 |
| 2. Non-financial assets | ||
| (a) Current tax assets (net) | 202.08 | 404.57 |
| (b) Deferred tax assets (net) | 1,430.44 | 1,044.14 |
| (c) Property, plant and equipment | 2,680.61 | 2,531.51 |
| (d) Capital work-in-progress | 61.83 | 26.74 |
| (e) Intangible assets under development | 57.43 | 12.46 |
| (f) Intangible assets | 1,043.69 | 1,043.14 |
| (g) Other non-financial assets | 187.43 | 230.94 |
| Sub-total – Non-financial assets | 5,663.51 | 5,293.50 |
| Total – Assets | 432,203.31 | 367,869.56 |
| B. Liabilities and equity | ||
| Liabilities | ||
| 1. Financial liabilities | ||
| (a) Derivative financial instruments | – | 25.53 |
| (b) Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 0.91 | 1.27 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,280.50 | 1,119.84 |
| (c) Other payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 0.33 | 0.42 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 994.95 | 806.19 |
| (d) Debt securities | 133,527.08 | 111,010.88 |
| (e) Borrowings (other than debt securities) | 118,000.45 | 89,737.66 |
| (f) Deposits | 68,485.55 | 71,365.52 |
| (g) Subordinated liabilities | 2,805.31 | 3,103.54 |
| (h) Other financial liabilities | 2,496.50 | 1,690.64 |
| Sub-total – Financial liabilities | 327,591.58 | 278,861.49 |
| 2. Non-financial liabilities | ||
| (a) Current tax liabilities (net) | 175.54 | 54.97 |
| (b) Provisions | 673.26 | 464.27 |
| (c) Other non-financial liabilities | 640.59 | 493.12 |
| Sub-total – Non-financial liabilities | 1,489.39 | 1,012.36 |
| 3. Equity | ||
| (a) Equity share capital | 621.79 | 124.17 |
| (b) Other equity | 102,500.55 | 87,871.54 |
| Sub-total – Equity | 103,122.34 | 87,995.71 |
| Total – Liabilities and equity | 432,203.31 | 367,869.56 |
Bajaj Finance Limited — Notes: 2. Disclosure of standalone statement of cash flows (₹ in crore)
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| A. Operating activities | ||
| Profit before tax | 23,671.90 | 21,676.09 |
| Adjustments for: | ||
| Interest income | (61,357.11) | (51,548.57) |
| Depreciation and amortisation expenses | 942.19 | 821.98 |
| Impairment on financial instruments (Gross of recoveries) | 10,076.03 | 7,882.86 |
| Net loss on disposal of property, plant and equipment and intangible assets | 17.16 | 32.86 |
| Finance costs | 21,416.98 | 18,436.31 |
| Share based payment expenses | 394.32 | 353.99 |
| Net gain on fair value changes | (336.93) | (344.00) |
| Service fees for management of assigned portfolio of loans | (10.62) | (18.11) |
| Income on derecognised (assigned) loans | (364.02) | (459.02) |
| Exceptional items – Gain on sale of shares of subsidiary | (1,416.38) | (2,544.11) |
| Dividend income | (4.50) | (10.96) |
| Cash inflow from interest on loans | 59,564.64 | 49,069.13 |
| Cash inflow from interest on investments | 2,642.81 | 2,071.14 |
| Cash inflow from servicing of assigned loans | 25.13 | 33.85 |
| Cash outflow towards finance cost | (19,238.05) | (16,614.78) |
| Cash generated from operation before working capital changes | 36,023.55 | 28,838.66 |
| Working capital changes: | ||
| (Increase) / decrease in bank balances other than cash and cash equivalents | (2,595.90) | (3,288.21) |
| (Increase) / decrease in trade receivables | (195.46) | (180.96) |
| (Increase) / decrease in loans | (75,582.46) | (69,587.98) |
| (Increase) / decrease in investments classified as FVTPL | 5,065.58 | (1,701.86) |
| (Increase) / decrease in other financial assets | 676.30 | 8.37 |
| (Increase) / decrease in other non-financial assets | 52.05 | (111.24) |
| Increase / (decrease) in trade payables | 160.30 | 119.72 |
| Increase / (decrease) in other payables | 188.67 | 136.05 |
| Increase / (decrease) in other financial liabilities | 684.74 | (33.24) |
| Increase / (decrease) in provisions | 225.55 | 56.69 |
| Increase / (decrease) in other non-financial liabilities | 147.47 | 30.20 |
| (71,173.16) | (74,552.46) | |
| Income tax paid (net of refunds) | (5,704.17) | (4,918.83) |
| Net cash used in operating activities (A) | (40,853.78) | (50,632.63) |
| B. Investing activities | ||
| Purchase of property, plant and equipment and capital work-in-progress | (515.71) | (551.21) |
| Purchase of intangible assets and intangible assets under development | (382.26) | (478.61) |
| Sale of property, plant and equipment and intangible assets | 59.06 | 30.79 |
| Purchase of investments measured at amortised cost | (15,756.03) | (11,191.62) |
| Proceeds from liquidation of investments measured at amortised cost | 15,862.63 | 11,353.97 |
| Purchase of investments measured under fair value through other comprehensive income (FVOCI) | (41,067.86) | (30,735.22) |
| Proceeds from liquidation of investments classified as FVOCI | 39,834.74 | 29,745.96 |
| Purchase of equity investments designated under FVOCI | (64.72) | (35.00) |
| Proceeds from sale of equity investments designated under FVOCI | 99.15 | |
| Dividend received | 4.50 | 10.96 |
| Proceeds from dilution of stake in subsidiary (net of expenses and tax) | 1,380.22 | 2,587.85 |
| Investment in subsidiaries | (600.00) | (2,200.00) |
| Net cash used in investing activities (B) | (1,146.28) | (1,462.13) |
| C. Financing activities | ||
| Issue of equity share capital (including securities premium |