Bajaj Finserv Limited — quarter and financial year ended 31 March 2026
| Particulars | Quarter ended 31.03.2026 (Unaudited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| 1 Income | |||||
| Interest income | 41.33 | 54.05 | 57.58 | 190.42 | 226.02 |
| Dividend income | – | – | – | 1,788.45 | 2,001.58 |
| Rental income | 1.34 | 1.20 | 0.55 | 4.95 | 2.22 |
| Windpower income | 2.43 | 4.08 | 2.83 | 23.97 | 22.28 |
| Net gain on fair value changes | 1.63 | 3.29 | 3.68 | 8.44 | 9.58 |
| Total revenue from operations | 46.73 | 62.62 | 64.64 | 2,016.23 | 2,261.68 |
| Other income | 23.49 | 8.42 | 9.28 | 60.59 | 37.51 |
| Total income | 70.22 | 71.04 | 73.92 | 2,076.82 | 2,299.19 |
| 2 Expenses | |||||
| Employee benefits expenses | 52.82 | 49.32 | 33.53 | 203.12 | 158.08 |
| Depreciation, amortisation and impairment | 1.55 | 1.39 | 1.55 | 5.60 | 4.26 |
| Other expenses | 29.32 | 18.14 | 27.18 | 87.03 | 87.45 |
| Total expenses | 83.69 | 68.85 | 62.26 | 295.75 | 249.79 |
| 3 Profit before tax (1-2) | (13.47) | 2.19 | 11.66 | 1,781.07 | 2,049.40 |
| 4 Tax expense | |||||
| Current tax | (3.09) | 1.71 | 4.25 | 416.71 | 491.49 |
| Deferred tax | 0.78 | (0.14) | (0.16) | 0.01 | (0.96) |
| Tax credit pertaining to earlier year (See note 5) | (27.17) | – | – | (67.38) | – |
| Total tax expense | (29.48) | 1.57 | 4.09 | 349.34 | 490.53 |
| 5 Profit after tax (3-4) | 16.01 | 0.62 | 7.57 | 1,431.73 | 1,558.87 |
| 6 Other comprehensive income, net of tax | |||||
| (a) Items that will not be reclassified to profit or loss | (1.53) | (0.87) | (2.54) | (4.13) | (2.76) |
| (b) Items that will be reclassified to profit or loss | – | – | – | – | – |
| Total other comprehensive income, net of tax | (1.53) | (0.87) | (2.54) | (4.13) | (2.76) |
| 7 Total comprehensive income (5+6) | 14.48 | (0.25) | 5.03 | 1,427.60 | 1,556.11 |
| 8 Paid-up equity share capital (Face value of ₹ 1) | 159.87 | 159.71 | 159.60 | 159.87 | 159.60 |
| 9 Other equity | 10,021.53 | 8,212.29 | |||
| 10 Earnings per share (₹) (not annualised) | |||||
| Basic | 0.1 | 0.0 | 0.0 | 9.0 | 9.8 |
| Diluted | 0.1 | 0.0 | 0.0 | 8.9 | 9.7 |
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| A Assets | ||
| 1 Financial assets | ||
| Cash and cash equivalents | 7.31 | 18.04 |
| Bank balances other than cash and cash equivalents | 1.13 | 0.88 |
| Trade receivables | 0.75 | 1.17 |
| Investment in subsidiaries and joint venture (See note 6 and 7) | 7,261.33 | 5,743.89 |
| Other investments | 2,392.51 | 2,140.23 |
| Other financial assets | 35.03 | 60.44 |
| Sub-total – Financial assets | 9,698.06 | 7,964.65 |
| 2 Non-financial assets | ||
| Current tax assets (net) | 54.40 | 51.84 |
| Investment property | 4.72 | 4.85 |
| Property, plant and equipment | 121.92 | 121.90 |
| Capital work-in-progress | 12.86 | 4.58 |
| Other non-financial assets | 457.71 | 377.00 |
| Sub-total – Non-financial assets | 651.61 | 560.17 |
| Total – Assets | 10,349.67 | 8,524.82 |
| B Liabilities and equity | ||
| 1 Financial liabilities | ||
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | – | – |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 2.70 | 8.50 |
| Other financial liabilities | 69.22 | 63.43 |
| Sub-total – Financial liabilities | 71.92 | 71.93 |
| 2 Non-financial liabilities | ||
| Current tax liabilities (net) | 70.26 | 63.96 |
| Deferred tax liabilities (net) | 0.67 | 2.06 |
| Provisions | 18.26 | 13.34 |
| Other non-financial liabilities | 7.16 | 1.64 |
| Sub-total – Non-financial liabilities | 96.35 | 81.00 |
| 3 Equity | ||
| Equity share capital | 159.87 | 159.60 |
| Other equity | 10,021.53 | 8,212.29 |
| Sub-total – Equity | 10,181.40 | 8,371.89 |
| Total – Liabilities and Equity | 10,349.67 | 8,524.82 |
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| I. Operating activities | ||
| Profit before tax | 1,781.07 | 2,049.40 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation, amortisation and impairment | 5.60 | 4.26 |
| Share based payments to employees | 22.58 | 20.20 |
| Loss on sale of property, plant and equipment | 0.26 | 0.60 |
| Profit on sale of investments, net | (8.44) | (9.58) |
| Surplus on sale of property, plant and equipment | (0.06) | – |
| Interest on income tax refund | (25.84) | – |
| Amortisation of premium/discount on acquisition of debt securities | (87.21) | (101.46) |
| 1,687.96 | 1,963.42 | |
| Change in assets and liabilities | ||
| (Increase)/decrease in trade receivables | 0.42 | (0.38) |
| (Increase)/decrease in loans and other assets | (7.13) | (10.69) |
| (Increase)/decrease in other bank balances | (0.25) | (0.32) |
| Increase/(decrease) in liabilities and provisions | 4.65 | 22.70 |
| Reimbursement of share based payments | 207.68 | 190.58 |
| (Purchase) / sale of money market mutual funds, etc., net | 36.43 | 3.56 |
| Net cash flow from operating activities before income-tax | 1,929.76 | 2,168.87 |
| Income-tax refund for earlier years (net) | 100.48 | – |
| Income-tax paid | (420.22) | (445.07) |
| Net cash flow from operating activities | 1,610.02 | 1,723.80 |
| II. Investing activities | ||
| Purchase of property, plant and equipment | (63.63) | (387.68) |
| Sale proceeds of property, plant and equipment | 1.49 | 0.09 |
| Investment in subsidiaries | (1,517.44) | (1,572.34) |
| Sale of investments | 4,313.12 | 4,390.02 |
| Purchase of investments | (4,506.19) | (4,193.17) |
| (Investment in)/Realisation from treasury shares by ESOP trust | 51.97 | 40.40 |
| Net cash used in investing activities | (1,720.68) | (1,722.68) |
| III. Financing activities | ||
| Dividend paid | (159.53) | (159.35) |
| Issue of equity share capital (including securities premium) | 259.46 | 155.30 |
| Net cash used in financing activities | 99.93 | (4.05) |
| Net change in cash and cash equivalents | (10.73) | (2.93) |
| Cash and cash equivalents as at the beginning of the year | 18.04 | 20.97 |
| Cash and cash equivalents as at the end of the year | 7.31 | 18.04 |
| Particulars | Quarter ended 31.03.2026 (Unaudited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| 1. Segment revenue | |||||
| Insurance | |||||
| Gross written premium | |||||
| – Life insurance | 11,198.92 | 7,853.86 | 9,237.08 | 32,896.91 | 27,160.06 |
| – General insurance | 4,321.82 | 7,389.39 | 4,325.54 | 23,325.84 | 21,582.92 |
| – Total | 15,520.74 | 15,243.25 | 13,562.62 | 56,222.75 | 48,742.98 |
| Less: Premium for investment contracts of life insurance | 513.01 | 484.65 | 466.99 | 2,128.90 | 1,573.27 |
| Reserve for unexpired risk of general insurance | (917.21) | 1,605.14 | (1,009.28) | 1,282.13 | 614.21 |
| Total | 15,924.94 | 13,153.46 | 14,104.91 | 52,811.72 | 46,555.50 |
| Investment and other income (excluding accretions to unit linked holders) | 1,133.57 | 5,337.80 | 4,187.32 | 16,048.24 | 17,617.64 |
| Insurance total | 17,058.51 | 18,491.26 | 18,292.23 | 68,859.96 | 64,173.14 |
| Investments and others | 496.33 | 466.50 | 450.34 | 3,619.47 | 4,005.88 |
| Retail financing | 21,606.51 | 21,014.18 | 18,306.34 | 81,989.50 | 68,846.98 |
| Windmill | 2.43 | 4.08 | 2.83 | 23.97 | 22.28 |
| Total | 39,163.78 | 39,976.02 | 37,051.74 | 1,54,492.90 | 1,37,048.28 |
| Less: Inter-segment revenue | 655.64 | 468.36 | 617.71 | 3,962.52 | 4,103.96 |
| Total | 38,508.14 | 39,507.66 | 36,434.03 | 1,50,530.38 | 1,32,944.32 |
| 2. Segment profit before tax | |||||
| Insurance | |||||
| – Life insurance | (137.70) | 189.77 | 141.76 | 196.87 | 165.08 |
| – General insurance | 127.46 | 575.62 | 506.29 | 1,974.85 | 2,130.38 |
| Insurance total | (10.24) | 765.39 | 648.05 | 2,171.72 | 2,295.46 |
| Investments and others | (279.83) | (199.45) | (264.76) | (902.56) | (810.50) |
| Retail financing | 7,218.61 | 5,358.91 | 5,616.20 | 25,601.49 | 22,249.47 |
| Windmill | (0.44) | 1.43 | 2.83 | 12.50 | 13.78 |
| Total profit before tax | 6,928.10 | 5,926.28 | 6,002.32 | 26,883.15 | 23,748.21 |
| 3. Capital employed | |||||
| Segment assets | |||||
| Insurance | |||||
| – Life insurance |