Bajaj Finserv reports 11% consolidated revenue growth for Q2 FY2026, driven by strong subsidiary performance
Bajaj Finserv reported an 11% increase in consolidated revenue for Q2 FY2026, reaching ₹37,403 crore, and an 8% PAT growth, driven by strong performance across its key financial services subsidiaries.
This announcement provides comprehensive quarterly and half-yearly financial results for a major diversified financial services group. The consistent growth across key businesses and positive outlook are highly significant for investor perception and the company's market valuation.
The company reported strong consolidated revenue and PAT growth, along with significant AUM and PAT growth across major subsidiaries like Bajaj Finance, Bajaj General, and Bajaj Housing Finance. Despite a lower PAT for Bajaj Life due to a GST impact and revenue degrowth for Bajaj Marketplace, the overall financial performance and strategic updates are positive.
* Bajaj Finserv Limited (BFS) released its investor presentation for the quarter and half year ended 30 September 2025 (Q2 and H1 FY2026). * Consolidated Performance (Q2 FY2026): Total Revenue grew by 11% to ₹37,403 crore from ₹33,704 crore in Q2 FY2025. Profit after tax (PAT) increased by 8% to ₹2,244 crore from ₹2,087 crore. Excluding mark-to-market (MTM) gain/loss and including realized equity gains, PAT growth was 12%. Consolidated Net Worth stood at ₹76,490 crore, up 12% year-on-year. * Consolidated Performance (H1 FY2026): Total Revenue grew by 12% to ₹72,854 crore from ₹65,184 crore in H1 FY2025. PAT increased by 19% to ₹5,033 crore from ₹4,225 crore. * Bajaj Finance (Consolidated): Achieved a 24% year-on-year AUM growth to ₹462,261 crore and a 22% PAT growth to ₹4,876 crore in Q2 FY2026. The company booked 1.22 crore new loans and added 0.41 crore new customers. Credit quality remained healthy with GNPA at 1.24% and NNPA at 0.60%. * Bajaj General Insurance: Gross Written Premium (GWP) grew by 9.2% to ₹6,413 crore in Q2 FY2026. Excluding the 1/n impact from accounting regulation changes, GWP growth was 13.6%. Profit after tax increased by approximately 5% to ₹517 crore. The Solvency Margin remained strong at 339% against a regulatory norm of 150%. The company has been rebranded as Bajaj General Insurance Limited. * Bajaj Life Insurance: Value of New Business (VNB) grew by 50% to ₹367 crore in Q2 FY2026, with the New Business Margin (NBM) expanding to 17.1%. Profit after tax was ₹13 crore, impacted by a GST adjustment of ₹112 crore. Solvency remained healthy at 346%. The company has been rebranded as Bajaj Life Insurance Limited. * Bajaj Housing Finance: Reported a 24% AUM growth to ₹126,749 crore and an 18% PAT growth to ₹643 crore in Q2 FY2026. Asset quality was strong with GNPA at 0.26% and NNPA at 0.12%. * Other Businesses: Bajaj Health's consolidated revenue grew by 22% to ₹285 crore. Bajaj AMC's AUM increased by 77% year-on-year to ₹28,814 crore. Bajaj Broking saw a 40% AUM growth to ₹7,597 crore and a 27% PAT growth to ₹47 crore. Bajaj Marketplace and Tech's revenue decreased by 47% to ₹83 crore due to new system migration. * Allianz SPA Update: Approvals for the acquisition of Allianz SE's 26% equity stake in both insurance companies have been received from CCI and IRDAI. Name changes for both insurance companies were effected in October 2025. The first tranche of payment is expected in the next few months, with the entire acquisition timeline ending by 16 October 2026. * Bajaj Alternate Investments: A new company incorporated in Q2 FY2026 to venture into alternate investments, currently in the process of obtaining SEBI approvals.
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Bajaj Finserv Limited filed this with the NSE as a statutory disclosure, categorised under investor presentation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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