Bajaj Finserv Limited – Investor Presentation Summary

Key Operational Highlights

  • Group customer franchise reached 18 crore+ customers across all businesses as of 30 June 2026
  • Distribution network expanded to 580,000+ strong distribution network across 4,050+ locations in India
  • Bajaj Finance added 51 lakh new customers in Q1 FY2027, with total customer franchise reaching 12.4 crore
  • Bajaj Finserv Health processed approximately 6 million healthcare transactions during the quarter
  • Bajaj Financial Securities retail and HNI customer franchise stood at 14.9 lakh as of 30 June 2026, up 41.1% YoY
  • Bajaj AMC SIP book grew to ₹189 crore in June 2026 from ₹114 crore in June 2025, reflecting 66% growth

Segment-wise Performance

Bajaj General Insurance Limited:

  • Gross Written Premium: ₹5,789 crore (11.3% YoY growth)
  • GWP excluding Crop & Govt. health: ₹5,632 crore (10.3% YoY growth)
  • Combined Ratio: 104.7% (103.6% in Q1 FY2026)
  • Profit after Tax: ₹478 crore (27.5% decline YoY)
  • Solvency Ratio: 254% (regulatory requirement 150%)

Bajaj Life Insurance Limited:

  • Gross Written Premium: ₹7,399 crore (35.1% YoY growth)
  • Retail Protection New Business: ₹176 crore (60.0% YoY growth)
  • Group Protection New Business: ₹1,366 crore (95.1% YoY growth)
  • Renewal Premium: ₹3,721 crore (17.7% YoY growth)
  • Value of New Business: ₹271 crore (86.6% YoY growth)
  • New Business Margin: 15.9% (11.1% in Q1 FY2026)
  • Profit after Tax: ₹51 crore (70.2% decline YoY)
  • Assets under Management: ₹143,744 crore (9.7% YoY growth)

Bajaj Finance Limited (Consolidated):

  • Net Total Income: ₹15,224 crore (22.2% YoY growth)
  • Profit after Tax: ₹5,986 crore (27.4% YoY growth)
  • Annualized Return on Assets: 4.7% (4.5% in Q1 FY2026)
  • Annualized Return on Equity: 20.4% (19.0% in Q1 FY2026)
  • Gross NPA: 0.96% (1.03% in Q1 FY2026)
  • Net NPA: 0.39% (0.50% in Q1 FY2026)
  • Disbursed 1.61 crore new loans in Q1 FY2027 (20% YoY growth)

Bajaj Housing Finance Limited:

  • Assets under Management: ₹149,624 crore (24.3% YoY growth)
  • Net Total Income: ₹1,175 crore (16.5% YoY growth)
  • Profit after Tax: ₹715 crore (22.6% YoY growth)
  • Annualized Return on Assets: 2.3% (stable YoY)
  • Annualized Return on Equity: 12.5% (11.6% in Q1 FY2026)
  • Gross NPA: 0.29% (0.30% in Q1 FY2026)
  • Net NPA: 0.12% (0.13% in Q1 FY2026)
  • Disbursements: ₹19,509 crore (33.2% YoY growth)

Emerging Businesses:

  • Bajaj Finserv Health: Total Income ₹230 crore, PAT (₹44) crore
  • Bajaj Finserv Direct: Total Income ₹111 crore, PAT (₹37) crore
  • Bajaj AMC: Total Income ₹25 crore, PAT (₹41) crore
  • Bajaj Financial Securities: Net Total Income ₹141 crore (17% YoY growth), PAT ₹50 crore (22% YoY growth)

Financial Highlights

Consolidated Performance:

  • Total Revenue: ₹42,037 crore (19.1% YoY growth from ₹35,300 crore)
  • Profit after Tax (Consolidated): ₹6,297 crore (18.2% YoY growth from ₹5,329 crore)
  • Profit after Tax (Attributable to owners): ₹3,132 crore (12.3% YoY growth from ₹2,789 crore)
  • Net Worth (Standalone): ₹11,586 crore (28.8% YoY growth from ₹8,996 crore)
  • Net Worth (Consolidated): ₹82,862 crore (10.1% YoY growth from ₹75,250 crore)
  • Surplus Funds (Standalone): ₹3,321 crore (27.5% YoY growth from ₹2,604 crore)

Margins and Profitability:

  • PAT includes unrealized mark-to-market gain on equity investments: ₹88 crore for Bajaj Life and ₹94 crore for Bajaj General
  • Realized equity gain routed through OCI: ₹61 crore for Bajaj General and ₹1 crore for Bajaj Life
  • Growth in PAT (attributable to owners), excluding MTM gain/loss and including realized equity gains booked under OCI: 5%

Geographical Revenue Split

Not Specified

Balance Sheet Snapshot

Capital Adequacy:

  • Bajaj Finance Capital Adequacy: 20.90% as of 30 June 2026, Tier-1 capital at 20.01%
  • Bajaj General Solvency Ratio: 254% (regulatory requirement 150%)
  • Bajaj Life Solvency Ratio: 285% (regulatory requirement 150%)

Group Capital Position:

  • Excess capital available across group companies: ₹43,425 crore as of 30 June 2026
  • Net capital generated since 01 April 2021: ₹9,118 crore

Capex & Cash Flow Health

Capital Infusion in Emerging Businesses (as of 30 June 2026):

  • Bajaj Finserv Health: ₹1,390 crore (₹50 crore infused during Q1 FY2027)
  • Bajaj Finserv Direct: ₹809 crore (no infusion during Q1 FY2027)
  • Bajaj AMC: ₹850 crore (₹75 crore infused during Q1 FY2027)

Investment Rationale: Focus on technology upgrades, digital transformation, and capacity expansion across all businesses

Strategic & R&D Initiatives

Enterprise AI Adoption:

  • Dedicated 400+ member AI team across the group
  • Voice and Text AI: Enables human-like voice and text conversations
  • Vision AI: Data extraction from images and documents
  • Content AI: On-demand content creation
  • Tech AI: Accelerated software development and testing
  • Business Intelligence AI: Intelligent, conversational enterprise analytics
  • Agentic AI: Autonomous, intelligent agents that reason, plan, adapt and collaborate
  • Data AI: Scalable data intelligence platform transforming unstructured data into structured form

Realized Impact for Q1 FY2027:

  • Loan disbursements: ₹2,500+ crore driven by AI
  • Insurance Revenue: ₹60+ crore generated through AI initiatives

Industry Trends & Business Environment

Market Opportunity:

  • Indian Healthcare Expenditure at ₹7.4 lakh crore, 3.73% of GDP
  • Over ₹19,314 billion total addressable market internationally for healthcare products and outsourced services
  • India's retail mutual fund penetration set to grow over 4x—from 4% in 2026 to 15% by 2047

Digital Transformation Trends:

  • Rapid digitization across financial services sector
  • Ayushman Bharat Digital Mission driving healthcare digitization
  • UPI transactions growth demonstrating digital payment adoption

Management Commentary & Growth Outlook

Strategic Outlook:

  • Vision: "Lifecycle Partner to every Indian to achieve financial goals"
  • Focus on creating constant value across customer lifecycle, building sustainable businesses, and deepening financial inclusion
  • Strategy: Broadening offerings, deep complementary partnerships, prospecting new initiatives, differentiation, digitization, continuous benchmarking, customer obsession, efficient risk & capital management

Growth Targets:

  • Bajaj Finance long-term targets: Sustainable ROA of 4.3%-4.7% and ROE of 19%-21%
  • Bajaj General estimated ROE (annualized @200% solvency) for FY2027: ~17.3%
  • Continued focus on market share growth in chosen business segments across all companies

ESG Commitments:

  • Group endeavors to be carbon neutral on scope 1 & 2 emissions by FY2032
  • Through Bajaj Beyond, Bajaj Group companies committed ₹5,000 crore over five years towards social impact programs
  • Target: Impacting 2 crore individuals through social programs

Key Risks

  • Market competition and pricing pressure in insurance segments
  • Regulatory changes affecting business operations
  • Economic conditions impacting consumer demand for financial products
  • Technology adoption and cybersecurity risks
  • Investment market volatility affecting insurance company profitability