Board Meeting Details

The Board of Directors meeting was held on 3 November 2026, commencing at 10:30 a.m. IST and concluding at 12:40 p.m. IST. The meeting approved the unaudited standalone and consolidated financial results prepared under Indian Accounting Standards (Ind AS).

Standalone Financial Results (₹ in Crore)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹2,047.15 (Q2 FY27) vs ₹1,481.28 (Q2 FY26)
  • Profit Before Tax: ₹1,922.13 (Q2 FY27) vs ₹1,425.51 (Q2 FY26)
  • Profit After Tax: ₹1,458.53 (Q2 FY27) vs ₹1,085.18 (Q2 FY26)
  • Basic EPS: ₹9.11 (Q2 FY27) vs ₹6.79 (Q2 FY26)
  • Diluted EPS: ₹9.06 (Q2 FY27) vs ₹6.73 (Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹3,589.05 (H1 FY27) vs ₹2,905.75 (H1 FY26)
  • Profit Before Tax: ₹3,347.64 (H1 FY27) vs ₹1,792.35 (H1 FY26)
  • Profit After Tax: ₹2,576.13 (H1 FY27) vs ₹1,415.10 (H1 FY26)
  • Basic EPS: ₹16.09 (H1 FY27) vs ₹8.86 (H1 FY26)
  • Diluted EPS: ₹15.99 (H1 FY27) vs ₹8.78 (H1 FY26)

Tax Matters

  • Tax credit of ₹20.14 crore pertaining to earlier year due to deduction available under section 80M of Income Tax Act 1961
  • Total tax expense: ₹377.25 crore (H1 FY27)

Share Capital

  • Paid-up equity share capital: ₹159.87 crore (face value ₹1)
  • Other equity: ₹12,741.78 crore as at 30 September 2026

Consolidated Financial Results (₹ in Crore)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹43,415.65 (Q2 FY27) vs ₹37,214.56 (Q2 FY26) - 17% growth
  • Profit After Tax: ₹5,952.01 (Q2 FY27) vs ₹4,746.47 (Q2 FY26) - 25% growth
  • PAT attributable to owners: ₹2,757.66 (Q2 FY27) vs ₹2,244.10 (Q2 FY26) - 23% growth
  • Basic EPS: ₹17.22 (Q2 FY27) vs ₹14.05 (Q2 FY26)
  • Diluted EPS: ₹17.12 (Q2 FY27) vs ₹13.92 (Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹85,452.55 (H1 FY27) vs ₹72,514.58 (H1 FY26) - 18% growth
  • Profit After Tax: ₹12,248.68 (H1 FY27) vs ₹10,075.64 (H1 FY26) - 22% growth
  • PAT attributable to owners: ₹5,890.01 (H1 FY27) vs ₹5,033.15 (H1 FY26) - 17% growth
  • Basic EPS: ₹36.79 (H1 FY27) vs ₹31.51 (H1 FY26)
  • Diluted EPS: ₹36.57 (H1 FY27) vs ₹31.22 (H1 FY26)

Segment Performance (Q2 FY27)

  • Insurance Total: ₹19,292.46 crore revenue
  • Investments and Others: ₹2,393.54 crore revenue
  • Retail Financing: ₹24,575.83 crore revenue
  • Windmill: ₹10.68 crore revenue

Subsidiary Performance Highlights

Bajaj Finance Limited (Consolidated)

  • Q2 FY27 PAT: ₹6,367 crore, up 29% YoY
  • Assets Under Management: ₹584,624 crore, up 26% YoY
  • Gross NPA: 1.06%, Net NPA: 0.42%
  • Capital Adequacy Ratio (CRAR): 20.33%

Bajaj Housing Finance Limited (Standalone)

  • Q2 FY27 PAT: ₹757 crore, up 18% YoY
  • AUM: ₹158,205 crore, up 25% YoY

Bajaj General Insurance Limited

  • Gross Written Premium: ₹7,056 crore, up 10% YoY
  • Q2 FY27 PAT: ₹420 crore
  • Solvency Ratio: 229%

Bajaj Life Insurance Limited

  • Gross Written Premium: ₹10,276 crore, up 23% YoY
  • Value of New Business: ₹512 crore, up 40% YoY
  • Solvency Ratio: 255%

Corporate Actions

ESOP Allotment

On 6 August 2026, the Allotment Committee allotted 1,511,358 equity shares of face value ₹1 each to Bajaj Finserv ESOP Trust. The shares were listed on BSE and NSE with effect from 12 August 2026.

Proposed Investment in Bajaj Finance

The Company has expressed intent to subscribe to Preferential Issue of Bajaj Finance Ltd. up to ₹5,800 crore, subject to finalization of terms and necessary regulatory/statutory approvals.

Bajaj Finance Board has approved raising capital through:

  • Qualified Institutions Placement (QIP) for up to ₹11,700 crore
  • Preferential Issue of warrants to Bajaj Finserv Ltd. for up to ₹5,800 crore

New Business Initiatives

  • Bajaj Alternate Investment Management Limited commenced PMS business during the quarter
  • Real Estate Fund (Category II AIF) announced initial closing in October 2026
  • Bajaj Reinsurance Limited incorporated in October 2026 (seeking regulatory approvals)
  • Bajaj Life commenced operations within Gift City in October 2026

Auditor Review

The financial results were reviewed by the Audit Committee and approved by the Board. The limited review reports from statutory auditors KKC & Associates LLP contained unmodified opinions (free from qualifications).

The results are available on the company website (www.aboutbajajfinserv.com/about-us) and stock exchange websites (BSE and NSE).