Bajaj Finserv Share Price Live Updates: Bajaj Finserv Price and Performance Review
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Business Standard
2 days ago
- Business Standard
Bajaj Finserv Q1 PAT jumps 27% YoY to Rs 5,329 cr
Bajaj Finserv reported consolidated net profit jumped 26.60% to Rs 5,329.17 crore on 12.61% increase in total income to Rs 35,451.34 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) jumped 20.69% to Rs 7,203.64 crore in Q1 FY26 as compared with Rs 5,968.41 crore in Q1 FY25. Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 51.39% holding in Bajaj Finance (BFL) and in the life, general and health insurance businesses through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). BFL holds 88.70% stake in Bajaj Housing Finance (BHFL). Bajaj Finance (BFL) recorded 20% increase in consolidated net profit to Rs 4,699 crore in Q1 FY26 as against Rs 3,912 crore in Q1 FY25. Loan losses and provisions stood to Rs 2,120 crore in the Q1 FY26, up 25.81% YoY. Net total income for the June 2025 quarter rose 21% to Rs 12,610 crore from Rs 10,418 crore posted in corresponding quarter previous quarter. Gross Non-Performing Assets (NPA) and Net NPA as on 30 June 2025 stood at 1.03% and 0.50% respectively as against 0.86% and 0.38% as on 30 June 2024. Provisioning coverage ratio on stage 3 assets was 52%. Assets Under Management (AUM) stood at Rs 4,41,450 crore as of 30 June 2025, compared to Rs 3,54,192 crore as of 30 June 2024, reflecting a 25% year-on-year growth. The capital adequacy ratio (CRAR), including Tier-II capital, stood at 21.96% as of 30 June 2025, with the Tier-I capital at 21.19%. During the quarter, BFL successfully completed a share subdivision on 16 June 2025, reducing the face value of its equity shares from Rs 2 to Rs 1 per fully paid share. Following this, on 17 June 2025, the company issued 4 fully paid bonus equity shares for every 1 fully paid equity share held. Bajaj Allianz General Insurance Company Limited (BAGIC) stated that, effective 1 October 2024, and as mandated by IRDAI, gross premiums on long-term products are now recognized on a 1/n basis (where 'n' represents the contract duration), applied prospectively. As a result, Q1 FY26 figures are not comparable with those of prior periods. BAGICs gross written premium for Q1 FY26 increased by 9% to Rs 5,202 crore, compared to Rs 4,761 crore in Q1 FY25. Excluding the impact of the change in premium recognition methodology (1/n basis), and excluding tender-driven crop and government health insurance premiums, the gross written premium rose by 15% to Rs 5,358 crore, up from Rs 4,664 crore in Q1 FY25outpacing industry growth. The claim ratio improved to 71.1% in Q1 FY26, compared to 77.1% in Q1 FY25, driven by better claims experience. Profit after tax for Q1 FY26 stood at Rs 660 crore, compared to Rs 576 crore in Q1 FY25, marking a 15% year-on-year increase. As of 30 June 2025, the solvency ratio stood at 334%, significantly higher than the minimum regulatory requirement of 150%. Assets under management (AUM), represented by cash and investments, stood at Rs 35,199 crore as of 30 June 2025, compared to Rs 31,651 crore as of 30 June 2024, reflecting an 11% year-on-year increase. Bajaj Allianz Life Insurance Company Limited (BALIC) new business premium for Q1 FY26 stood at Rs 2,316 crore, compared to Rs 2,541 crore in Q1 FY25. Renewal premium for Q1 FY26 rose to Rs 3,162 crore, compared to Rs 2,477 crore in Q1 FY25, registering a 28% year-on-year growth. Shareholders' profit after tax surged 76% year-on-year to Rs 171 crore in Q1 FY26, up from Rs 97 crore in Q1 FY25. The Net Value of New Business (VNB)a key metric for measuring the profitability of the life insurance businessstood at Rs 145 crore in Q1 FY26, up from Rs 104 crore in Q1 FY25, reflecting a 39% increase. This growth was primarily driven by product restructuring, a favourable product mix, and cost rationalisation. Assets Under Management (AUM), represented by total investments, stood at Rs 1,31,052 crore as on 30 June 2025, compared to Rs 1,16,966 crore as on 30 June 2024, marking a 12% year-on-year increase. On 17 March 2025, Bajaj Finserv (BFS), along with its promoter and promoter group entities, signed Share Purchase Agreements (SPAs) to acquire Allianz SEs 26% equity stake in Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz Life Insurance (BALIC). The acquisition, subject to regulatory approvals, will be executed in tranches by 16 October 2026, with an initial tranche of at least 6.1%. Upon completion of this first tranche, the existing joint venture agreements with Allianz SE will be terminated. Approvals have already been received from the Competition Commission of India (CCI) and the Insurance Regulatory and Development Authority of India (IRDAI). Name change approvals are currently in process. Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions. Shares of Bajaj Finserv tanked 3.48% to Rs 1,961.30 on the BSE.
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Business Standard
2 days ago
- Business Standard
Bajaj Finserv Q1 results: Consolidated net profit rises 30% to Rs 2,789 cr
Bajaj Finserv Ltd has reported a 30 per cent year-on-year (Y-o-Y) growth in its consolidated profit, reaching Rs 2,789 crore for the first quarter of the financial year 2025-26 (Q1FY26). It had posted a net profit of Rs 2,138 crore in Q1FY25. The company, a listed holding entity for the Bajaj group's finance and insurance businesses, reported a 13 per cent YoY rise in its consolidated total at Rs 35,451 crore in the quarter, up from Rs 31,480 crore in the year-ago period, the company said in a filing with BSE. Interest income rose to Rs 18,889 crore in Q1FY26, up from Rs 15,521 crore in the same quarter a year ago. Premium and other operating income from the insurance business grew to Rs 12,804 crore in Q1FY26, from Rs 12,296 crore in Q1FY25. Fees and commission income rose marginally to Rs 1,649 crore in Q1FY26 from Rs 1,553 crore in Q1FY25. While its finance cost rose to Rs 6,807 crore from Rs 5,592 crore, the claims paid declined to Rs 5,638 crore in Q1FY26 from Rs 6,103 crore in Q1FY25. Fees and commission expenses rose to Rs 2,384 crore in Q1FY26 from Rs 1,829 crore in the year-ago period. The impairment expenses of financial instruments for lending increased to Rs 2,120 crore in Q1FY26 from Rs 1,684 crore in Q1FY25.
New Indian Express
2 days ago
- New Indian Express
Indian indices fall sharply on Friday ending a volatile week
CHENNAI: Indian stock markets ended sharply lower on Friday, July 25, capping a weak week for investors amid broad-based selling across sectors. Heavy losses in Bajaj Finance and Bajaj Finserv, along with declines in other index heavyweights like Power Grid, Tech Mahindra, and Infosys, dragged the benchmarks down. At close, the BSE Sensex was down 721 points, or 0.88 per cent, at 81,463.09. The NSE Nifty 50 declined 225 points, or 0.90 per cent, to settle at 24,837. Sun Pharma was the sole gainer in the Sensex basket. The decline was primarily driven by weakness in financial stocks. Bajaj Finance and Bajaj Finserv were among the biggest losers, falling between 4.5 per cent and 6 per cent, following investor concerns over their Q1 earnings commentary, particularly on asset quality. Infosys also dropped sharply by over 2 per cent, weighing on the IT sector. Foreign institutional investors remained net sellers through the week, putting additional pressure on markets. Global cues were also unsupportive, with concerns over upcoming US tariffs and global central bank decisions adding to investor caution. The recently signed UK–India Free Trade Agreement failed to lift sentiment, as the market awaited more clarity on its near-term benefits. Sectorally, all major indices ended in the red. Auto, metals, PSU banks, and financial services sectors fell between 1.3 per cent and 2 per cent. Mid-cap and small-cap indices were hit harder, with weekly losses of around 1.6 per cent and 2.1 per cent respectively. For the week, both Sensex and Nifty logged their fourth consecutive weekly decline, the longest losing streak in 2025. The Sensex was down around 0.5 per cent for the week, while the Nifty fell by 0.4 per cent. The consistent drop reflects profit-booking and a cautious stance by investors amid a lack of immediate positive triggers. Rupee In the currency market, the Indian rupee weakened to a one-month low. It fell to as low as 86.5775 per dollar before settling at around 86.51. The decline was attributed to equity market weakness and unwinding of short-term rupee-long positions. Analysts anticipate more pressure in the coming week depending on US economic data, Federal Reserve and Bank of Japan policy updates, and trade-related developments. Investor sentiment remains subdued, with concerns over earnings quality, foreign fund outflows, and macroeconomic uncertainty continuing to weigh on the market. The focus in the coming week will be on global policy signals and domestic earnings, which are expected to guide the near-term direction of the markets.
