Latest news with #BajajFinserv
Business Standard
7 hours ago
- Business
- 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.
New Indian Express
8 hours ago
- Business
- 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.
The Print
10 hours ago
- Business
- The Print
Grab the Latest iPhone 15 on Easy EMIs without a Credit Card
Yet, you are not alone in this feeling. Millions of Indians face the same dilemma when new gadgets arrive – the desire to own the latest technology clashes with budget constraints. Most people think they need a credit card to buy expensive items like the iPhone 15 on EMI . But what if we told you there is a smarter way? The stunning iPhone 15 on display catches your eye while browsing an electronics store for an upgrade. The camera looks perfect, the design is premium, and you can already imagine taking amazing photographs. However, when you check the price tag, reality hits hard. Rs. 69,900 for the base model feels like a mountain to climb, so you move on to find a device that will not jeopardise your financial stability. No credit card, no problem. Your dream device is now within reach without compromising your monthly budget or financial stability, thanks to the Bajaj Finserv Insta EMI Card. You do not need to wait anymore to own the iPhone 15. Thanks to innovative easy EMI card options from Bajaj Finserv, you can now convert that hefty price into small monthly payments. The Bajaj Finserv Insta EMI Card has changed how Indians shop for high-end products: no credit card required, no long waits, and no hidden charges. Why people want the iPhone 15 but hesitate to buy it upfront The iPhone 15 has everything modern smartphone users crave. Its 48-megapixel camera captures professional-quality photos that make your memories look stunning. The A16 Bionic chip delivers lightning-fast performance for gaming, streaming, and multitasking. The sleek design with an aluminium build and colour-infused glass back feels premium in your hands. Apple has packed features like Dynamic Island, USB-C connectivity, and improved battery life into this device. These upgrades make the iPhone 15 your personal assistant, entertainment hub, and creative tool all rolled into one. However, the starting price of Rs. 69,900 creates a significant barrier for most buyers. Many consumers earn good salaries but cannot spare such a large amount from their monthly budget. The upfront cost represents nearly two months of income for an average Indian professional. Traditional payment methods force buyers to choose between financial stress and their tech dreams. Credit cards often come with high interest rates and complex approval processes. Many potential buyers either do not qualify for credit cards or prefer to avoid them entirely. The smart way to buy the iPhone 15 on EMI without a credit card Buying your iPhone 15 on EMI with the Bajaj Finserv Insta EMI Card is the perfect solution. This innovative payment method transforms that overwhelming Rs. 69,900 into manageable monthly instalments spread over 3 to 60 months based on your comfort level. Instead of paying the full amount upfront, you would just have to pay a little over Rs. 2,500 per month across 30 months. This approach fits comfortably into most monthly budgets without causing financial strain, making the EMI card a bridge between desire and purchasing power. The best part? This payment method requires no credit card whatsoever. The Bajaj Finserv Insta EMI Card works independently of traditional credit systems. You get instant approval based on simple eligibility criteria and minimal documentation requirements, such as: Criteria Details Nationality Indian Age 21 – 65 years CIBIL Score Good per Bajaj Finserv risk policies Income Regular Documentation PAN card, Aadhaar card, address proof, and bank account details The process eliminates hidden charges and surprise fees that often come with credit card purchases. With this transparency, you know exactly what you will pay each month from day one and can plan your finances to avoid unpleasant surprises. What is the Bajaj Finserv Insta EMI Card, and what are its benefits The Bajaj Finserv Insta EMI Card is a pre-approved digital payment solution designed for modern Indian consumers. It converts expensive purchases into affordable monthly payments and comes with a pre-qualified limit of up to Rs. 3 lakh based on your profile. This limit can be used for multiple purchases across different categories and timeframes. You do not need to apply separately for each purchase. Once approved, you can use the card whenever you want to buy something expensive. The flexibility extends to repayment tenures ranging from 3 to 60 months. One of the biggest advantages is the nil foreclosure charges policy. If you receive a bonus or extra income, you can prepay your EMIs without any penalties. This feature gives you complete control over your repayment schedule. The acceptance network spans over 1.5 lakh partner stores across more than 4,000 cities in India. Additionally, all major e-commerce platforms accept the card for online purchases. This widespread acceptance means you can use your easy EMI card almost anywhere you shop. Benefit Description Impact on iPhone 15 purchase Pre-qualified card loan limit Up to Rs. 3 lakh credit limit Covers iPhone 15 and accessories easily Flexible tenures 3 to 60 months repayment options Choose comfortable monthly payments Zero foreclosure charges No penalty for early repayment Pay off faster when you have extra money No credit card needed Independent payment solution Perfect for non-credit card users Instant approval Quick digital verification Get your card same day Minimal documentation Simple KYC process No lengthy paperwork Wide acceptance 1.5 lakh+ stores and all major online platforms Use anywhere iPhone 15 is sold These benefits make buying the iPhone 15 on EMI stress-free and financially sensible. They also transform how you approach high-value purchases and improve your overall shopping experience, making the Insta EMI Card a preferred choice for smart shoppers. How to use your Insta EMI Card to buy the iPhone 15 Online purchase steps Visit your preferred e-commerce website or app. Add the iPhone 15 model you want to your shopping cart. Proceed to checkout and select the EMI payment option. Enter your Insta EMI Card details in the payment section. Choose your preferred EMI tenure. Complete the purchase with an OTP and receive instant confirmation. Offline purchase steps Visit any Bajaj Finserv partner mobile store near you Select the iPhone 15 model of your choice. Share your Insta EMI Card details with the store representative at the billing counter during checkout. Choose a suitable EMI tenure that fits your monthly budget. Complete the purchase with an OTP and take your new iPhone home immediately. How to apply for the Insta EMI Card Getting your Insta EMI Card process is a simple process that takes barely a few minutes online: Visit the official Bajaj Finserv website and navigate to the Insta EMI Card page. Enter your mobile phone number and complete OTP verification. Fill in the application form to know your pre-qualified card loan limit. Pay the one-time joining fee of Rs. 530. Complete the e-mandate registration for automatic EMI deduction. Receive instant digital card activation for immediate use. Prefer to apply offline? Visit any Bajaj Finserv partner store near you with the required documents for manual verification and processing by a store representative. Once approved, you can immediately start shopping for your iPhone 15 on EMI without any delays. Big ticket purchases are more accessible than ever thanks to the Bajaj Finserv Insta EMI Card. Its versatility extends beyond iPhone 15 on EMI purchase, and you can continue using it for not just electronics and appliances, but also clothing, accessories, lifestyle improvements, and travel, among other things. The flexible repayment options make this easy EMI card suitable for various income levels and financial situations. And its secure and transparent processes give you the clarity you need to manage your purchases efficiently. So, why wait? Upgrade your payment mode, upgrade your tech, and upgrade your life. Apply for the Insta EMI Card today! ThePrint BrandIt content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.
Business Standard
11 hours ago
- Business
- Business Standard
Bajaj Finserv consolidated net profit rises 30.47% in the June 2025 quarter
Sales rise 12.77% to Rs 34907.91 crore Net profit of Bajaj Finserv rose 30.47% to Rs 2789.05 crore in the quarter ended June 2025 as against Rs 2137.70 crore during the previous quarter ended June 2024. Sales rose 12.77% to Rs 34907.91 crore in the quarter ended June 2025 as against Rs 30953.60 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 34907.9130953.60 13 OPM % 41.0138.20 - PBDT 7520.976235.42 21 PBT 7203.645968.41 21 NP 2789.052137.70 30
India Today
12 hours ago
- Business
- India Today
Explained: Why Bajaj Finance shares tumbled 6% despite strong Q1 results
Bajaj Finance shares plunged over 5% in early trade on Friday, even after the non-banking financial major posted a healthy set of Q1FY26 numbers. Investors reacted sharply to signs of rising credit stress and increased provisioning, despite double-digit growth in profit and loan stock was down 5.42% at Rs 907 on the BSE at around 9:28 am, while Bajaj Finserv also fell nearly 5%. Bajaj Finance touched an intraday low of Rs 898.10, marking a 6.3% Finance stock had hit an intraday low of 897.65 in early trade after falling over 6%. For the June quarter, the company reported a 22% year-on-year jump in consolidated net profit to Rs 4,765 crore, driven by strong loan disbursals and a growing customer base. Net interest income (NII) also rose 22% YoY to Rs 10,227 crore, while total income grew 21% to Rs 12,610 crore. Profit before tax came in at Rs 6,368 crore, up 21% from the previous growth remained robust, with 13.49 million new loans booked during the quarter—an increase of 23% from Q1FY25. The customer franchise expanded 21% YoY to 10.6 crore, with 4.69 million new additions in the under management (AUM) rose 25% year-on-year to Rs 4.41 lakh crore, up by Rs 24,789 crore sequentially. Pre-provisioning operating profit stood at Rs 8,487 crore, up 22% concerns emerged on the asset quality front. Loan losses and provisions rose 26% YoY to Rs 2,120 crore, and the annualized credit cost for the quarter stood at 2.02% of average assets under finance. Gross non-performing assets (GNPA) rose to 1.03%, up from 0.86% a year ago, while net NPA increased to 0.50% from 0.38%. The provision coverage ratio (PCR) on Stage 3 assets stood at 52%.Despite the uptick in credit costs, the company's capital adequacy remains solid. The capital to risk-weighted assets ratio (CRAR) stood at 21.96%, with Tier-I capital at 21.19%.While Bajaj Finance continues to demonstrate strong fundamentals in terms of growth and profitability, the market is now closely watching the rising stress on asset quality and elevated provisions. These are likely to remain key monitorables in the coming quarters.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
