Bajaj Finserv reported a 25.4% year-on-year increase in consolidated net profit to ₹5,952 crore for the second quarter of financial year 2026-27 (Q2FY27), compared with ₹4,746 crore in the corresponding quarter last year.
The financial services group’s consolidated revenue also recorded strong growth, rising 16.7% to ₹43,416 crore from ₹37,215 crore in Q2FY26. The results reflect higher income across its financial services businesses, supported by growth in lending and insurance operations.
Bajaj Finserv Q2 Results Show Strong Revenue Growth
Bajaj Finserv’s interest income increased 21.6% year-on-year to ₹23,824.03 crore during the July-September quarter. Meanwhile, total expenses rose 14.5% to ₹34,811.80 crore.
For the first half of FY27, the company reported consolidated revenue of ₹85,453 crore, representing a 17.8% increase compared with the corresponding period last year.
Consolidated net profit for the first six months rose 21.6% to ₹12,249 crore, indicating continued growth in the group’s overall financial performance.
Assets Under Management Increase 26.5%
Bajaj Finserv’s assets under management (AUM) reached ₹5.85 trillion as of September 30, 2026, registering year-on-year growth of 26.5%.
Its subsidiary, Bajaj Finance, reported a 23% increase in net total income to ₹15,974 crore during Q2FY27, compared with ₹12,982 crore in the same quarter last year.
The lending business recorded 13.5 million new loans during the quarter, up from 12.2 million in the year-ago period. It also added 4.42 million new customers to its franchise.
However, loan losses and provisions increased to ₹2,166 crore from ₹2,080 crore in Q2FY26. The latest figure included a management and macroeconomic provision of ₹337 crore.
Bajaj General Insurance Reports Lower Profit
Bajaj General Insurance recorded an 18.8% decline in quarterly profit to ₹420 crore, compared with ₹517 crore in the corresponding period last year.
Its combined ratio increased to 104.5% from 102.3%, reflecting higher natural catastrophe claims and increased loss ratios in the health insurance segment.
Despite the decline in profitability, gross written premium (GWP) increased 10% year-on-year to ₹7,056 crore during the quarter.
Bajaj Life Insurance Profit Records Significant Growth
Bajaj Life Insurance reported net profit of ₹55 crore in Q2FY27, compared with ₹13 crore in the corresponding quarter of the previous financial year.
The insurer’s gross written premium increased 22.8% to ₹10,277 crore. Additionally, its value of new business (VNB) rose 39.6% to ₹512 crore.
The growth in premiums and new business value indicates improved performance in the life insurance segment during the reporting period.
Bajaj Finserv Maintains Growth Momentum in FY27
Bajaj Finserv’s second-quarter performance highlights growth in consolidated revenue, profitability and assets under management. Its lending and life insurance businesses reported higher income, while the general insurance segment faced pressure from increased claims and loss ratios.
The company’s first-half financial results also indicate continued expansion across its financial services operations. Performance in the coming quarters will remain important in assessing the sustainability of its growth across lending, general insurance and life insurance businesses.
Source: Business Standard
