Bajaj Finserv Q3 FY26 Consolidated PAT at ₹2,229 Crore; Acquires Full Control of Insurance Subsidiaries

Pune, 4 February 2026 – Bajaj Finserv Limited (BSE: 532978, NSE: BAJAJFINSV), a leading financial services holding company, announced its unaudited financial results for the third quarter ended 31 December 2025. The company reported a consolidated Profit After Tax (PAT) of ₹2,229.15 crore, driven by robust performance across its lending and insurance subsidiaries.

Financial Highlights: Q3 FY26 (Consolidated)

Total Income: ₹39,708.06 crore, up 24% Year-on-Year (YoY)
Profit Before Tax (PBT): ₹5,926.28 crore
Profit After Tax (PAT): ₹2,229.15 crore
Earnings Per Share (EPS): ₹14.0 (Basic, not annualised)

Key Strategic & Business Updates

1. Landmark Acquisition: Full Control of Insurance Ventures
The company successfully completed the acquisition of the 23% equity stake held by Allianz SE in its two insurance subsidiaries on 8 January 2026. Bajaj Finserv invested approximately ₹939.29 crore to increase its direct stake to 75.01% in each:

Bajaj General Insurance Limited (formerly Bajaj Allianz General)
Bajaj Life Insurance Limited (formerly Bajaj Allianz Life)
The Bajaj Group now collectively holds 97% in each company, marking the end of the joint venture and transitioning to full strategic control.

2. Robust Subsidiary Performance

Bajaj Finance Ltd (Retail Financing):
- Assets Under Management (AUM) grew 22% YoY to ₹4.84 lakh crore.
- Reported a consolidated PAT of ₹3,978 crore. The subsidiary proactively made an accelerated Expected Credit Loss (ECL) provision of ₹1,406 crore to fortify its balance sheet.
Bajaj General Insurance:
- Gross Written Premium grew 12% YoY to ₹7,389 crore.
- Maintained a healthy Combined Ratio of 97.9%.
Bajaj Life Insurance:
- Gross Written Premium increased 23% YoY to ₹7,854 crore.
- Net Value of New Business (VNB), a key profitability metric, surged 59% to ₹405 crore.

3. ESOP Issuance Approved
The Board approved the issuance of 27,36,768 equity shares to the Bajaj Finserv ESOP Trust under the company's employee benefit scheme.

4. One-Time Provision
The consolidated accounts include a one-time charge of ₹379.49 crore related to the enactment of the New Labour Codes.

Management Commentary

Mr. Sanjiv Bajaj, Chairman & Managing Director, stated, “This quarter marks a significant milestone with the completion of our acquisition in the insurance subsidiaries, bringing them into the Bajaj fold. Our core businesses continue to exhibit strong growth fundamentals. Bajaj Finance is building resilience through enhanced provisioning, while our insurance companies are delivering impressive premium growth and improved profitability metrics. We remain focused on leveraging our diversified model to create sustainable value.”

Growth Strategy & Outlook

Bajaj Finserv's strategy is anchored on four pillars:

Deepening Core Leadership: Strengthening market position in consumer finance, general insurance, and life insurance.
Portfolio Diversification: Growing emerging businesses in asset management, healthtech, and digital marketplaces.
Synergy Realization: Leveraging the full ownership of insurance subsidiaries to drive operational and strategic synergies across the group.
Technology & Digital Focus: Enhancing customer experience and operational efficiency through digital innovation.

Investor Information

Paid-up Equity Share Capital: ₹159.71 crore (Face Value ₹1)
Board Meeting Duration: 11:30 AM to 1:10 PM IST (4 Feb 2026)
Auditors: The results were subjected to a limited review by KKC & Associates LLP, who issued an unmodified report.

For investor queries: investors@bajajfinserv.in

About Bajaj Finserv Limited
Bajaj Finserv Limited is the holding company for various financial services businesses under the Bajaj Group, spanning lending (through Bajaj Finance), life insurance, general insurance, health insurance, asset management, and wealth advisory. The company serves millions of customers with a vision to be a lifecycle financial partner.