Mumbai: Bajaj Holdings & Investment Limited (BHIL) (BSE: 500490, NSE: BAJAJHLDNG), the strategic investment arm of the Bajaj Group, reported a 15% year-on-year rise in consolidated Profit After Tax (PAT) to ₹2,016.22 crore for the third quarter ended 31 December 2025 (Q3 FY26). The growth was primarily driven by strong performance from its associate companies, Bajaj Auto and Bajaj Finserv.
Financial Highlights: Q3 FY26
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Consolidated Profit After Tax (PAT): ₹2,016.22 crore (up 15% YoY)
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Consolidated Total Income: ₹300.44 crore
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Consolidated Earnings Per Share (EPS): ₹181.2 (Basic, not annualized)
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Standalone PAT: ₹180.95 crore (up 115% YoY)
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Standalone Total Income: ₹293.54 crore
Key Strategic & Financial Updates
1. Portfolio Realignment & CIC Re-categorisation:
BHIL has filed an application with the Reserve Bank of India (RBI) to re-categorise itself as an Unregistered Core Investment Company (CIC). As part of this strategic shift, the company is realigning its investment portfolio. Consequently, it realised a profit of ₹2,068.54 crore on the sale of non-group equity investments during the nine-month period.
2. Sale of Bajaj Finserv Stake & Insurance Investment:
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In June 2025, BHIL sold 1.04 crore equity shares of associate Bajaj Finserv Ltd. (BFS) via a block deal, booking a profit of ₹1,521.88 crore (consolidated) for funding part of a major acquisition.
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On 8 January 2026, BHIL, as a promoter group entity, invested ₹16,330.85 crore to acquire a 17.56% stake in each of the newly independent Bajaj General Insurance Limited and Bajaj Life Insurance Limited, following the buyout of Allianz SE's stake.
3. Strong Performance of Associate Companies:
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Bajaj Auto Limited (Consolidated): PAT grew 25% YoY to ₹2,750 crore in Q3 FY26, with a robust standalone EBITDA margin of 20.8%.
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Bajaj Finserv Limited (Consolidated): Reported a PAT of ₹2,229 crore. Before one-off charges related to accelerated provisions and new labour codes, its PAT grew 32% YoY.
4. Investment Portfolio Snapshot (as of 31 Dec 2025):
The market value of BHIL's investment portfolio stood at a substantial ₹2,42,920 crore, against a book cost of ₹21,570 crore. This includes strategic stakes in group companies valued at ₹2,24,219 crore (cost: ₹3,137 crore).
Auditor's Emphasis
The statutory auditors issued a review report with an emphasis on the company's inability to account for the share of profits from its newly acquired subsidiary, Bajaj Auto International Holdings AG (formerly Pierer Bajaj AG), for the period 1 July to 18 November 2025, due to differences in financial reporting calendars in Europe. This has no cash flow impact.
Management Outlook
BHIL continues its strategic focus as a holding and investment company, optimizing its portfolio to enhance shareholder value. The recent large-scale investments in the insurance sector and the ongoing CIC transformation mark a significant phase in its corporate strategy.
About Bajaj Holdings & Investment Limited:
BHIL is the flagship investment company of the Bajaj Group, holding strategic long-term stakes in key group companies like Bajaj Auto Ltd. (36.65%), Bajaj Finserv Ltd. (40.85%), and Maharashtra Scooters Ltd. (51%). It is part of the S&P BSE 100 and NIFTY 100 indices.