Bajaj Finserv net profit rises 23.9% to Rs 2244 crore for Q2FY26

MUMBAI: Bajaj Finserv ’s standalone net profit rose 23.9% to Rs 2,244 crore in the September quarter from Rs 2,087 crore a year earlier, driven by higher dividend income from its subsidiaries in lending and insurance . Total income increased 11% to Rs 37,403 crore. The company said the reported profit included non-recurring dividend gains, while the underlying operating performance reflected steady growth across its core businesses.
The holding company’s subsidiaries continued to perform strongly. Bajaj Finance , the group’s largest unit, posted a 22% rise in net profit to Rs 4,876 crore, supported by a 24% increase in assets under management to Rs 4.62 lakh crore. Its asset quality saw a mild deterioration, with gross NPAs rising to 1.24% from 1.06% a year earlier.
In the general insurance arm, profit rose 5% to Rs 517 crore as gross written premium grew 9% to Rs 6,413 crore, helped by an improved claims ratio though underwriting losses widened. The life insurance business reported a 50% jump in value of new business to Rs 367 crore, driven by a better product mix and cost control, even as profit fell to Rs 13 crore from Rs 148 crore due to loss of GST input credit.
Bajaj Finserv’s emerging ventures—Finserv Health, Finserv Direct, and Finserv Asset Management—together posted losses of Rs 141 crore, as expected for early-stage businesses. The firm also received regulatory approvals to acquire Allianz SE’s 26% stake in its two insurance companies, which have been renamed Bajaj Life Insurance and Bajaj General Insurance .