The company’s revenue from operations in the quarter under review stood at Rs 37,403 crore, rising 11% YoY over Rs 33,704 crore in the corresponding quarter of the last financial year.
The company’s profit after tax (PAT) was down nearly 20% on a sequential basis compared to Rs 2,789 crore in Q1FY26 despite a near 6% quarter-on-quarter growth in its topline in the reporting quarter versus Rs 35,439 crore in the April-June quarter of FY26.
The promoter company of listed entities Bajaj Finance and Bajaj Housing Finance announced its earnings during market hours and its shares fell 8% to hit the intraday lows of Rs 1,952.40 on the NSE around 2 pm.
Bajaj Finserv’s net worth climbed 12% in Q2FY26 to Rs 76,490 crore versus Rs 68,325 crore in the year ago period.
The PAT includes unrealised mark-to-market (MTM) loss on equity investments measured at fair value through profit and loss of Bajaj General and Bajaj Life of Rs 70 crore and Rs 91 crore respectively, for Q2 FY26 as compared to MTM Gain of Rs 35 crore and MTM loss of Rs 39 crore respectively for Q2 FY25, an investor note shared on the exchanges showed.”Also realized equity gain routed through OCI stands at Rs 38 crore for Bajaj General and Rs 6 crore for Bajaj Life for Q2 FY2026 as compared to MTM realized gain of Rs 60 crore and Rs 28 crore in Q2 FY2025, respectively,” the filing added.Q2 highlights of subsidiaries
— Bajaj Finance: Consolidated PAT at Rs 4,876 crore versus Rs 4,000 crore, up 22% YoY
Bajaj Finance recorded an increase in the customer franchise of 4.13 million and the number of new loans booked of 12.17 million in 02 FY26. Bajaj Housing Finance recorded a growth of 18% in profit after tax.
— Bajaj General: Consolidated PAT at Rs 517 crore versus Rs 494 crore, 5% YoY
Bajaj General recorded growth of 9% in gross written premium to Rs 6,413 crore; excluding bulky tender-driven crop, government health, and the impact of change in accounting for long-term products and business growth was strong at 18%.
— Bajaj Life: Net value of new business (VNB) at Rs 367 crore versus Rs 245 crore, up 50% YoY
Bajaj Life recorded growth of 50% in value of new business due to product restructuring, favourable product mix and cost rationalization. The VNB and New Business Margin (NBM at 14.8%) are the highest ever on half-yearly basis.
