Bajaj Finserv delivered robust financial results for the June quarter, with consolidated net profit rising 18% year-on-year to ₹6,297 crore, compared to ₹5,329 crore in the same period last year. According to reports from The Economic Times, the financial services conglomerate's growth was primarily driven by strong earnings in its consumer finance segment, demonstrating the strength of its diversified business portfolio. The company also reported 19% increase in revenue to ₹42,037 crore for the April-June quarter, up from ₹35,288 crore in the year-ago period. As per PTI, total income during the quarter increased to ₹42,037 crore from ₹35,300 crore in the year-ago period, with total expenditure rising to ₹33,110 crore from ₹28,097 crore in the same quarter a year ago.
The company's net interest income rose 20% to ₹14,528 crore during the quarter, compared to ₹12,083 crore in the same quarter last year. As reported by The Economic Times, this growth in core lending income was instrumental in driving the overall consolidated profit growth. The company's assets under management stood at ₹143,744 crore as of June 30, 2026, increasing around 10% from ₹131,052 crore reported in the same period last year.
The standout performer was Bajaj Finance, which reported profit after tax rising 28% to ₹6,081 crore during the quarter. As reported by The Economic Times, this strong performance in the unsecured lending segment was instrumental in driving the overall consolidated growth. The mortgage subsidiary Bajaj Housing Finance also contributed positively with profit after tax increasing 23% to ₹715 crore during the quarter.
Despite the overall positive performance, the insurance divisions faced headwinds during the quarter. According to The Economic Times, Bajaj Allianz General Insurance reported a 28% decline in profit after tax to ₹478 crore, while Bajaj Allianz Life Insurance experienced a more significant 70% fall in profit after tax to ₹51 crore. As per PTI, Bajaj General Insurance's gross written premium for Q1, FY27 increased 11% to ₹5,789 crore compared to ₹5,202 crore in the corresponding quarter of the previous fiscal year, while net earned premium increased 20% to ₹2,669 crore against ₹2,229 crore in the same period year ago. The underwriting loss widened to ₹130 crore from ₹116 crore in Q1 FY26, and investment and other income for the quarter stood at ₹768 crore from ₹1,003 crore a year earlier.
Following the announcement of its quarterly results, Bajaj Finserv's share price climbed nearly 6% in Friday's intraday trade. Over the past one month, the stock has delivered a return of 14%, while over the past six months it has advanced by 3%. The company's board has granted approval for pursuing re-insurance business through a subsidiary, which is yet to be incorporated. As reported by PTI, the board has granted approval for setting up re-insurance business subject to regulatory clearance from the Insurance Regulatory and Development Authority of India (IRDAI) and other concerned authorities.
