Bajaj Finserv delivered robust financial results for Q2 FY27, with consolidated net profit attributable to owners rising 25% year-on-year to ₹5,952 crore compared with ₹4,746 crore in the corresponding quarter last year. According to latest reports, revenue from operations increased 16.7% to ₹43,416 crore from ₹37,215 crore in the year-ago quarter. Interest income grew 21.6% to ₹23,824.03 crore during the quarter. The company's total expenses increased 14.5% to ₹34,811.80 crore during the quarter. For the first half of FY27, consolidated revenue increased 17.8% year-on-year to ₹85,453 crore, while consolidated net profit rose 21.6% to ₹12,249 crore. The positive market response reflects investor confidence in the company's strong quarterly performance despite some challenges from mark-to-market movements.
Shares of Bajaj Finserv gained 2% following the earnings announcement, trading at around ₹1,721.9 per unit on BSE, as reported by ZeeBiz. The stock has declined 15.63% so far in 2026, compared with a 9.3% fall in the Nifty 50. The company's market capitalisation stood at ₹2.75 lakh crore. The positive market response reflects investor confidence in the company's strong quarterly performance despite some challenges from mark-to-market movements. The stock has gained 2.49% in the past week and hit its 52-week high of ₹2,126.80 per share on November 10, 2025, while its year's low of ₹1,597 apiece was recorded on April 2, 2026.
Bajaj Finserv highlighted that unrealised mark-to-market (MTM) movements in the equity portfolios of its insurance subsidiaries could cause temporary volatility in reported earnings. According to the company's disclosure, the after-tax unrealised MTM loss was ₹177 crore during Q2 FY27, compared with ₹161 crore a year earlier. Excluding unrealised MTM gains or losses and including realised equity gains booked under other comprehensive income (OCI), consolidated profit attributable to owners stood at ₹2,978 crore, up 22% from ₹2,449 crore in the year-ago quarter. The company's consolidated profit after tax attributable to owners increased 23% to ₹2,758 crore in Q2 FY27, against ₹2,244 crore a year earlier.
Bajaj Finance, the company's lending subsidiary, demonstrated exceptional performance with consolidated profit after tax increasing 29% YoY to ₹6,367 crore from ₹4,948 crore. As reported by The Economic Times, net total income rose 23% to ₹15,974 crore from ₹12,982 crore. The subsidiary's assets under management (AUM) grew 26.5% to ₹5.85 trillion as of September 30, 2026, from ₹4.62 lakh crore a year earlier. This included AUM of ₹1.58 lakh crore at Bajaj Housing Finance, representing a 25% YoY increase. The company added 4.42 million customers and booked 13.5 million new loans during the quarter, compared with 12.2 million in the year-ago period. Loan losses and provisions stood at ₹2,166 crore, compared with ₹2,080 crore in Q2FY26, which included a prudent management and macroeconomic provision of ₹337 crore. Bajaj Housing Finance, the group's mortgage subsidiary, reported an 18% increase in profit to ₹757 crore.
The insurance segment showed mixed results across different business lines. According to Business Standard reports, Bajaj General Insurance reported an 18.8% decline in profit to ₹420 crore from ₹517 crore a year earlier, even as gross written premium increased 10% to ₹7,056 crore. The company's combined ratio increased to 104.5% from 102.3%, reflecting higher natural catastrophe claims and loss ratios in the health segment. Bajaj Life Insurance's net profit rose to ₹55 crore from ₹13 crore in the year-ago quarter. The life insurer's gross written premium increased 22.8% to ₹10,277 crore, while value of new business (VNB) grew 39.6% to ₹512 crore. The insurer's profit after tax climbed to ₹55 crore from ₹13 crore in the year-ago quarter. Bajaj Asset Management posted quarterly average assets under management (AUM) of ₹37,842 crore and closing AUM of ₹35,768 crore as of September 2026.
Bajaj Finserv's emerging businesses reported a combined loss of ₹144 crore, which includes Bajaj Finserv Health, Bajaj Finserv Direct, Bajaj Asset Management and Bajaj Alternate Investment Management. This contrasts with the strong performance across the group's core financial services businesses, highlighting the challenges in scaling newer ventures. The contrasting performances of the two insurance businesses also reflected their differing contributions to the group's earnings, with higher new business profitability at Bajaj Life supporting overall performance, while lower profit at Bajaj General weighed on the insurance segment.
