Bajaj Finserv delivered robust financial results for the April-June quarter of FY27, with net profit rising 12.3% year-on-year to ₹3,132 crore and total income growing 19.1% YoY to ₹42,037 crore. According to latest reports, the company's interest income increased over 18% YoY to ₹22,362 crore, demonstrating strong operational performance across its diversified business portfolio. The strong quarterly performance has positioned the company favorably in the current market environment.
The company's lending arm, Bajaj Finance, showed significant expansion with total customer franchise increasing by 51 lakh and new loans booked rising by 161 lakh in Q1 FY27. As reported by The Economic Times, this growth reflects the strong demand for the company's lending products and successful customer acquisition strategies during the quarter. The robust lending performance continues to provide earnings stability for the broader Bajaj Finserv group. Bajaj Finance added 5.1 million customers during the quarter and booked 16.13 million new loans, while consolidated assets under management (AUM) rose 24% year-on-year to ₹5.47 lakh crore as of June 30, 2026.
In the insurance segment, Bajaj General recorded 11% growth in gross written premium to ₹5,789 crore, while Bajaj Life demonstrated exceptional performance with sharp growth of 87% in value of new business and VNB witnessed strong growth of 87% YoY to ₹2.7 billion. According to the company's statement reported by The Economic Times, this growth aligns with Bajaj Life's strategy of sustainable and profitable growth, with VNB margin reaching 15.9%, up 480 basis points YoY. The insurance businesses are transitioning into margin-led growth, supporting the company's diversified revenue streams.
The company demonstrated improved asset quality with gross NPA declining to 0.96% from 1.03% a year earlier and net NPA easing to 0.39% from 0.50%. As reported by The Economic Times, the group's capital adequacy ratio stood at 20.9%, with Tier-I capital at 20.01%, providing a strong foundation for future growth. The company also approved the issuance of 15.11 lakh equity shares to the Bajaj Finserv ESOP Trust under its employee stock option scheme.
Among emerging businesses, Bajaj Asset Management (formerly Bajaj Finserv Asset Management) achieved average quarterly AUM of ₹33,027 crore, while Bajaj Housing Finance's AUM also grew 24% to ₹1.50 lakh crore*. As reported by The Economic Times, the company's emerging businesses, including health, direct, asset management and alternate investment management, continued to expand as planned. The board also approved pursuing a reinsurance business through a subsidiary to be incorporated, subject to regulatory approvals from the Insurance Regulatory and Development Authority of India (IRDAI) and other authorities.
