Bajaj Finserv Reports Record FY26 Results, Completes Allianz Acquisition

Bajaj Finserv Limited reported audited standalone and consolidated financial results for the financial year ended 31 March 2026, with the Board of Directors approving the results on 30 April 2026. The company achieved an all-time high consolidated total income of ₹150,530 crore and profit after tax of ₹9,801 crore, surpassing the previous year's record. The Board recommended a dividend of ₹1.50 per equity share, representing 150% on face value of ₹1, including a 20% special payout.

Key Financial Performance

The consolidated results for FY26 demonstrated strong growth across major business segments. For the quarter ended 31 March 2026, consolidated total income stood at ₹38,508 crore, while consolidated profit after tax reached ₹2,539 crore. On a year-on-year basis, consolidated total income grew by 13% to ₹150,530 crore from ₹132,944 crore in FY25, while consolidated profit after tax increased by 10% to ₹9,801 crore from ₹8,872 crore.

Financial Metric (₹ in Crore) Q4 FY26 Q4 FY25 FY26 FY25 Consolidated Total Income 38,508 36,434 150,530 132,944 Consolidated Profit After Tax 2,539 2,417 9,801 8,872 Total Revenue from Operations 38,493.79 36,432.96 1,50,503.77 1,32,943.25 Total Expenses 31,590.98 30,440.74 1,23,284.20 1,09,214.10

Strategic Acquisition Milestone

bajaj finserv achieved a significant strategic milestone during the year by completing the acquisition of Allianz SE's 26% stake in its insurance subsidiaries. On 8 January 2026, the company along with its Promoter Group entities acquired 23% equity stake for ₹939.44 crore, increasing its holding to 75.01% in both Bajaj General Insurance Limited and Bajaj Life Insurance Limited. Subsequently, on 12 March 2026, pursuant to a buyback offer, Allianz SE tendered its entire remaining 3% stake in each subsidiary, resulting in Allianz's complete exit and increasing Bajaj Finserv's equity stake to 77.33% in each subsidiary.

Additionally, on 16 January 2026, the company completed the acquisition of 50% equity stake in Bajaj Financial Distributors Limited held by Allianz SE for ₹12.50 crore, making it a wholly owned subsidiary.

Subsidiary Performance

Bajaj Finance Limited, a key subsidiary, demonstrated robust performance with consolidated assets under management reaching ₹509,975 crore as on 31 March 2026, an increase of 22% from ₹416,661 crore in the previous year. The number of new loans booked crossed 50 million during the year. For Q4 FY26, Bajaj Finance reported net total income of ₹14,209 crore, an increase of 21% from ₹11,755 crore in Q4 FY25, while profit after tax increased by 22% to ₹5,464 crore.

Bajaj General Insurance Limited reported gross written premium of ₹4,322 crore for Q4 FY26 and profit after tax of ₹365 crore. The company maintained a solvency ratio of 302% as on 31 March 2026. Bajaj Life Insurance Limited recorded new business premium of ₹4,757 crore for Q4 FY26, an increase of 26%, while net Value of New Business stood at ₹709 crore, an increase of 29% from the previous year.

Corporate Governance and Dividend

The Board of Directors has fixed Tuesday, 30 June 2026 as the record date for determining members eligible to receive the dividend for the financial year ended 31 March 2026. The 19th Annual General Meeting of the company will be held on Friday, 31 July 2026. The Board also approved the re-appointment of KKC & Associates LLP, Chartered Accountants, as Statutory Auditors for a second term of five years, subject to shareholder approval at the forthcoming AGM.

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