Bajaj Finserv rallies after Q1 PAT climbs 12% YoY to Rs 3,132.35 cr
BFS operates its financing business through its 51.30% stake in Bajaj Finance (BFL). It is also present in the life, general, and health insurance segments through its 77.33% stake in its unlisted subsidiaries, Bajaj General Insurance and Bajaj Life Insurance . BFL, in turn, holds an 86.70% stake in Bajaj Housing Finance (BHFL),
Bajaj Finance continued to deliver a strong operating performance during the quarter, with profit after tax rising 28% YoY to approximately Rs 6,081 crore. Assets under management (AUM) grew 24% YoY to Rs 5,46,944 crore as of 30 June 2026, including Bajaj Housing Finance's AUM of Rs 1,49,624 crore, which also registered 24% growth over the year-ago period.
Net interest income (NII) increased 22.92% YoY to Rs 12,571 crore, supported by healthy loan growth. Asset quality remained strong, with gross non-performing assets (GNPA) improving to 0.96% as of 30 June 2026 from 1.03% a year earlier, while net NPAs (NNPA) declined to 0.39% from 0.50%. The provisioning coverage ratio on Stage 3 assets stood at 60%.
Capital adequacy ratio (CRAR) (including Tier-II capital) as on 30 June 2026 stood at 20.90%. The Tier-I capital was at 20.01%.
Meanwhile, the company's board has approved the proposal to pursue the reinsurance business through a wholly owned subsidiary to be incorporated, subject to the requisite approvals from the Insurance Regulatory and Development Authority of India (IRDAI) and other regulatory authorities.
Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
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