Bajaj Finserv Reports 18% YoY PAT Growth in Q1 FY27; Board Approves Reinsurance Business Entry; Share Price Jumps 5%
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Bajaj Finserv reported double-digit growth in consolidated income and profit for Q1 FY27. The Board also approved the incorporation of a subsidiary to pursue the reinsurance business, subject to regulatory approvals.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 53.95 points, or 0.22 per cent, to 24,371.10. Amid the positive market sentiment, Bajaj Finserv share price gained 5.13 per cent to Rs 2,007.30 after the company reported strong Q1 FY27 earnings and announced its plans to enter the reinsurance business through a wholly owned subsidiary.
Bajaj Finserv Q1 FY27 Results
Bajaj Finserv reported a 19.1 per cent YoY increase in consolidated total income to Rs 42,036.90 crore for the quarter ended June 30, 2026, compared with Rs 35,300.02 crore in the corresponding quarter last year.
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Download Service BrochureProfit before Tax (PBT) increased 24.0 per cent YoY to Rs 8,932.19 crore, compared with Rs 7,203.64 crore in Q1 FY26.
Profit after tax (PAT) rose 18.2 per cent YoY to Rs 6,296.67 crore, compared with Rs 5,329.17 crore in the year-ago quarter. Profit attributable to the owners of the company increased 12.3 per cent YoY to Rs 3,132.35 crore from Rs 2,789.05 crore, while basic earnings per share (EPS) improved to Rs 19.60 from Rs 17.47 in Q1 FY26.
Operational Highlights
During the quarter, Bajaj Finance reported a 28 per cent YoY increase in consolidated profit after tax to Rs 6,081 crore, while its housing finance subsidiary Bajaj Housing Finance posted a 23 per cent growth in profit after tax.
Bajaj General Insurance recorded an 11 per cent increase in gross written premium to Rs 5,789 crore, while Bajaj Life Insurance reported an 87 per cent jump in the Value of New Business (VNB) to Rs 271 crore, reflecting strong growth in its life insurance business.
Bajaj Finserv Board Approvals
The Board approved the incorporation of a subsidiary to pursue the reinsurance business, subject to approvals from the Insurance Regulatory and Development Authority of India (IRDAI) and other regulatory authorities.
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Additionally, the Board approved the issuance of 15,11,358 equity shares of face value Re 1 each to the Bajaj Finserv ESOP Trust under the company's employee stock option scheme.
About Bajaj Finserv
Bajaj Finserv Ltd is one of India's leading financial services companies with interests across lending, life insurance, general insurance, housing finance, asset management and digital financial services. Through its subsidiaries, the company offers a diversified portfolio of financial products and services to retail and corporate customers across India.
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Disclaimer: The article is for informational purposes only and not investment advice.