Bajaj Finserv Limited Earnings Summary — Q4 FY2026
Bajaj Finserv Reports Standalone Q4 Profit Growth Amid Strategic Acquisition of Insurance Stakes
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 9.2% sequentially in Q1 FY2027.
- Revenue of ₹42,037 Cr is 19.1% higher year-on-year.
- Revenue has compounded at 12.8% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹3,132 Cr is 12.3% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 19.0% annualised across the period.
- Operating margin stands at 40.8% in Q1 FY2027.
- Operating margin expanded by 21 bps year-on-year.
- Over the last two years operating margin has expanded by 322 bps.
- PBT margin is 21.3%.
- Expense growth of 18.7% remained below revenue growth of 19.1%.
- Operating profit of ₹17,141 Cr is 19.7% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 79/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 42,037 | 38,494 | 39,708 | 37,403 | 35,288 | 36,595 | 32,042 | 33,704 | 31,480 | 32,041 |
| Expenses | Stable | 24,896 | 23,983 | 25,842 | 23,352 | 20,973 | 23,868 | 19,669 | 21,420 | 19,655 | 21,108 |
| Operating Profit | Improving | 17,141 | 14,511 | 13,866 | 14,050 | 14,315 | 12,728 | 12,373 | 12,283 | 11,825 | 10,933 |
| Operating Margin | Stable | 40.8% | 37.7% | 34.9% | 37.6% | 40.6% | 34.8% | 38.6% | 36.5% | 37.6% | 34.1% |
| Other Income | Volatile | 5 | 25 | -378 | 3 | 13 | 10 | 3 | 3 | 3 | 4 |
| Interest | Improving | 7,834 | 7,291 | 7,232 | 6,901 | 6,807 | 6,396 | 6,276 | 6,046 | 5,592 | 5,154 |
| Depreciation | Improving | 380 | 317 | 330 | 327 | 317 | 339 | 289 | 275 | 267 | 257 |
| Profit Before Tax | Improving | 8,932 | 6,928 | 5,926 | 6,825 | 7,204 | 6,002 | 5,812 | 5,966 | 5,968 | 5,527 |
| Tax | Improving | 2,636 | 1,702 | 1,559 | 2,079 | 1,874 | 1,246 | 1,400 | 1,786 | 1,759 | 1,442 |
| Net Profit | Improving | 3,132 | 2,539 | 2,229 | 2,244 | 2,789 | 2,417 | 2,231 | 2,087 | 2,138 | 2,119 |
| Net Margin | Stable | 7.5% | 6.6% | 5.6% | 6.0% | 7.9% | 6.6% | 7.0% | 6.2% | 6.8% | 6.6% |
Key Takeaways
- Standalone net profit for Q4 surged to ₹16.01 crore, largely aided by a tax credit write-back of ₹27.17 crore pertaining to earlier years.
- The company successfully completed the acquisition of Allianz SE's 23% stake in both General and Life Insurance subsidiaries in January 2026.
- Following a subsequent buyback in March 2026, Bajaj Finserv's equity stake in both insurance subsidiaries increased to 77.33% as Allianz fully exited.
- A total dividend of ₹1.50 per share (150%) was recommended, which includes a special payout of ₹0.20 to celebrate the Bajaj Group centenary.
- Acquired the remaining 50% stake in Bajaj Financial Distributors Limited, making it a wholly-owned subsidiary.
- Consolidated total assets reached ₹6,99,881 crore as of March 31, 2026, reflecting the group's massive scale in the financial services ecosystem.
Management Guidance
Management focused on the transition to a digital-first 'finserv' entity and the successful consolidation of ownership in its insurance arms. The board recommended a final dividend of ₹1.50 per share, payable by August 4, 2026, subject to shareholder approval.
Sentiment Shift
Improving
The consolidation of ownership in the insurance business simplifies the corporate structure and provides Bajaj Finserv with greater control over its high-growth insurance cash flows.
Outlook
The outlook remains strong as the company transitions from a holding entity to a comprehensive financial platform, bolstered by full control of its insurance arms and new forays into mutual funds and healthcare.
From the Annual Report (Key Quotes)
“Board of Directors have recommended a dividend of Rs. 1.50 (150%) per equity share... in celebration of 100 years of Bajaj Group.”
“Allianz SE fully exited both Bajaj General Insurance Limited and Bajaj Life Insurance Limited.”
“The acquisition is accounted in the financials from the respective transaction date.”
Official Quarterly Documents
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This summary is AI-generated from Bajaj Finserv Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.