Bajaj Finserv Ltd (BFS) reported a 12 per cent year-on-year (y-o-y) increase in first quarter (Q1FY27) consolidated net profit attributable to owners at ₹3,132 crore against ₹2,789 crore in the year ago quarter on the back of strong performance of its lending subsidiary Bajaj Finance.
BFS’ board on Friday granted its approval for pursuing re-insurance business through a subsidiary of the company to be incorporated. This is subject to the approval of Insurance Regulatory and Development Authority of India (IRDAI) and other authorities.
Bajaj Finserv is an unregistered Core Investment Company (CIC) under the RBI regulations 2025 and serves as the holding company for the various financial services businesses under the Bajaj group.
In the reporting quarter, Bajaj Finance reported a 28 per cent y-o-y increase in consolidated net profit at ₹6,081 crore (₹4,765 crore).
Profit declined
In the case of Bajaj Life Insurance, the shareholders’ net profit declined sharply to ₹51 crore in Q1FY27 against ₹171 crore in Q1FY26. However, the Net Value of New Business (VNB), which is the key metric to measure profitability of life insurance business, jumped 87 per cent y-o-y to ₹271 crore against ₹145 crore.
In the case of Bajaj General Insurance, the net profit was down 27.57 per cent y-o-y at ₹478 crore in Q1FY27 against ₹660 crore in Q1FY26.
BFS’ shares closed at ₹2032 apiece, up6.44 per cent over the previous close of ₹1,909.05 on BSE.
Published on July 31, 2026
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