Bajaj Finserv Q1 net up 18% on NBFC strength

ET BureauLast Updated: Aug 01, 2026, 08:53:00 AM IST

Synopsis

Bajaj Finserv announced an eighteen percent profit increase for the June quarter. This growth was primarily fueled by strong consumer finance earnings. Bajaj Finance saw its profit after tax rise by twenty-eight percent. However, profits at general and life insurance units experienced declines. Bajaj Housing Finance reported a twenty-three percent profit increase.

Mumbai: Bajaj Finserv, which holds a host of businesses including mortgages, unsecured lending and insurance, reported an 18% year-on-year rise in consolidated net profit for the June quarter, driven by strong earnings growth in consumer finance, even as profits at general and life insurance units declined.

The financial services conglomerate posted a consolidated profit after tax of ₹6,297 crore during the quarter, compared to ₹5,329 crore a year earlier.

The growth was led by Bajaj Finance, where profit after tax rose 28% to ₹6,081 crore.

Also Read: ITC Q1 Results: Standalone profit falls 27% YoY to Rs 3,579 crore, but revenue grows 28%

Bajaj Housing Finance, its mortgage subsidiary, reported a 23% increase in profit after tax to ₹715 crore during the quarter. Bajaj Allianz General Insurance reported a 28% decline in profit after tax to ₹478 crore , while Bajaj Allianz Life Insurance's profit after tax fell 70% to ₹51 crore.

...moreless

...moreless