Q1 2026 Bajaj Finserv Ltd Earnings Call Transcript

Jul 25, 2025 / 01:00PM GMT

Release Date Price: ₹1985.55 (-2.29%)

Transcript

Key Points

Positve

Bajaj Finserv Ltd (BOM:532978) reported a 13% increase in consolidated total income to INR35,451 crore compared to the same period last year.
Consolidated profit after tax grew by 30% to INR2,789 crore, marking an all-time high quarterly PAT for the company.
Bajaj Allianz Life Insurance (BALIC) saw a 76% increase in PAT to INR171 crore, driven by higher investment income.
Bajaj Finance Limited (BFL) reported a 22% growth in consolidated PAT to INR4,755 crore, with a strong AUM growth of 25%.
Bajaj Finserv Asset Management's AUM grew by 107% year-over-year, reaching INR25,000 crore, making it the fastest to cross this mark in less than two years of operations.

Negative

The combined ratio for Bajaj Allianz General Insurance (BAGIC) remained above 100%, indicating challenges in maintaining underwriting profitability.
BALIC's group protection business faced a slowdown due to reduced lending growth, particularly in the microfinance sector.
Bajaj Markets experienced a decline in top-line revenue to INR92 crore from INR135 crore, attributed to decreased loan transactions.
Persistency rates for BALIC saw a drop in the 13-month bucket, attributed to a base effect from higher ticket size policies in the previous year.
Bajaj Housing Finance faced intense competition and market moderation, impacting growth despite a 24% increase in AUM.

Operator

Ladies and gentlemen, good day, and welcome to the Bajaj Finserv Limited Q1 FY26 earnings conference call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Ajit Kumar from JM Financial. Thank you, and over to you, sir.

Ajit Kumar

JM Financial - Moderator

Thank you, [Muskan]. Good evening everyone and welcome to 1Q '26 earnings conference call of Bajaj Finserv Limited. First of all, I would like to thank the management of Bajaj Finserv Limited for giving us the opportunity to host this call. As always, we will have the opening comment from the management team post, which we will open the floor for Q&A.

From the management side today, we have Mr. S. Sreenivasan, President Insurance and a Special Project Bajaj Finserv Limited; Mr. Ramandeep Singh Sahni, CFO, Bajaj Finserv Ltd; Mr. Tapan Singhel, MD and CEO of Bajaj Alliance General Insurance Company Limited; Mr. Tarun Chugh, MD and CEO Bajaj Alliance Life Insurance Company Limited; Mr. Anckur Anil Kanwar

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