Financial Performance
Bajaj Finserv posted a 5% year-on-year growth in consolidated net profit for the fourth quarter of FY26, reaching ₹2,539 crore, up from ₹2,417 crore in the same period last fiscal year. The company's interest income rose 17% to ₹21,018 crore from ₹17,946 crore in Q4 FY25, driving a 21% increase in net total income to ₹14,209 crore for the quarter.
Subsidiary Performance
Key subsidiaries showed varied but generally positive results. Bajaj Finance, the lending arm, reported a 22% year-on-year increase in Assets Under Management (AUM) to ₹5,09,975 crore. Bajaj Life Insurance saw its new business premium grow by 26% to ₹4,757 crore, with renewal premiums up 18%. Bajaj General Insurance reported a slight dip in gross written premium but managed a 7% increase in net earned premium to ₹2,431 crore.
Strategic Consolidation
In a significant move, Bajaj Finserv, along with its Promoter Group entities, completed the acquisition of Allianz SE's remaining 23% equity stake in its insurance subsidiaries: Bajaj General Insurance and Bajaj Life Insurance. This consolidation aims to streamline the group's insurance business operations.
Dividend Recommendation
Bajaj Finserv's board of directors recommended a dividend of ₹1.50 per equity share for FY26. This includes a 20% special component to mark the 100th anniversary of the Bajaj Group. The total dividend payout is ₹240 crore and is expected to be dispatched by August 4, 2026.
