ALPHA TRIBE

Bajaj Finserv LimitedInvestor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

17-11-2025 | 01:17 pm

Bajaj Finserv reported Q2 FY26 total income up 11% to ₹37,400 Cr, with PAT growing 8% to ₹2,244 Cr (12% excluding MTM gains/losses).

Bajaj Life's Value of New Business (VNB) surged 50% to ₹367 Cr, and New Business Margins (NBM) expanded to 17.1%. Profitability was impacted by ₹112 Cr due to GST changes. Management expects sustained margin growth and a return to sales growth after strategic adjustments.

Bajaj General's Gross Written Premium (GWP) rose 9% to ₹6,413 Cr. Underwriting losses stood at ₹92 Cr, with a combined ratio of 102.3%, yet Return on Equity (ROE) remained strong at ~24%.

Lending businesses (BFL, BHFL) posted robust AUM and profit growth. Emerging businesses like Bajaj Finserv Health saw transaction volumes double, and Bajaj Finserv Asset Management's AUM surpassed ₹30,000 Cr.

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