BAJAJ FINSERV LTD. — Q2FY27 earnings call summary

Filed 10 November 2026 · Official transcript

Consolidated total income grew 17% to INR 43,416 Cr; PAT grew 25% to INR 5,952 Cr in Q2 FY27
Bajaj General: GWP +10%, underwriting loss INR 115 Cr due to NATCAT claims; combined ratio 104.5%
Bajaj Life: Retail weighted premium +5%, VNB +40%, NBM 21.6%; PAT INR 55 Cr
Bajaj Finance: New loans +11%, AUM +26%, PAT +29%; capital raise INR 17,500 Cr approved
Bajaj Housing Finance: AUM +25%, PAT +18%, strong asset quality
Emerging businesses: Bajaj Finserv Health revenue declined due to RBI circulars; Bajaj Markets revenue +45%, AMC AUM +24%
Management expects Ind AS transition for insurance from April 1, 2027; regulatory reforms may impact commissions but business fundamentals remain strong