Bajaj Finserv posts record income, recommends dividend, expands ESOP

Bajaj Finserv (BSE: 532978) reported record consolidated total income of INR 133,822 crore and profit after tax of INR 8,872 crore for FY25, driven by robust performance across its finance and insurance businesses. The Board of Directors has recommended a dividend of Re. 1 per equity share, subject to shareholder approval, with a record date fixed as Friday, 27 June 2025. In addition, the board approved the issuance of 1,151,123 equity shares to the Bajaj Finserv ESOP Trust under its employee stock option scheme, with the shares ranking pari passu with existing equity shares. Bajaj Finance's customer franchise surpassed 100 million, with consolidated assets under management crossing INR 400,000 crore. BFS has signed share purchase agreements to acquire the 26% stake in each of BAGIC and BALIC, increasing the group’s ownership to 100%. These acquisitions are subject to regulatory approvals. Additionally, Bajaj Housing Finance IPO concluded, raising INR 6,560 crore, reducing BFL’s stake in BHFL to 88.75%. Bajaj Finserv Health has entered hospitalisation claims management through the acquisition of Vidal Healthcare Services.