Bajaj Finserv posts record quarterly profit, buys Allianz stakes

Bajaj Finserv reported consolidated profit after tax of INR 2,789 crores for Q1 FY26, up 30% and marking an all-time high quarterly result. Total income rose 13% to INR 35,451 crores.

The company acquired a 26% equity stake in both Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from Allianz SE, with regulatory approvals received.

Bajaj Finance saw net income rise 21% to INR 12,610 crores and profit grow 22% to INR 4,765 crores. Asset management unit's assets under management surged 107% year-on-year to INR 25,011 crores.