Interim report
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https://www.aboutbajajfinserv.com/about-us Registered Office: 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7150 5700 | Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 | Email ID: investors@bajajfinserv.in 3 November 2026 To Corporate Relations Department. BSE Limited 1st Floor, New Trading Ring, Rotunda Building, P J Tower, Dalal Street, Fort, Mumbai 400 001 To Corporate Listing Department. National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No.C-1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051 BSE Code: 532978 NSE Code: BAJAJFINSV Dear Sir/Madam, Sub.: Outcome of Meeting of the Board of Directors In terms of provisions of Regulation 30 read with Part A of Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “SEBI Listing Regulations”) as amended, this is to inform you that the Board of Directors of the Company, at its meeting held today, i.e., 3 November 2026, approved the unaudited standalone and consolidated financial results of the Company prepared as per Indian Accounting Standards (Ind AS) for the quarter and half year ended 30 September 2026. A copy of the aforesaid unaudited standalone and consolidated financial results along with limited review reports and press release are enclosed herewith. The limited review reports are submitted with unmodified opinion(s) (free from any qualifications). The Board meeting today commenced at 10:30 a.m. IST and concluded at 12:40 p.m. IST. We request you to kindly take this on record. Thanking you, FOR BAJAJ FINSERV LIMITED UMA SHENDE COMPANY SECRETARY Email ID: investors@bajajfinserv.in Encl.: As above Page 1 of 1
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kkc & associates Up Chartered Accountants (formerly Khimji Kunverji & Co LLP) Independent Auditor's Review Report on unaudited standalone financial results for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 of Bajaj Finserv Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Bajaj Finserv Limited Introduction 1. We have reviewed the accompanying statement of unaudited standalone financial results of Bajaj Finserv Limited ('th e Company') for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ('the Statement'), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulations'). We have initialed the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors of the Company, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34 'Interim Financial Reporting' specified in section 133 of the Companies Act, 2013 ('the Act'), read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India ('the ICAI'). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Conclusion 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS, specified under Section 133 of the Act as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For KKC & Associates LLP, Chartered Accountants (formerly Khimji Kunverji & Co LLP) Firm Registration Number: 105146W/W100621 Hasmukh B Dedhia Partner ICAI Membership No: 33494 UDIN: .Uo3i +-,+-P~PTx~, Place: Mumbai Date: 3 November 2026 Sunshine Tower, Level 19, Senapati Ba pat Marg, Elphinstone Road, Mumbai 400013, India T: +9122 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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gF .. 5~"1 Bajaj Finserv Limited CIN : L65923PN2007PLC130075 Registered Office : 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014 Website : www.aboutbajajfinserv.com/about-us; E-mail ID : investors@bajajfinserv.in; Telephone : +91 20 7150 5700 Statement of unaudited standalone financial results (Statement of Profit and Loss) for the quarter and half year ended 30 September 2026 ({ In Crore) Particulars Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 3 0.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (U naudited) (Unaudited) (Unaudited) (Audited) 1 Income Interest income 74.69 34.86 54.93 109.55 95.04 190.42 Dividend income 1,916.19 1,488.27 1,405.21 3,404.46 1,788.45 1,788.45 Rental income 1.29 1.29 1.21 2.58 2.41 4.95 Windp'ower income 10.68 6.21 9.88 16.89 17.46 23.97 Net gain on fair value changes 2.81 2.97 1.28 5.78 3.52 8.44 T qtal revenue from operations 2,005.66 1,533.60 1,472.51 3,539.26 1,906.88 2,016.23 Other income 41.49 8.30 8.77 49.79 28.68 60.59 Total Income 2,047.15 1,541.90 1 ,481.28 3,589.05 1,935.56 2 ,076.82 2 Expenses Employee benefits expenses 66.86 6006 54.16 126.92 100.98 203.12 Depreciation; amortisation and impairment 17.85 -13.39 1.35 31 .24 2.66 5.60 Other expenses 40.31 42.94 22.54 83.25 39.57 87.03 Total expenses 125.02 116.39 78.05 241 .41 143.21 295.75 3 Profit before tax (1 -2) 1,922.1 3 1 ,425.51 1,403.23 3,347.64 1,792.35 1,781 .07 4 Tax expense Current tax 470.40. 293.75 318.39 764.15 418.09 416.71 Deferred tax 13.34 14.16 (0.34) 27.50 (0.63) 0.01 Tax credit pertaining to earlier year (See note 6) (20.14) (20.14) (40.21) (67.38) Total tax expense 463.60 307.91 318 05 771 .51 377.25 349.34 5 Profit after tax (3-4) 1,458.53 1,117.60 1,085.18 2,576.13 1,415.10 1 ,431 .73 6 Other comprehensive income (a) Items that will not be reclassified to profit or loss Remeasurement gains/(losses) of defined benefit plans (1 .59) (1.59) (115) (3.18) (2.31) (5.53) Tax impact on above 0.40 0.40 0.29 0.80 0.58 1.40 (b) Items that will be reclassified to profit or loss Other comprehensive income, net of tax (1.19) (1.19) (0.86) (2.38) (1.73) (4.13) 7 Total comprehensive income (5+6) 1,457.34 1,116.41 1,084.32 2,573.75 1,413.37 1,427.60 8 Paid-up equity share capital (Face value of { 1) 16002 159.87 159.71 160.02 159.71 159.87 9 Other equity 12,741.78 9,835.61 10,021.53 10 Earnings per share(~) (not annualised) Basic 9.1 1 6.99 6.79 16.09 8.86 8.96 Diluted 9.06 6.95 6.73 15.99 8.78 8.91 Page 1 of 10
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Notes: 1. Disclosure of standalone assets and liabilities (Balance Sheet) as per Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 as at 30 September 2026 - (~ In Crore) Particulars As at As at As at 30.09.2026 30.09.2025 31 .03.2026 (Unaudited (Unaudited (Audited' A Assets 1 Financial assets Cash and cash equivalents 29.14 6.34 7.31 Bank balances other than cash and cash equivalents 1.54 1.27 1.13 Trade receivables 4.20 3.14 0.75 Investment in subsidiaries and joint venture 7,641 .34 6,073.40 7,261 .33 .Other investments 4,692.42 3,484.13 2,392.51 Other financial assets 35.79 80.42 35.03 Sub-total - Financial assets 12,404.43 9,648.70 9,698.06 2 Non-financial assets Current tax assets (net) 54.40 10.38 54.40 Investment property 4.64 4.77 4.72 Property, plant and equipment 801 .86 121 .56 121 .92 Capital work-in-progress 14.39 5.95 12.86 Other non-financial assets 43.58 431 .55 457.71 Sub-total - Non-financial assets 918.87 574.21 651.61 Total -Assets 13,323.30 · 10,222.91 10,349.67 B Liabilities and equity 1 Financial liabilities Trade payables Total outstanding dues of micro enterprises and small enterprises - - - Total outstanding dues of creditors other than micro enterprises and small enterprises 4:23 7.08 2.70 Other financial liabilities 51 .85 42.71 69.22 Sub-total - Financial liabilities 56.08 49.79 71.92 2 Non-financial liabilities Current tax liabilities (net) 302.31 152.21 70.26 Deferred tax liabilities (net) 27.38 0.85 0.67 Provisions 24.29 18.25 18.26 Other non-financial liabilities 11.44 ·' 6.49 7.16 Sub-total - Non-financial liabilities 365.42. 177.80 96.35 3 Equity , Equity share capital 160:02 159.71 159.87 Other equity 12,741.78 9,835.61 10,021.53 Sub-total - Equity 12,901.80 9,995.32 10,181.40 Total - Liabilities and Equity 13,323.30 10,222.91 10,349.67 Page 2 of 10
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Notes (contd) : 2. Disclosure of standalone statement of cash fiows as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 30 September 2026 - (~ In Crore) Particulars Half year ended Year ended 30.09.2026 30.09.2025 31 .03.2026 (Unaudited) (Unaudited) (Audited) I. Operating activities Profit before tax 3,347.64 1,792.35 1,781.07 Adjustments to reconcile profit before tax to net cash flows: Depreciation, amortisation and impairment 31 .24 2.66 5.60 Share based payments to employees 19.23 12.84 22.58 Loss on sale of property, plant and equipment 0.02 - 0.26 Surplus on sale of property, plant and equipment (0.13) (0.01) (0.06) Profit on sale of investments, net (5.78) (3.52) (8.44) Interest on income tax refund - - (25.84) Amortisation of premium/discount on acquisition of debt securities (72.71' (37.05) (87.21) 3,319.51 1,767.27 1,687.96 Change in assets and liabilities (lncrease)/decrease in trade receivables (3.45) (1 .97) 0.42 (lncrease)/decrease in loans and other assets (0.27) (26.57) (7.13) (lncrease)/decrease in other bank balances (0.41) (0.39) (0.25) lncrease/(decrease) in liabilities and provisions (9.12) (15.09) 4.65 Reimbursement of share based payments 159.87 207.94 207.68 (Purchase)/ sale of money market mutual funds, etc., net (1.43) 40.47 36.43 Net cash flow from operating activities before income-tax 3,464.70 1,971 .66 1,929.76 Income-tax refund for earlier years (net) 16.52 41.46 100.48 Income-tax paid (528.48) (289.63' (420.22 Net cash flow from operating activities 2,952.74 1,723.49 1,610.02 II. Investing activities Purchase of property, plant and equipment including capital advances (299.38) (51.63) (63.63) Sale proceeds of property, plant and equipment 0.47 0.05 1.49 Investment in subsidiaries (380.00) (329.50) (1 ,517.44) Sale of investments 2,067.14 1,240.73 4,313.12 Purchase of investments (4,287.10) (2,584.52) (4,506.19) (Investment in)/Realisation from treasury shares by ESOP trust . 11 .56 10.98 51 .97 Net cash used in investing activities (2,887.31) (1,713.89' (1,720.68' Ill. Financing activities Dividend paid (239.67) (159.38) (159.53) Issue of equity share capital (including securities premium) 196.07 138.08 259.46 Net cash used in financing activities (43.60) (21.30) 99.93 Net change in cash and cash equivalents 21.83 (11.70) (10.73) Cash and cash equivalents as at the beginning of the period 7.31 18.04 18.04 Cash and cash equivalents as at the end of the period 29.14 6.34 7.31 Page 3 of 10
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Notes (contd) : 3. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 3 November 2026 and subjected to limited review by statutory auditors, pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These financial results have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India. These financial results are available on the website of the Company viz. www.aboutbajajfinserv.com/about-us and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 4. On 6 August 2026, the Allotment Committee allotted 1,511 ,358 equity shares of face value of~ 1 each to Bajaj Finserv ESOP Trust under Bajaj Finserv Limited Employee Stock Option Scheme. The shares were listed on BSE Limited and National Stock Exchange of India Limited w.e.f. 12 August 2026. 5. The Company has .expressed an intent to subscribe to Preferential Issue (Pl) of Bajaj Finance Ltd. up to an amount not exceeding ~ 5,800 crore subject to finalisation of terms and conditions for the proposed issue and other considerations. The above proposal is subject to necessary regulatory/statutory approvals as may be required. 6. The Company re-assessed provision for tax for the year ended 31 March 2026 and wrote back provision for tax amounting ~ 20.14 crore during the half year ended 30 September 2026 on account of deduction available under section 80M of the Income Tax Act 1961 (corresponding half year ended 30 September 2025 ~40.21 crore). 7. Figures for previous year / period have been regrouped wherever necessary. Pune 3 November 2026 Page 4 of 10 By order of the Board of Directors F B • • Fi. erv Limited / 0 ~ aj Chairman & Managing Director DIN: 00014615
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kkc & associates lip Chartered Accountan ts (formerly Khimji Kunverji & Co LLP) Independent Auditor's Review Report on unaudited consolidated financial results for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 of Bajaj Finserv Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To the Board of Directors of Bajaj Finserv Limited Introduction 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Bajaj Finserv Limited ('the Parent' or 'the Company') and its subsidiaries (the Parent and its subsidiaries together referred to as 'the Group') and its share of the net profit after tax and tota l compreh ensive incom e of its associates for the quarter ended 30 September 2026 and year to date results for the period from 1 April 2026 to 30 September 2026 ('the Statement '), being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). We have initialed the Statement for identification purpose only. 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ('Ind AS') 34 'Interim Financial Reporting' prescribed under section 133 of the Companies Act, 2013 ('the Act'), read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SRE') 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India ('the ICAI'). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters , that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, as amended, to the extent ~pplicable. 4. The Statement includes the result of the following entities: Name of the Entity Relationship Bajaj Finserv Limited Parent Bajaj Finance Limited Subsidiary Bajaj General Insurance Limited Subsidiary (formerly known as Bajaj Allianz General Insurance Company Limited) Bajaj Life Insurance Limited Subsidiary (formerly known as Bajaj Allianz Life Insurance Company Limited) Bajaj Finserv Direct Limited Subsidiary Bajaj Finserv Health Limited Subsidiary Bajaj Asset Management Limited Subsidiary (formerly known as Bajaj Finserv Asset Management Limited) Bajaj Mutual Fund Trustee Limited Subsidiary -(formerly known as Bajaj Finserv Mutual Fund Trustee Limited) ~c.d'tr.~ Bajaj Finserv Ventures Limited Subsidiary //~~~, Bajaj Alternate Investment Management Limited Subsidiary j Oc1/Ch~d ,ui \ Bajaj AIF Trustee Limited Subsidiary I O~\t."""'"'U"'"'"~ J.' ) ::::: I ~?'.......__,,, v~ Sunshine Tower Level 19 Sena ati Ba at Mar El hinstone Road p p g, p Mumbai 400013 India """"- ... ~-- T: +9122 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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kkc & associates llp Chartered Accountants (formerly Khimji Kunverji & Co LLP) Name of the Entity Bajaj Financial Distributors Limited (Formerly known as Bajaj Allianz Financial Distributors Limited) Bajaj Housing Finance Limited Bajaj Financial Securities Limited Relationship Subsidiary Subsidiary of Bajaj Finance Limited Subsidiary of Bajaj Finance Limited Bajaj Technology Services Inc. Subsidiary of Bajaj Finserv Direct Limited Vidal Healthcare Services Private Limited Subsidiary of Bajaj Finserv Health Limited VH Medcare Private Limited Subsidiary of Vidal Healthcare Services Private Limited Vidal Health Insurance TPA Private Limited Subsidiary of Vidal Healthcare Services Private Limited VH International LLC Subsidiary of Vidal Healthcare Services Private Limited Snapwork Technologies Private Limited Associate of Bajaj Finance Limited Pennant Technologies Private Limited Associate of Bajaj Finance Limited Bajaj Staffing Solutions Limited Subsidiary of Bajaj Financial Distributors (Formerly known as Bajaj Allianz Staffing Solutions limited) Limited (Formerly known as Bajaj Allianz Financial Distributors Limited) Conclusion 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 9 below , nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognit ion and measurement principles laid down in Ind AS specified under Section 133 of the Act as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any mater ial misstatement. Othe r Matter s 6. The following other matter paragraph has been included in the report of Bajaj Life Insurance Limited (formerly known as Bajaj Allianz Life Insurance Company Limited) ('Bajaj Life'), a subsidiary, issued by its auditor vide their review report dated 23 October 2026: a. The actuarial valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists. The actuarial valuation of these liabilities has been duly certified by the Appointed Actuary and in his opinion , the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority of India ('IRDAI') and the Institute of Actuaries of India in concurrence with the IRDAI; b. Other adjustments and judgements, for the purpose of Consolidation confirmed by the Appointed Actuary in accordance with Indian Accounting Standard 104 - Insurance Contracts are as under: i. Assessment of contractual liabilities based on classificat ion of contracts into insurance contracts and investment contracts; ii. Valuation and classification of Deferred Acquisition Cost and Deferred Origination Fees, if any; iii. Grossing up and classification of the Reinsurance Assets and Policy Liabilities ; and iv. Liability Adequacy test as at the reporting dates. Auditors of Bajaj Life have relied upon the Appointed Actuary's Certificate and management 's representation in this regard for forming the ir conclusion on the aforesaid mentioned items. Our conclusion on the Statement is not modified in respect of the above matter . Sunshine Tower, Level 19, Senapati Ba pat Marg, Elphinstone Road, Mumbai 400013, India T: +91 22 6143 7333 E: info@kkcllp.in W: www.kkcllp.in LLPIN: AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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kkc & associates lip Chartered Accountants (formerly Khimji Kunverji & Co LLP) 7. The actuarial valuation of liabilities for Claims Incurred but Not Reported ('IBNR') and Claims Incurred But Not Enough Reported {'IBNER') and Premium Deficiency Reserve {'PDR') is the responsibility of Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited) ('Bajaj General') Appointed Actuary . The actuarial valuation of these liabilities as at 30 September 2026 has been duly certified by the Appointed Actuary . The Appointed Actuary has also certified that in his opinion, the assumptions for such valuation are in accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority of India ('IRDAI') and the Institute of Actuaries of India in concurrence with IRDAI, Ind AS 104 'Insurance Contracts ', and Ind AS 109 'Financial Instruments' . We have relied upon the Appointed Actuary's certificate in this regard for forming our conclusion. Ou r conclu sion on the Stateme nt is not modifi ed in respect of th e above matter. 8. We did not review the financial results of four subsidiaries included in the Statement, whose financial results, reflect total assets of Rs. 7,91,432.46 crores as at 30 September 2026, reflect total revenues of Rs. 33,877.51 crores and Rs. 67,260.04 crores (before consolidation adjustments), total net profit after tax of Rs. 6,344.10 crores and Rs. 12,596.96 crores (before consolidation adjustments), total comprehensive income of Rs. 4,705.24 crores and Rs. 12,453.18 crores (before consolidation adjustments) for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and net cash outflow of Rs. 1,860.19 crores for the period from 1 April 2026 to 30 September 2026 as considered in the Statement. These financial results have been reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion on these financial results, have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. 9. The Statement includes the financial information of fourteen subsidiaries which have not been reviewed by their auditors , whose financial information reflect total assets of Rs. 2,344.40 crores as at 30 September 2026, reflect total revenue of Rs. 357.07 crores and Rs. 745.05 crores (before consolidation adjustments), total loss of Rs.143.79 crores and 279.12 crores (before consolidation adjustments) , total comprehensive loss of Rs. 143.57 crores and Rs. 278.85 crores (before consolidation adjustments) for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and net cash outflow of Rs. 48.17 crores for the period from 1 April 2026 to 30 September 2026 as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 3.73 crores and Rs. 8.84 crores and total comprehensive income of Rs. 3.73 crores and Rs. 8.75 crores for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively , as considered in the Statement, in respect of two associates, based on their financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matters. For KKC & Associates LLP Chartered Accountants (formerly Khimji Kunverj i & Co LLP) Firm Registration Number: 105146W/W100621 Hasmukh B Dedhia Partner ICAI Membership No.: 33494 UDIN: ~t).3g+c; +-PUP-1'-SA I\ ,, Place: Mumbai Date: 3 November 2026 Sunshine Tower, Level 19, Senapati Bapat Marg, Elphinstone Road, Mumbai 400013, India T: +9122 6143 7333 E: info@kkcllp.in W : www.kkcllp.in LLPIN: AAP-2267 Suite 52, Bombay Mutual Building, Sir Phirozshah Mehta Road, Fort, Mumbai 400001, India
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IIFINSE~V Bajaj Finserv Limited CIN : L65923PN2007PLC130075 Registered Office: 6th Floor, Bajaj Finserv House, Off Pune -Ahmednagar Road, Viman Nagar, Pune . 411 014 Website: www.aboutbajajfinserv.com/about-us; E-mail ID : investors@bajajfinserv.in; Telephone: +91207150 5700 Statement of unaudited consolidated financial results (Statement of Profit and Loss) for the quarter and half year ended 30 September 2026 Particulars 1 Income Interest income Dividend income Rental income Fees and commission income Net gain/(loss) on !air value change Sale o( energy generated and services Premium and other operating income from insurance business Others Total revenue from operations Other income Total income 2 E xpenses Employee benefits expenses Finance costs Fees and commission expense Impairment of financial instruments - lending assets Impairment of financial instruments • investments Claims paid Reinsurance ceded Net change in insurance I investment contract liabilities Depreciation, amortisation and impairment Other expenses Total expenses 3 Profit before exceptional item and tax (1-2) 4 Exceptional item Charge of New Labour Codes 5 Share of profiU(loss) of joint venture and associates 6 Profit before tax (3-4+5) 7 Tax expense Current tax Deferred tax Tax credit pertaining to earlier year Total tax expense 8 Profit after tax (6-7) 9 Other comprehensive income (a) Items that will not be reclassified to profit or loss Remeasurement gains/(losses) of defined benefit plans Tax impact on above Changes in fair value of equity instruments carried at FVTOCI Tax impact on above (b) Items that will be reclassified to profit or loss Changes in fair value of debt securities carried at FVTOCI Tax impact on above Derivative instruments in cash flow hedge relationship Tax impact on above Cost of hedging reserve Tax impact on above Change in foreign currency translation reserve Other comprehensive income, net of tax 10 Total comprehensive income (8+9) 11 Profit attributable to: Owners of the company Non-controlling interests 12 Other comprehensive income attributable to: Owners of the company Non-controlling interests 13 Total comprehensive income attributable to: Owners of the company Non-controlling interests 14 Paid-up equity share capital (Face value of ~ 1) j ..,.. Ather..equity ~~ f~t;< share(f)(notannualised) ~~t, _;i . ,~ccountants :::: / ;:I, 't, * 30.09.2026 (Unaudited) 23,824.03 75.91 0.99 1,791.09 (1 ,384.45) 162.58 18,530.63 414.87 43,415.65 43,415.65 4,056.90 8,482.91 2,806.48 2,166.10 (70.61) 7,444.49 3,854.84 3,426.13 422.71 2,221.85 34,811.80 8,603.85 3.73 8,607.58 2,781.34 (105.21) 12056) 2,655.57 5,952.01 27.41 (5.49) (218.15) 45.27 (1 ,906.47) 355.84 (320.37) 28.40 12.20 4.41 (1 ,976.95) 3,975.06 2,757.66 3,194.35 (1 ,516.60) (460.35) 1,241.06 2,734.00 160.02 17.22 17.12 Page 5 or 10 Quarter ended 30.06.2026 (Unaudited) 22,362.01 102.36 1.03 2,062.58 2,051.68 224.02 14,866.41 366.81 42,036.90 42,036.90 3,844.85 7,833.85 2,925.78 1,993.43 (0.73) 6,079.72 3,184.92 4,865.97 379.68 2,002.35 33, 109,82 8,927.08 5.11 8,932.19 2,879.22 (243.70) 2,635.52 6,296.67 (33.66) 6.42 221.61 (48.77) 1,61 1.91 (293.43) 558.78 (80.24) (16.51) 11.56 (0.11) 1,937.56 8,234.23 3,132.35 3,164.32 1,447.99 489.57 4,580.34 3,653.89 159.87 19.60 19.49 30,09,2025 (Unaudited) 19,598.69 44.76 0.15 1,551.98 (620.78) 254.34 15,936.18 449.24 37,214.56 37,214,56 3,385.54 6,901.33 2,610.17 2,080.38 8.19 6,847.75 3,561.71 2,859.38 327.19 1,810.99 30,392.63 6,821.93 3.20 6,825.13 2,023.17 55.73 /0.24' 2,078.66 4,746.47 (48.59) 12.34 (86.56) 24.40 (1 ,024.72) 206.17 (647.41) 104.13 0.93 2.49 (1,456.82) 3,289.65 2,244.10 2,502.37 (1,034.73) (422.09) 1,209.37 2,080.28 159.71 14,05 13,92 Half year ended 30,09,2026 30.09.2025 (Unaudited) (Unaudited) 46,186.04 178.27 2.02 3,853.67 667.23 386.60 33,397.04 781.68 85,452.55 85,452.55 7,901.75 16,316.76 5,732.26 4,159.53 (71.34) 13,524.21 7,039.76 8,292.10 802.39 4,224.20 67,921.62 17,530.93 8.84 17,539.77 5,660.56 (348.91) (20.56) 5,291.09 12,248.68 (6.25) 0.93 3.46 (3.50) (294 56) 62.41 238.41 (51.84) (4.31) 15.97 (0.11) (39.39) 12,209.29 5,890.01 6,358.67 (68.61) 29.22 5,821.40 6,387.89 160.02 83,814.40 36.79 36,57 38,488.43 98.26 1.76 3,201.02 655.83 487.60 28,740.33 829.09 72,502.32 12.26 72 514,58 6,579.32 13,708.43 4,994.56 4,049.27 0.73 12,486.52 6,657.13 5,900.46 644.52 3,468.69 58,489.63 14,024.95 3.82 14,028.77 4,171.93 (178.35) (40.45) 3,953.13 10,075.64 (80.72) 18.23 52.65 (2.44) (1 ,50509) 253.65 (641.74) 103.80 9.97 2.52 (1,789.17) 8,286.47 5,033.15 5,042.49 (1 ,300.83) (488.34) 3,732.32 4,554.15 159.71 76,330.67 31.51 31 .22 (~ In Crore) Year ended 31 ,03,2026 (Audited) 79,955.95 218.63 2.07 6,797.78 (1 ,824.08) 1,013.17 63,134.10 1,206.15 1,50,503.77 26.61 1,50,530,38 14,122.17 28,231.78 10,732.35 9,389.88 90.11 26,731.23 13,126.59 12,027.11 1,291.36 7,541.62 1,23,284,20 27,246.18 379.49 16.46 26,883.15 7,844.21 (560.76) (69.77) 7,213.68 19,669.47 33.16 (5.76) (311.05) 83.68 (3,326.67) 630.82 (1 ,558.37) 196.52 14.84 7.72 0.22 (4,234.89) 15,434.58 9,800.97 9,868.50 (3,135.19) (1 ,099.70) 6,665.78 8,768.80 159.87 77,754.66 61 ,33 60,97
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Segment-wise revenue, results and capital employed (a! In Crore) Particulars Quarter ended Half year ended Year ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment revenue Insurance Gross written premium Life insurance 10,276.59 7,398.84 8,365.85 17,675.43 13,844.13 32,896.91 General insurance 7,055.68 5,789.20 6,413.12 12,844.88 11 ,614.63 23,325.84 17,332.27 13,188.04 14,778.97 30,520.31 25,458.76 56,222.75 Less: Premium for investment contracts of life insurance 1,327.90 487.87 989.09 1,815.77 1,131.24 2,128.90 Reserve for unexpired risk of general insurance 492.02 105.55 601 .72 597.57 594.20 1,282.13 15,512.35 12,594.62 13,188.16 28,106.97 23,733.32 52,811 .72 Investment and other income (excluding accretions to unit linked holders) 3,780.11 6,613.48 4,106.77 10,393.59 9,576.87 16,048.24 Insurance total 19,292.46 19,208.10 17 ,294.93 38,500.56 33,310.19 68,859.96 Investments and others 2,393.54 1,923.67 1,860.41 4,317.21 2,656.64 3,619.47 Retail financing 24,575.83 23,166.41 19,992.39 47,742.24 39,368.81 81,989.50 Windmill 10.68 6.21 9.88 16.89 17.46 23.97 46,272.51 44,304.39 39,157.61 90,576.90 75,353.10 154,492.90 Less : Inter-segment revenue 2,856.86 2,267.49 1,943.05 5,124.35 2,838.52 3,962.52 Total 43,415.65 42,036.90 37,214.56 85,452.55 72,514.58 150,530.38 2 Segment profit before tax Insurance Life insurance 437.31 459.95 (3.30) 897.26 144.80 196.87 General insurance 360.85 649.48 511.04 1,010.33 1,271.77 1,974.85 Insurance total 798.16 1,109.43 507.74 1,907.59 1,416.57 2,171.72 Investments and others (352.56) (295.33) (226.83) (647.89) (423.28) (902.56) Retail financing 8,153.85 8,114.93 6,537.04 16,268.78 13,023.97 25,601.49 Windmill 8.13 3.16 7.18 11.29 11 .51 12.50 Total profit before tax 8,607.58 8,932.19 6,825.13 17,539.77 14,028.77 26,883.1 5 3 Capital employed Segment assets Insurance Life insurance 146,100.49 144:591.12 134,825.86 146,100.49 134,825.86 134,490.68 General insurance 64,386.14 60,333.87 57,577.41 64,386.14 57,577.41 59,490.83 Insurance total 210,486.63 204,924.99 192,403.27 210,486.63 192,403.27 193,981.51 Investments and others 6,431.23 5,822.50 4,788.36 6,431.23 4,788.36 3,996.16 Retail financing 637,335.64 599,960.92 508,890.37 637,335.64 508,890.37 558,381.59 Windmill 35.32 33.31 34.26 35.32 34.26 32.80 Unallocable 54.40 54.40 10.38 54.40 10.38 54.40 Subtotal 854,343.22 810,796.1 2 706,126.64 854,343.22 706,126.64 756,446.46 Segment liabilities Insurance Life insurance 143,736.34 140,369.86 127,903.23 143,736.34 127,903.23 131,390.44 General insurance 55,243.14 50,802.00 45,081.07 55,243.14 45,081 .07 49,045.76 Insurance total 198,979.48 191,171.86 172,984.30 198,979.48 172,984.30 180,436.20 Investments and others 1,038.38 1,161.77 802.28 1,038.38 802.28 944.55 Retail financing 11,088.74 8,935.28 6,938.68 11,088.74 6,938.68 7,830.23 Windmill 0.03 0.01 0.61 0.03 0.61 0.69 Unallocable 302.31 209.34 152.21 302.31 152.21 70.26 Subtotal 21 1,408.94 201,478.26 180,878.08 211,408.94 180,878.08 189,281.93 Capital employed Insurance Life insurance 2,364.15 4,221.26 6,922.63 2,364.15 6,922.63 3,100.24 General insurance 9,143.00 9,531.87 12,496.34 9,143.00 12,496.34 10,445.07 Insurance total 11,507.15 13,753.13 19,418.97 11,507.15 19,418.97 13,545.31 Investments and others 5,392.85 4,660.73 3,986.08 5,392.85 3,986.08 3,051.61 Retail financing 626,246.90 591,025.64 501 ,951 .69 626,246.90 • 501,951.69 550,551.36 Windmill 35.29 33.30 33.65 35.29 33.65 32.11 Unallocable (247.91) (154.94) (141.83) (247.91) (141.83) (15.86) Total 642,934.28 609,317.86 525,248.56 642,934.28 525,248.56 567,164.53 Page 6 of 10
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Notes: 1. The consolidated financial results include results of the followinn comoanies: Name of the company 1 % shareholding and Segment Consolidated as voting power of Bajaj Finserv Limited (a) Bajaj Life Insurance Limited 77.33% Insurance - life Subsidiary (formerly known as Bajaj Allianz life Insurance Company Limited) (b) Bajaj General Insurance Limited 77.33% Insurance - general Subsidiary (f~merly known as Bajaj Allianz General Insurance Company Limited) (c) Bajaj Finance Limited· 51.30% Retail financing Subsidiary (d) Bajaj Finserv Direct Limited' 80.10% Others Subsidiary (e) Bajaj Finserv Health Limited' 100% Others Subsidiary (0 Bajaj Finserv Ventures Limiled 100% Others Subsidiary (g) Bajaj Mutual Fund Truslee Limited 100% Others Subsidiary (formerly known as Bajaj Finserv Mutual Fund Trus!ee Limited) (h) Bajaj Asset Management Limited 100% Others Subsidiary (formerly known as Bajaj Finserv Asset Management Limited) (i) Bajaj AIF Truslee Limited 100% Others Subsidiary 0) Bajaj Alternate Investment Management Limited 100% Others Subsidiary (k) Bajaj Financial Dislributors Limned .. 100% Olhers Subsidiary ( formerly known as Bajaj Al~anz Financial Di11ribulOfS Limited ) 'The consolidated financial results of Bajaj Finance Limned (BFL, a subsidiary of lhe Company) includes 86. 70% interest in Bajaj Housing Finance Limned (BHFL) and 100% inlerest in Bajaj Financial Securilies Limited which have been accounled as subsidiaries. The consolidated financial results of BFL also include the share of ns interest in Snapwork Technologies Privale Limited and Pennant Technologies Privale Limited which have been accounted as associates. ' The remaining 19.90% shareholding is held by Bajaj Finance Limited. The consolidaled financial resulls of Bajaj Finserv Direct Limned include 100% interest in Bajaj Technology Services Inc, as a subsidiary. ' The consolidaled financial resulls of Bajaj Finserv Health Limited include 100% interest in Vidal Healthcare Services Private Limited as a subsidiary. It also includes Vidal Heallh Insurance TPA Private Limited, VH Medcare Pnvale Limited and VH lnlernalional LLC as 100% step-down subsidiaries . .. The consolidated financial results of Bajaj Financial Distributors Limited include 100% interest in Bajaj Staffing Solulions Limited (formerly known as Bajaj Allianz Staffing Solutions Limned). 2. Disclosure of consolidated assets and liabilnies (Balance Sheet) as per Regulalion 33 of the SEBI (Listing Obligations and Disclosure Requiremenls) Regulations, 2015 as at 30 September 2026 - (t lnCroreJ Particulars As at As at As at 30.09.2026 30.09.2025 31 .03.2026 (Unaudited) (Unaudited) (Audited) A Assets 1 Financial assets Cash and cash equivalents 2,729.88 2,322.73 3,598.59 Bank balances other lhan cash and cash equivalents 13,837.23 10,431.64 14,019.45 Derivalive financial inslruments 2,848.80 947.52 2,418.38 Trade receivables 9,514.90 7,937.86 9,332.08 Loans 5, 75,455.13 4,53,375.40 5,00,015.97 Investment in joint venture and associate 411.86 403.97 416.80 Shareholders' investments 49,597.09 49,472.68 47,883.10 Policyholders' investments 1,61,088.83 1,50,996.59 1,46,113.64 Other financial assets 28,332.70 20,850.92 23,093.53 Sub-total • Financial assets 8,43,816.42 6,96, 739.31 7,46,891 .54 2 Non-financial assets Currenl tax assets (net] 497.84 361.69 424.20 Deferred tax assels (net) 2,496.11 1,388.32 2,051.08 Investment property 28.06 28.72 28.40 Property, plant and equipment 3,613.17 2,643.08 2,862.66 Right-of-use asset 1,912.71 1,525.25 1,500.97 Capital work-in-progress 280.71 155.03 250.31 Intangible assets under development 175.02 303.41 71.00 Goodwill on consolidation 802.84 802.84 802.84 Other intangible assets 1,442.63 1,244.78 1,534.20 Other non-financial assets 1,773.82 2,322.53 2,080.34 Sub-total • Non-financial assets 13 022.91 10,775.65 11 ,606.00 Total • Assets 8,56,839.33 7,07,514.96 7,58,497.54 B Liabilities and equity 1 Financial liabilities Trade payables Total outstanding dues of micro enterprises and small enterprises 9.31 6.20 29.03 Total outstanding dues of crednors other than m,:ro enterprises and small enterprises 10,071.39 7,870.44 9,023.09 Olher payables Total outstanding dues of micro enterprises and small enterprises 2.17 3.26 0.33 Total outstanding dues of creditors other than micro enterprises and small enterprises 3,027.80 2,103.44 2,440.86 Derivative financial instruments 1,838.02 845.80 1,557.94 Debt securities 2,36,886.15 1,80,658.17 1,86,264.24 Borrowings 1,86,672.41 1,37, 189.38 1,70,642.53 Deposils 69,753.70 69,765.81 68,535.45 Subordinated debts 724.82 3,013.25 2,805.31 Insurance contracts liabilities 1,62,787.54 1,44, 112.02 1,47,817.93 Investment contracts liabilities 14,793.64 13,746.67 13,336.99 Lease liabilities 2,095.07 1,574.99 1,666.43 Other financial liabilities 6,004.32 2,946.88 4,200.79 Sub-total• Financial liabilities 6,94,666.34 5,63,836.31 6,08,320.92 2 Non-financial liabilities Current tax liabilnies (net) 1,728.05 1,416.29 628.82 Deferred tax liabilities (net) 27.39 269.06 2.80 Provisions 1,296.11 782.25 1,018.30 Other non-financial liabilities 7,755.52 5,469.84 7,561.42 Sub-total - Non-financial liabilities 10,807.07 7,937.44 9,211.34 3 Equity Equity share capital 160.02 159.71 159.87 Other equity 83,814.40 76,330.67 77,754.66 Equity attributable to owners of the Company 83,974.42 76,490.38 77,914.53 Non-controlling interest 67,391.50 59,250.83 63,050.75 Sub-total - Total equity 1,51,365.92 1,35,741 .21 1,40,965.28 Total - Liabilities and Equity 8,56,839.33 7,07,514.96 7,58,497.54 Page 7 of 10
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Notes (contd) : 3. Disclosure of consolidated statement of cash flows as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 30 September 2026 - (~ In Crore) Particulars Half year ended Year ended 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited) I. Operating activities Profit before tax 17,539.77 14,028.77 26,883.15 Adjustments to reconcile profit before tax to net cash flows: Interest income (46,186.04) (38,488.43) (79,955.95) Dividend income (178.27) (98.26) (218.63) Rental income (2.02) (1.76) (2.07) Unwinding of discount on security deposit (1.10) (0.52) (2.07) Realised gain on sale of investment (183.85) (377.94) (450.04) Depreciation and amortisation 802.39 644.52 1,291.36 $hare of (profit)/loss of joint venture/associates (8.84) (3.82) (16.46) Impairment on financial instruments 4,088.19 4,389.69 9,479.99 Net (gain)/loss on disposal of property, plant and equipment 4.25 6.29 16.49 Finance costs 16,316.76 13,708.43 28,231.78 Share based payment to employees 282.72 289.68 631.79 Net gain on financial instruments at fair value through profit or loss (667.23) (655.83) 1,824.08 Interest from loans ( other than financing activity) (66.76) (43.54) (95.32) Remeasurement gain/(loss) on defined benefit plans 0.33 (0.44) 0.66 Service fees for management of assigned portfolio of loans (9.25) (13.03) (15.71) Provision for doubtful debts 4.55 4.16 3.65 Income on derecognised (assigned) loans (97.38) (284.97) (465.46) Interest received on income tax refund - - (25.66 (8,361.78) (6,897.00) (12,884.42) Cash inflow from servicing and interest spread on assigned loans 19.79 66.10 51.39 Cash inflow from interest on investments 1,119.18 1,437.62 2,947.54 Cash inflow from interest on loans under financing activity 41 ,273.72 33,877.36 70,393.75 Cash outflow towards finance cost (16,280.62) (11 ,782.05) (25,946.79) Cash from operation before working capital changes 17,770.29 16,702.03 34,561.47 Working capital changes (Increase)/ decrease in bank balances other than cash and cash equivalents 335.00 (556.43) (4,124.26) (Increase)/ decrease in trade receivables (164.18) 412.93 (1 ,298.52) (Increase)/ decrease in loans (80,529.06) (49,536.14) (102,868.10) (Increase)/ decrease in investments classified as FVTPL (2,913.53) 3,132.07 6,212.53 (Increase)/ decrease in other financial assets (571.25) (194.64) 1,010.93 (Increase)/ decrease in other non-financial assets (319.47) (185.11) 1605 (Increase)/ decrease re-insurance assets (3,833.07) (1,446.17) (2,031.20) Increase/ (decrease) in derivative financial instrument (60.31) 36.86 105.12 Increase / (decrease) in trade payables 957.31 588.05 1,174.11 Increase/ (decrease) in other payables 736.63 (281.34) 885.39 Increase/ (decrease) in other financial liabilities 1,210.67 375.67 1,564.63 Increase/ (decrease) in provisions 263.41 33.39 338.76 Increase/ (decrease) in other non-financial liabilities 188.99 210.40 1,995.10 Increase/ (decrease) insurance contract liabilities 13,117.11 7,868.06 14,548.71 Net cash flow from/ (used in) from operating activities before income-tax (53,811.46) (22,840.37) (47,909.28) Income-tax paid (net of refunds) (4,662.071 (2,905.63) (7,392.13' Net cash flow from I (used in) operating activities (58,473.531 {25,746.001 {55,301 .41' Page 8 of 10
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Notes (contd) : 3. Disclosure of consolidated statement of cash flows as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended 30 September 2026 - ({ In Crore) Particulars Half year ended Year ended 30.09.2026 30.09.2025 31 .03.2026 (Unaudited) (Unaudited) (Audited) II. Investing activities Purchase of property, plant and equipment (795.34) (421.01) (1,014.29) Sale proceeds of property, plant and equipment 50.80 61.54 130.61 Purchase of intangible assets (218.68) (170.51) (433.89) Purchase of investments measured at amortised cost (107,196.39) (93:649.30) (177,937.84) Proceeds from investments measured at amortised cost 100,740.11 84,469.98 164,219.95 Expenses related to investments (3.05) (3.57) (5.94) Purchase of investments measured at FVTOCI (11 ,925.27) (23,856.22) (45,186.17) Proceeds from sale of investments measured at FVTOCI 13,900.24 21,701.37 42,979.26 Purchase of investments measured at FVTPL (7,677.14) (1 ,957.98) (2,067.07) Proceeds from sale of investments measured at FVTPL 474.66 396.66 838.42 Purchase of equity investments designated at FVTOCI (38.79) (64.72) (308.14) Loan against policies (343.11) (248.38) (574.98) Repayment of loan received 143.17 85.94 203.02 Rent / interest I dividend received 4,434.22 3,813.21 7,582.67 Fixed deposits placed during the year (292.36) (1 ,570.62) (2,443.93) Fixed deposits matured during the year 476.96 1,555.27 2,283.42 Payment for acquisition of business net of cash - - (951.94) 'Investment in)/Realisation from treasury shares by ESOP trust 11 .56 10.98 51 .97 Net cash flow from I (used in) investing activities (8,258.41' (9,847.36) (12,634.87) Ill. Financing activities Issue of equity share capital (including securities premium) 493.12 45005 698.1 9 Proceeds from dilution of stake in subsidiary (net of IPO expenses) - - 1,380.22 Share issue expenses - (96.56) (3.47) Dividends paid (2,490.14) (1,846.75) {1 ,847.69) Deposits received, net 829.09 (2,618.58) (3,761.08) Short term borrowing availed (net) 6,713.28 2,833.31 11 ,884.04 Long term borrowing availed 85,245.11 55,353.94 113,336.67 Long term borrowing repaid (26,070.36) (22,116.75) (52,123.84) Payment for buyback of equity shares - - (2,510.92) Payment of lease liability (265 26) (175.12' (441.80' Net cash flow from financing activities 64,454.84 31 ,783.54 66,610.32 Net change in cash and cash equivalents (2,277.10) (3,809.82) (1 ,325.96) Cash and cash equivalents as at the beginning of the period 7,290.24 8,616.20 8,616.20 Cash and cash equivalents as at the end of the period 5,013.14 4,806.38 7,290.24 Cash and cash equivalents as per Balance Sheet 2,729.88 2,322.73 3,598.59 Other short-term liquid investment 2,351 .1 4 2,494.70 3 ,691 .65 Temporary overdraft, units receivable and others (67.88) (1 1.05) 5,013.14 4,806.38 7,290.24 Page 9 of 10
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Notes (contd) : 4. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 3 November 2026 and subjected to limited review by statutory auditors, pursuant to regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regu_lations, 2015, as amended. These financial results have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India. These financial results are available on the website of the Company viz. www.aboutbajajfinserv.com/about-us and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 5. On 6 August 2026, the Allotment Committee allotted 1,511,358 equity shares of face value of z 1 each to Bajaj Finserv ESOP Trust under Bajaj Finserv Limited Employee Stock Option Scheme. The shares were listed on BSE Limited and National Stock Exchange of India Limited w.e.f. 12 August 2026. 6. The Board of Directors of Bajaj Finance Ltd. (BFL), at its meeting held on 1 October 2026 has approved raising of capital through a Qualified Institutions Placement (QIP) for an aggregate amount not exceeding z 1.1 ,700 crore by issue of equity shares of face value of z 1 each and Preferential Issue (Pl) of warrants convertible into equivalent number of equity shares to Bajaj Finserv Ltd., the promoter and holding Company, for an aggregate amount not exceeding z 5,800 crore in accordance with the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable laws. The above proposals are subject to regulatory/statutory approvals as may be required, including approval of the shareholders of BFL. 7. Figures for previous year / period have been regrouped wherever necessary. Pune 3 November 2026 Page 10 of 10 By order of the Board of Directors (J;Z; limited ~ jaj Chairman & Managing Director DIN: 00014615
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■ Ill FINSE'lV Press release Financial results - 02 FY27 Consolidated total income: t 43~416 crore t 17¾ Consolidated profit after tax: t 5,.952 crore t25% A meeting of the Board of Directors of Bajaj Finserv Limited (BFS) was held today to consider and approve the results for 02 FY27. Details about BFS, the businesses carried by its subsidiaries, its group structure and GAAP followed, are included at the end of this release. 1. Highlights 1 t In Crore 02 FV27 v/s 02 FV26 02 FV27 02 FV26 % Change ✓ Consolidated total income 43,416 37,215 17% ✓ Consolidated profit after tax 5,952 4,746 25% ✓ Consolidated profit after tax attributable to owners 2 2,758 2,244 23% ✓ Bajaj Finance, consolidated profit after tax 6,367 4,948 29% ✓ Bajaj General. profit after tax 420 517 ✓ Bajaj Life, net value of new business (VNB) 3 512 367 40% t In Crore H1 FV27 v/s H1 FV26 H1 FY27 H1FV26 % Change ✓ Consolidated total income 85,453 72,515 18% ✓ Consolidated profit after tax 12,249 10,076 22% ✓ Consolidated profit after tax attributable to owners 2 5,890 5,033 17% ✓ Bajaj Finance, consolidated profit after tax 12,447 9,713 28% ✓ Bajaj General, profit after tax 898 1,177 ✓ Bajaj Life, net value of new business (VNB)3 783 512 53% Notes: 1. All figures under Ind AS except for Bajaj General and Bajaj Life which are as per Indian GAAP. 2. Note on consolidated profit after tax: Under Ind AS, the insurance subsidiaries have chosen to hold a part of the equity securities portfolio as Fair Value Through Profit and Loss (FVTPL) and the balance as Fair Value Through Other Comprehensive Income (FVTOCI). This may cause temporary volatility in financial results due to unrealised mark to market (MTM) movements on the FVTPL portfolio. Further, the realised profit on FVTOCI equity portfolio is not routed through Profit and Loss Account. Accordingly, the break-up showing after-tax impact of (a) Unrealised Mark-to- market gain/loss on investments included in consolidated profit and (b) Realised gain/loss on investments classified as FVTOCI excluded in consolidated profit. is indicated in the table below, for information: BA::JA::J FINSERV LIMITED https ://ww w.aboutbajajfinserv.com/about-us Registered Office: 6th Floor. Bajaj Finserv House. Off Pune - Ahmednagar Road. Viman Nagar . Pune - 411 014, Maharashtra. Ind ia Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC1 30075 I Email ID: investors@bajajfinserv .in
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■ IIFINSE~V t In Crore Q2 Q2 YoY% H1 H1 YoY% FY27 FY26 Change FY27 FY26 Change Consolidated profit after 2,758 2,244 23% 5,890 5,033 17% tax attributable to owners (a) Unrealised MTM (gain)/loss 177 161 (5) 51 (b) Realised MTM gain/(loss) 43 44 105 booked in OCI 231 Consolidated profit after tax, excluding unrealised MTM gain/loss and including 2,978 2,449 22% 5,990 5,315 13% realised equity gains booked under OCI 3. VNB is the measure of profitability of new business written during the period and reflects the net present value of the future profits for life insurance business . Finance and insurance businesses • BFL recorded an increase of 4.42 million in customer franchise and booked 13.45 million new loans. Its quarterly consolidated profit after tax increased by 29%, while its subsidiaries, BHFL recorded a growth of 18% and BFSL a growth of 36% in profit after tax. • Bajaj General recorded growth of 10% in gross written premium to t 7,056 crore ; excluding bulky tender-driven crop and government health businesses growth was strong at 21%. • Bajaj Life recorded growth of 40% in value of new business in line with its strategy of sustainable and profitable growth . Bajaj Life commenced operations within Gift City in October 2026. Emerging businesses • Bajaj Asset Management (formerly known as Bajaj Finserv Asset Management) recorded quarterly average assets under management (AUM) oft 37,842 crore and closing AUM ~ 35,768 crore as on 30 September 2026 . • BFS continues to focus on growing its emerging businesses which include Bajaj Finserv Health, Bajaj Finserv Direct. Bajaj Asset Management and Bajaj Alternate Investment Management. Losses from these businesses for 02 FY27 were~ 144 crore, as envisaged. • Bajaj Alternate Investment Management Limited (wholly owned subsidiary of BFS) is set up to broaden the group's strategy into alternate asset classes. This Company commenced business during the quarter with its PMS business. Real Estate Fund (Category II AIF) has announced its initial closing in October 2026. • As a natural progression from our insurance experience, Bajaj Reinsurance Limited has been incorporated in October 2026 and will now seek necessary regulatory approvals. Summary of consolidated results is given in Annexure A. BA:JA:J FINSERV LIMITED http s:/ /www.aboutba jajfin serv .com/ about- us Registered Office: 6th Floor , Bajaj Finserv House. Off Pune - Ahmednagar Road. Viman Nagar, Pune - 411 014, Maharashtra. India Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 I Email ID: investors@bajajfinserv.in
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■ IIFINSE~V 2. Performance of material subsidiaries A synopsis of the quarterly performance of the individual companies is given below: A. Bajaj Finance Limited (BFL) - Consolidated - Ind AS i) Net total income for 02 FY27 increased by 23% to? 15,974 crore v/s < 12,982 crore in 02 FY26. ii) Profit after tax for 02 FY27 increased by 29% to? 6,367 crore v/s < 4,948 crore in 02 FY26. Loan losses and provisions for 02 FY27 increased by a marginal 4% to< 2,166 crore v/s < 2,080 crore in 02 FY26, including a prudent management and macro-economic provisions of< 337 crore in 02 FY27. Profit after tax of its mortgage subsidiary, BHFL, was? 757 crore in 02 FY27 v/s < 643 crore in 02 FY26 - an increase of 18%. iii) Assets Under Management (AUM) as on 30 September 2026 were? 584,624 crore v/s < 462,261 crore as on 30 September 2025 - an increase of 26%. This includes AUM of < 158,205 crore of BHFL, which recorded a growth of 25% over the AUM as on 30 September 2025. iv) Gross Non-Performing Assets (NPA) and Net NPA as on 30 September 2026 stood at 1.06% and 0.42% respectively as against 1.24% and 0.60% as on 30 September 2025. Provisioning coverage ratio on stage 3 assets was 60%. v) Capital adequacy ratio (CRAR) (including Tier-II capital) as on 30 September 2026 stood at 20.33%. The Tier-I capital was at 19.43%. For BHFL. the capital adequacy ratio (including Tier-II capital) was 21.24%. Summary of consolidated financial results of BFL is given in Annexure B and summary of standalone financial results of BHFL is given in Annexure C. On 1 October 2026, the Board of Directors of BFL has approved, subject to the approval of its shareholders, issue of securities for an aggregate amount of up to< 11,700 crore through Qualified Institutional Placement to Qualified Institutional Buyers and Preferential Issue of warrants convertible into equivalent number of equity shares to Bajaj Finserv Limited, the promoter and holding company, for an aggregate amount of up to < 5,800 crore in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act. 2013 and other applicable laws, as amended. The decision of raising additional capital is driven by various factors including strong India growth, underlying growth momentum of the Company and its subsidiaries and increasing focus on building resilience across various dimension of business. B. Bajaj General Insurance Limited - Indian GAAP (formerly known as Bajaj Allianz General Insurance Company Limited) i) Gross written premium for 02 FY27 increased by 10% to? 7,056 crore v/s < 6.413 crore in 02 FY26. Excluding tender-driven crop and government health insurance premium, gross written premium for 02 FY27 increased by 21% to? 5,636 crore from < 4,647 crore in 02 FY26. ii) Net earned premium for 02 FY27 increased by 23% to? 2,947 crore v/s < 2,404 crore in 02 FY26. iii) Claim ratio stood at 83.7% in 02 FY27 v/s 75.8% in 02 FY26. Excluding net NATCAT claims of < 75 crore and tender-driven crop and government health business, claim ratio stood at 74.2% in 02 FY27 v/s 73.9% in 02 FY26. BA:JA:J FINSERV LIMITED https://www.aboutbajajfinserv .com/about-us Registered Office: 6th Floor . Bajaj Finserv House. Off Pune - Ahmednagar Road. Viman Nagar. Pune - 411 014, Maharashtra , India Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 I Email ID: investors@bajajfinserv .in
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■ II FINSE':\V iv) Combined ratio stood at 104.5% in 02 FY27 v/s 102.3% in 02 FY26. Excluding the NATCAT impact, combined ratio for 02 FY27 stood at 102%. v) Underwriting loss stood at { 115 crore for 02 FY27 v/s { 92 crore in 02 FY26. vi) Investment and other income (net) for 02 FY27 stood at { 675 crore v/s { 788 crore in 02 FY26 due to lower capital gains and reduced investable asset base due to distribution to shareholders of z 3,515 crore. vii) Profit after tax for 02 FY27 stood at t 420 crore v /s { 517 crore in 02 FY26. viii) As on 30 September 2026, solvency ratio was 229%, which is well above the minimum regulatory requirement of 150%. ix) Assets Under Management (AUM), represented by cash and investments as on 30 September 2026 increased tot 36,313 crore v/s z 34,974 crore as on 30 September 2025. Summary of financial results and key ratios is given in Annexure D. C. Bajaj Life Insuranc e Limited - Indian GAAP (formerly known as Bajaj Allianz Life Insurance Company Limited) i) New business premium for 02 FY27 increased by 29% tot 5,170 crore v/s {4,012 crore in 02 FY26. a) Retail weighted received premium (RWRP) increased by 5% tot 1,942 crore in 02 FY27 v/s z 1.850 crore in 02 FY26. b) Group protection new business increased by 81% tot 1,358 crore in 02 FY27 v/s z 750 crore in 02 FY26. c) Group fund new business increased by 24% tot 1,527 crore in 02 FY27 v/s z 1.231 crore in 02 FY26. ii) Renewal premium for 02 FY27 increased by 17% tot 5,106 crore v/s { 4,354 crore in 02 FY26. iii) Consequently, gross written premium for 02 FY27 increased by 23% tot 10,276 crore v/s z 8,366 crore in 02 FY26. iv) Shareholders' profit after tax increased tot 55 crore in 02 FY27 v/s { 13 crore in 02 FY26. v) Net Value of New Business (VNB), which is the key metric to measure profitability of life insurance busine ss, wast 512 crore in 02 FY27 v/s { 367 crore in 02 FY26 - an increase of 40% . vi) As on 30 September 2026, solvency ratio was 255%, which is well above the minimum regulatory requirement of 150%. vii) Assets Under Management (AUM), represented by total investments stood at t 146,321 crore as on 30 September 2026 v/s {132,060 crore as on 30 September 2025 - an increase of 11%. Summary of financial results is given in Annexure E. Ramandeep Singh Sahni CFO 3 November 2026 BA:JA:J FINSERV LIMITED http s:// www.aboutb ajajfinser v.com / about-us Registered Office: 6th Floor . Bajaj Finserv House. Off Pune - Ahmedn agar Road, Viman Nagar. Pune - 411 014. Maharashtra. India Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L6592 3PN2007PLC130075 I Email ID: investor s@bajajfin serv.in
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Anneu xre A - Consolidated results of BFS - (Ind AS) (t In Cror e) 02 FY27 02 FY26 H1 FY27 H1 FV26 FY26 1 Incom e Inter est income 23,824 .03 19,598 .69 46,186.04 38.488.43 79,955 .95 Dividend income 75.91 44.76 178.27 98 .26 218.63 Rental incom e 0.99 0.15 2.02 1.76 2.07 Fees and commission income 1.791.09 1,551.98 3,853 .67 3,201.02 6,797.78 Net gain/(loss) on fair value change (1.384.45) (620.78) 667.23 655.83 (1,824.08) Sale of energy generated and service s 162.58 254.34 386 .60 487.60 1.013.17 Premium and other operating incom e from insurance business 18,530.63 15,936.18 33,397.04 28,740.33 63,134.10 Others 414.87 449.24 781.68 829.09 1.206.15 Total revenue from operations 43.415.65 37,214.56 85.452.55 72,502.32 1.50,503 .77 Other income - - - 12.26 26.61 Tot al income 4 3.415 .65 37,214.56 85.452 .55 72,514 .58 1,50,530 .38 2 E xpenses Employ ee benefits expenses 4,056 .90 3,385.54 7,901.75 6,579.32 14,122.17 Finance costs 8.482 .91 6,901.33 16,316.76 13,708.43 28,231.78 Fees and comm ission expense 2,806.48 2,610.17 5,732.26 4,994.56 10,732.35 Impairment of fi nancial instrume nts - lending assets 2,166.10 2,080.38 4,159.53 4,049.27 9,389 .88 Impairme nt of fi nancial inst ruments - invest ments (70.61) 8.19 (71.34) 0.73 90.11 Claims paid 7.444.49 6,847.75 13,524.21 12.486 .52 26,731.23 Reinsurance ceded 3,854 .84 3,561.71 7,039 .76 6,657.13 13,126.59 Net change in insura nce / investment contract liabilities 3.426.13 2,859.38 8,292 .10 5,900.46 12,027.11 Depreciation, amortisa t ion and impairm ent 422 .71 327.19 802.39 644.52 1.291.36 Other expenses 2,221.85 1.810.99 4,224.20 3.468 .69 7,541.62 Total expenses 34,811.80 30,392.63 67,921 .62 58,489.63 1,23,284 .20 3 Prof it befo re exc eption al item and tax (1- 2) 8,603.85 6,821 .93 17,530.93 14,024 .95 27,246.18 4 E xceptional item Charge of New Labour Codes - - - - 379.49 5 Share of profi t/(ioss) of joint venture and associates 3.73 3.20 8.84 3.82 16.46 6 Profit before t ax (3-4+5) 8.607.58 6,825 .13 17.539 .77 14,028.77 26,883.15 7 Tax expense Current tax 2,781.34 2,023 .17 5,660.56 4,171.93 7,844 .21 Deferred tax (105.21) 55.73 (348 .91) (178.35) (560 .76) Tax credit pertaining to earlier year (20 .56) (0.24) (20 .56) (40.45) (69.77) Total tax expense 2,655 .57 2,078 .66 5,291.09 3,953 .13 7,213.68 8 Profit af ter tax (6-7) 5,952 .01 4,746 .47 12,248.68 10,075 .64 19,669 .47 9 Other comprehensive income (a] Items that will not be reclassified to profit or loss Remeasureme nt gains/ (losses) of defined benefit plans 27.41 (4859) (6.25) (80.72) 33.16 Tax impact on above (5.49) 12.34 0.93 18.23 (5.76) Changes in fair value of equity inst rumen ts carried at FVTOCI (218.15) (86 .56) 3.46 52.65 (311.05) Tax impact on above 45.27 24.40 [3 .50) [2.44) 83.68 (b) Items that will be reclassified to profit or loss Changes in fair value of debt securiti es carri ed at FVTOCI (1.906.47) (1.024.72) (294.56) (1.505.09) (3,326.67) Tax impact on above 355.84 206 .17 62.41 253.65 630.82 Derivative instruments in cash flo w hedge relationship (320 .37) (647.41) 238.41 (641.74) (1.558.37) Tax impact on above 28.40 104.13 (51.84) 103.80 196.52 Cost of hedging reserve 12.20 0.93 (4.31) 9.97 14.84 Tax impact on above 4.41 2.49 15.97 2.52 7.72 Change in foreign currency t ranslation reserve - - (0.11) - 0.22 Other comprehensive income , net of tax (1,976 .95) (1,456 .82) (39 .39) (1,789.17) (4,234.89) 10 Tot al comprehensi ve income (8+9) 3,975 .06 3,289.65 12,209 .29 8,286.47 15.434 .58 11 Profit attributable to : Owners of the company 2,757 .66 2,244 .10 5 ,890 .01 5,033.15 9,800.97 Non -co ntrolling interests 3,194.35 2,502.37 6,358.67 5,042.49 9,868.50 12 Other comprehen sive income attr ibut able to: Owners of th e company (1,516.60) (1.034.73) (68 .61) (1.300.83) (3,135.19) Non-controlling interests (460.35) (422.09) 29.22 (488.34) (1,099.70) 13 Tot al comprehensive income attr ibut able to: Owners of the company 1.241.06 1.209.37 5,821.40 3,732.32 6,665 .78 Non-co ntro lling interests 2,734.00 2,080 .28 6,387.89 4,554. 15 8,768 .80 -14 Paid-up equity share capital (Face value of ~ 1) 160.02 159.71 160.02 159.71 159.87 m ~\NS~-9 15 Other equity ~ ~ 83,814.40 76,330.67 77,754.66 16 Earnings per share (t ) (not annuali sed) 1~ 9 Basic * * 17.22 14.05 36.79 31.51 61.33 Diluted ~ ,i/JA A ~~r;:i'\~ '} 17.12 13.92 36.57 31.22 60.97
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■ IIFINSE'lV Annexure B - Summary financial results of BFL (consolidated) - (Ind-AS) ? In Crore 02 FY27 02 FY26 H1FY27 H1FY26 FY26 Interest income 21.936 17,796 42,449 34,941 72,776 Interest expenses 8,601 7,011 16,544 13,928 28,666 Net interest income 13,335 10,785 25,905 21,013 44,110 Non-interest income 2,639 2,197 5,293 4,428 9,214 Net total income 15,974 12,982 31,198 25,441 53,324 Operating expenses 5,275 4,297 10,361 8,420 17,776 Pre-provisioning operating profit 10,699 8,685 20,837 17,021 35,548 Loan losses and provisions* 2,166 2,080 4,160 4,049 9,482 One-time charge of New Labour Codes - - - - 265 Profit before tax 8,537 6,608 16,686 12,976 25,817 Profit after tax 6,367 4,948 12,447 9,713 19,332 * also referred as Impairm ent on f1nanc1al assets Annexure C - Summary financial results of BHFL (standalone) - (Ind-AS) ? In Crore 02 FY27 02 FY26 H1FY27 H1FY26 FY26 Net interest income 1.055 956 2,023 1.843 3,752 Profit after tax 757 643 1,472 1,226 2,560 Annexure D - Summary financial results of Bajaj General - (Indian GAAP) f In Crore 02 FY27 02 FV26 H1FV27 H1FV26 FV26 Gross written premium 7,056 6,413 12,845 11,615 23,326 Net earned premium 2,947 2,404 5,616 4,632 9,519 Underwriting result (115) (92) (246) (208) (441) Investment and other income (net) 675 788 1,445 1.791 3,019 Profit before tax 560 696 1,199 1,583 2,578 Profit after tax 420 517 898 1,177 1,942 Claim ratio 83.7% 75.8% 79.2% 73.5% 72.6% Combined ration 104.5% 102.3% 104.7% 102.9% 102.8% .. # Combined ratio Is calculated as per IRDAI Master Circular. Combined ratio= (Net claims incurred d1v1ded by Net earned premium)+ (Expenses of management including net commission divided by Net written premium) . Annexure E - Summary financial results of Bajaj Life - (Indian GAAP) ~ In Crore 02 FY27 02 FY26 H1 FY27 H1FY26 FY26 New business premium 5,170 4,012 8,848 6,328 14,586 Retail weighted received premium* 1,942 1.850 3,416 3,104 7,514 Group protection new business premium 1,358 750 2,724 1,450 3,156 Group fund new business premium 1.527 1,231 2,097 1,451 3,064 Renewal premium 5,106 4,354 8,827 7,516 18,310 Gross written premium 10,276 8,366 17,675 13,844 32,896 Net value of new business 512 367 783 512 1,626 Profit after tax 55 13 106 184 226 * Retail weighted received premium = 100% of Regular retail premium+ 10% of Single retail premium . BA:JA:J FINSERV LIMITED https://www .aboutbajajfinserv.com/ about-us Registered Office: 6th Floor , Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 I Email ID: investors@bajajfinserv.in
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■ IIFINSE'IV -- ----------------------------------------------------- About BFS: Bajaj Finserv Limited (BFS) is an unregistered Core Investment Company (CIC} under the RBI Directions 2025 and the holding company for the various financial services businesses under the Bajaj group . Its vision is to be a diversified financial services group with a pan- India presence and. thus. offer life-cycle financial solutions for its various customers . These involve: (i) asset acquisition and lifestyle enhancement through financing , (ii) asset protection through general insurance. (iii) family protection through life and health insurance. (iv) providing healthcare needs for the family and employers . (v) offering savings and wealth management solutions through life insurance, fixed deposits and mutual funds, and (vi) ret irement planning and annuities which are part of the life insurance business. Through these businesses that offer various attractive solutions . BFS serves crores of customers and endeavours to be a Lifecycle partner to every Indian in achieving their financial goals. Finance and insurance businesses BFS participates in the financing business through its 51.30% holding in Bajaj Finance Limited (BFL) and in the life. general and health insur ance businesses through its 77.33% holding in two unlisted subsidiaries. Bajaj General Insurance Limited (Bajaj General) and Bajaj Life Insurance Limited (Bajaj Life). BFL holds 86.70% stake in Bajaj Housing Finance Limited (BHFL). which is a profitable and fast-growing enterprise engaged in various aspects of housing finance and development. Emerging businesses Bajaj Finserv Health Limit ed (BFHL). which is a health tech venture. seeks to provide platforms for customers to manage their healthcare needs 360°. covering wellness. outpatient (OP □) and inpatient (IP □) services. is a wholly owned subsidiary of BFS. Vidal Health Insurance TPA Private Limited. which is a registered Third - Party Administrator (TPA). is a wholly owned step-down subsidiary of BFHL. BFS has 80.10% stake in Bajaj Finserv Direct Limited (BFSD). the balance 19.90% is held by BFL. BFSD is a digital marketplace for financial services products from loans to insurance. mutual funds. investments. lifestyle products. payments and e- commerce . Bajaj Asset Management Limited (formerly known as Bajaj Finserv Asset Management Limited) is a wholly owned subsidiary of BFS and is in the mutual fund business. It seeks to differentiate itself through a strategy built on Information. Quantitative and Behavioural edge as well as smart use of technology for its customers and distributors . Bajaj Financial Securities Limited (BFSL) is a stockbroker that provides its clients with a full suite of investment products and services in an all- in-one digital platform. is a wholly owned subsidiary of Bajaj Finance Limited. Bajaj Alternate Investment Management Limited , a wholly owned subsidiary of BFS is focusing on broadening exposure to alternate investments including early-stage equity, real estate focused AIFs etc. Bajaj Reinsurance Limited . a wholly owned subsidiary of BFS. will pursue reinsurance business. Both BFS and BFL are included in the benchmark BSE Sensex and Nifty 50 indexes of large cap stocks. The results of these subsid iaries are reflected in the consolidated results of the Company. As required by regulation. BFS has adopted Indian Accounting Standards (Ind AS). The insurance companies are not covered under Ind AS. They have prepared Ind AS financials only for the purpose of consolidation . Accordingly, standalone numbers relating to Bajaj General and Bajaj Life reported above are based on non-Ind AS accounting standards (Indian GAAP) as applicable to insurance companies. BA:JA:J FINSERV LIMITED https: //www .aboutbajajfin serv.com / about-u s Registered Office: 6th Floor . Bajaj Finserv House, Off Pune - Ahmednag ar Road. Viman Nagar. Pune - 411 014, Maharashtra, India Tel: +91 20 7150 5700 I Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 I Email ID: investor s@bajajfin serv.in