Bajaj Finserv Ltd. share price target

Bajaj Finserv (BJFIN) reported consolidated revenue of INR420.4b (+19% YoY) and PAT of INR31.3b (+12% YoY) in 1QFY27. Bajaj General (BGen) reported 11% YoY growth with respect to GWP at INR57.9b (in line).

About the stock: Bajaj Finserv (Finserv) is a financial conglomerate with a holding in the financing business (Bajaj Finance), life insurance (Bajaj Life Insurance), general insurance (Bajaj General Insurance) and securities business....

Bajaj Finserv (BJFIN) reported consolidated revenue of INR385.1b (+6% YoY) and PAT of INR25.4b (+13% YoY) in 4QFY26. For FY26, revenue grew 13% YoY to INR1.5t and PAT rose 10% YoY to INR98b.

Bajaj Finserv (BJFIN) is the holding company of India’s largest NBFC – BAF (51.3% stake), third largest general insurer – BGen (77.3% stake) and sixth largest private life insurer – BLife (77.3% stake).

About the stock: Bajaj Finserv (Finserv) is a financial conglomerate with a holding in the financing business (Bajaj Finance), life insurance (Bajaj Life Insurance), general insurance (Bajaj General Insurance) and securities business. Consistent, faster business growth and profitability remain in focus Q3FY26 performance: Bajaj Finserv reported steady performance, with continued strength in lending and life insurance businesses, partly offset by one-offs. Consolidated revenue grew ~24% YoY to 39,708 crore. Consolidated PAT stood at 2,229 crore, impacted by accelerated ECL provisioning at Bajaj Finance and a onetime charge related to new labour code. Bajaj Finance's AUM rose ~22% YoY to...

Bajaj Finserv reported a resilient Q2 FY26, supported by steady performance across lending and insurance businesses. Bajaj Finance and Bajaj Housing Finance recorded healthy AUM growth and solid profitability, while Bajaj Life delivered its highest-ever VNB and margin expansion.

in the financing business (Bajaj Finance), life insurance (Bajaj Life Insurance), general insurance (Bajaj General Insurance) and securities business. Consistent, faster business growth and profitability remain in focus momentum sustaining and improvement in life insurance profitability, while general insurance remained subdued. Consolidated revenue grew 11% YoY to 37,403 crore. NBFC AUM rose 24% YoY to 4,62,261 crore, with PAT from lending up 22% YoY to 4,876 crore, reflecting robust disbursement and broadly stable asset quality (GNPA at 1.24%, NNPA at 0.6%). In GI premium grew 9% YoY to...

The management remained committed in driving sustainable and profitable growth across business verticals.

Q4FY25 marked a mixed performance from life insurance and lending business but the general insurance business reported weak numbers. Bajaj Finance’s consolidated asset under management (AUM) stood at Rs. 4,16,661 crore, up 26% y-o-y/5% q-o-q.

Bajaj Finserv unveiled its new long-range strategy for FY25-29 and identified new megatrends across business lines. Newer businesses are currently at a nascent stage but provides a huge opportunity in medium to long term. These are likely to breakeven in the next 3-5 years.

BJFIN reported a satisfactory performance in Q2FY25 with reasonable performances posted by its established operating subsidiaries (BAF, BAGIC, and BALIC) amid the difficult and changing external environment.

After media reports indicated that Allianz Group might be looking to exit its 23-year old India Insurance JVs (BALIC and BAGIC) with the Bajaj Group, BJFIN in its exchange filing confirmed that Allianz has communicated to the company its intent of exiting the Indian Insurance Joint Ventures.

We maintain a Buy rating on Bajaj Finserv, with a revised SOTP-based PT of Rs. 2,350 factoring the upside in valuations of its key subsidiaries.

We initiate coverage on Bajaj Finserv (BJFIN) with a BUY recommendation and Sep-25E TP of Rs2,150/share (~16% upside), implying FY26E consolidated P/B of 4.1x.