Bajaj Finserv Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Premiums & Annuity Revenue	610,826	554,621	463,227	361,581	314,298	257,598
Total Interest & Dividend Income	770,997	676,275	539,556	402,909	314,314	270,257
Gain (Loss) on Sale of Investments	15,217	15,478	25,651	-8,974	3,222	37,748
Non-Insurance Activities Revenue	9,350	9,593	6,551	3,259	3,405	2,838
Other Revenue	63,915	60,237	56,226	49,656	36,128	34,054
Total Revenue	1,470,304	1,316,204	1,091,210	808,431	671,367	602,494
Revenue Growth (YoY)	15.60%	20.62%	34.98%	20.42%	11.43%	11.43%
Policy Benefits	528,991	489,478	416,489	302,473	281,087	246,953
Policy Acquisition & Underwriting Costs	103,986	87,157	69,706	42,382	34,420	26,144
Depreciation & Amortization	13,138	11,703	9,001	6,778	5,627	4,985
Selling, General & Administrative	26,875	26,875	19,618	30,901	22,538	17,493
Other Operating Expenses	30,053	25,905	33,431	20,124	9,012	12,176
Total Operating Expenses	933,350	835,442	693,421	518,318	463,752	412,388
Operating Income	536,953	480,763	397,789	290,113	207,615	190,107
Interest Expense	-273,367	-243,097	-183,995	-122,014	-94,983	-91,413
Earnings From Equity Investments	145.5	179.9	80.9	11.9	-3.6	-1.8
Other Non Operating Income (Expenses)	-	-	-	-	-	0.5
EBT Excluding Unusual Items	263,732	237,846	213,874	168,111	112,629	98,693
Gain (Loss) on Sale of Assets	-363.4	-363.4	-124.1	0.2	77.1	-69.2
Pretax Income	259,574	237,482	213,750	168,111	112,706	98,623
Income Tax Expense	67,578	61,906	57,797	46,016	29,571	24,950
Earnings From Continuing Ops.	191,995	175,576	155,954	122,095	83,135	73,674
Minority Interest in Earnings	-95,206	-86,853	-74,476	-57,923	-37,568	-28,969
Net Income	96,789	88,723	81,478	64,173	45,568	44,705
Net Income to Common	96,789	88,723	81,478	64,173	45,568	44,705
Net Income Growth	12.88%	8.89%	26.97%	40.83%	1.93%	32.69%
Shares Outstanding (Basic)	1,597	1,595	1,593	1,591	1,591	1,591
Shares Outstanding (Diluted)	1,615	1,612	1,608	1,604	1,592	1,592
Shares Change (YoY)	0.10%	0.21%	0.25%	0.78%	0.01%	-0.00%
EPS (Basic)	60.60	55.61	51.15	40.33	28.63	28.09
EPS (Diluted)	59.89	55.00	50.70	40.00	28.60	28.09
EPS Growth	12.60%	8.48%	26.75%	39.86%	1.82%	32.69%
Free Cash Flow	-	-634,365	-664,633	-402,589	-343,212	42,544
Free Cash Flow Per Share	-	-393.61	-413.25	-250.95	-215.60	26.73
Dividend Per Share	-	1.000	1.000	0.800	0.400	0.300
Dividend Growth	-	-	25.00%	100.00%	33.33%	-40.00%
Operating Margin	36.52%	36.53%	36.45%	35.89%	30.92%	31.55%
Profit Margin	6.58%	6.74%	7.47%	7.94%	6.79%	7.42%
Free Cash Flow Margin	-	-48.20%	-60.91%	-49.80%	-51.12%	7.06%
EBITDA	542,150	485,329	401,515	292,745	210,066	192,295
EBITDA Margin	36.87%	36.87%	36.80%	36.21%	31.29%	31.92%
D&A For EBITDA	5,197	4,566	3,726	2,632	2,451	2,189
EBIT	536,953	480,763	397,789	290,113	207,615	190,107
EBIT Margin	36.52%	36.53%	36.45%	35.89%	30.92%	31.55%
Effective Tax Rate	26.03%	26.07%	27.04%	27.37%	26.24%	25.30%
Revenue as Reported	1,491,588	1,338,221	1,103,830	820,720	684,390	605,916

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.