Bajaj Finserv Balance Sheet

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
Investments in Debt Securities	-	4,746	274.2	-	-	-
Investments in Equity & Preferred Securities	-	4,003	3,828	1,073	133.7	136.7
Policy Loans	-	8,827	6,438	5,907	5,203	4,708
Other Investments	-	518,282	463,996	353,160	245,427	188,149
Total Investments	-	4,701,444	3,801,516	2,862,835	2,207,943	1,811,354
Cash & Equivalents	-	58,170	57,650	25,936	40,872	29,551
Reinsurance Recoverable	-	144,198	113,848	78,394	64,517	56,646
Other Receivables	-	107,035	76,383	60,498	55,243	52,291
Separate Account Assets	-	1,361,734	1,199,695	954,850	907,097	800,716
Property, Plant & Equipment	-	42,798	38,272	29,372	23,653	21,031
Goodwill	-	8,028	6,893	6,893	6,893	6,893
Other Intangible Assets	-	14,994	11,287	8,659	6,082	4,788
Restricted Cash	-	1,574	1,146	1,242	445.3	425
Other Current Assets	-	21,530	16,749	8,335	2,420	2,050
Long-Term Deferred Tax Assets	-	12,015	10,282	10,236	9,512	9,459
Other Long-Term Assets	-	48,795	45,575	7,842	12,512	6,440
Total Assets	-	6,522,316	5,379,296	4,055,092	3,337,190	2,801,643
Accounts Payable	-	30,083	31,082	36,463	30,974	23,014
Accrued Expenses	-	25,733	19,653	10,908	10,192	7,229
Insurance & Annuity Liabilities	-	1,346,787	1,182,801	941,017	855,935	752,301
Unearned Premiums	-	39,290	30,518	23,920	20,209	17,463
Reinsurance Payable	-	35,324	23,080	13,762	7,674	17,530
Current Portion of Long-Term Debt	-	372,897	351,755	239,674	121,019	67,163
Short-Term Debt	-	375,423	285,737	155,850	176,858	147,044
Current Income Taxes Payable	-	4,609	4,275	3,866	3,124	5,683
Long-Term Debt	-	2,081,372	1,637,004	1,272,274	1,000,672	808,276
Long-Term Leases	-	15,048	13,338	8,237	6,648	5,478
Long-Term Deferred Tax Liabilities	-	7,125	5,145	1,080	3,058	3,196
Other Current Liabilities	-	395,111	364,314	308,571	256,213	210,057
Other Long-Term Liabilities	-	503,414	388,736	260,936	179,719	153,036
Total Liabilities	-	5,237,974	4,341,538	3,279,111	2,673,990	2,218,703
Common Stock	-	1,596	1,594	1,593	795.7	795.7
Additional Paid-In Capital	-	143,135	143,997	96,765	96,119	94,252
Retained Earnings	-	553,173	439,947	364,897	301,307	256,782
Treasury Stock	-	-639.1	-1,043	-1,175	-1,200	-1,842
Comprehensive Income & Other	-	26,689	18,792	1,994	5,446	8,313
Total Common Equity	764,904	723,953	603,286	464,073	402,468	358,300
Minority Interest	-	560,389	434,472	311,907	260,731	224,640
Shareholders' Equity	1,357,412	1,284,342	1,037,759	775,981	663,199	582,940
Total Liabilities & Equity	-	6,522,316	5,379,296	4,055,092	3,337,190	2,801,643
Filing Date Shares Outstanding	1,592	1,596	1,594	1,593	1,591	1,591
Total Common Shares Outstanding	1,592	1,596	1,594	1,593	1,591	1,591
Total Debt	3,224,358	2,844,741	2,287,834	1,676,034	1,305,197	1,027,961
Net Cash (Debt)	-3,096,814	-2,786,571	-2,230,184	-1,650,098	-1,264,325	-998,411
Net Cash Per Share	-1917.99	-1729.02	-1386.68	-1028.56	-794.24	-627.27
Book Value Per Share	480.60	453.60	378.44	291.39	252.91	225.15
Tangible Book Value	741,394	700,931	585,106	448,521	389,493	346,619
Tangible Book Value Per Share	465.83	439.18	367.04	281.62	244.75	217.81
Land	-	6,745	6,745	6,727	4,755	3,253
Buildings	-	7,738	7,942	7,693	7,559	7,476
Machinery	-	28,998	25,385	19,489	15,972	14,776
Construction In Progress	-	1,230	821.2	618.4	536.4	495.7
Leasehold Improvements	-	3,790	3,455	3,205	3,091	2,726

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