Bajaj Finserv Ltd. (NSE:BAJAJFINSV)

Bajaj Finserv Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Premiums & Annuity Revenue	559,701	554,621	463,227	361,581	314,298	257,598
Total Interest & Dividend Income	709,756	676,275	539,556	402,909	314,314	270,257
Gain (Loss) on Sale of Investments	15,693	15,478	25,651	-8,974	3,222	37,748
Non-Insurance Activities Revenue	8,708	9,593	6,551	3,259	3,405	2,838
Other Revenue	62,225	60,237	56,226	49,656	36,128	34,054
Total Revenue	1,356,083	1,316,204	1,091,210	808,431	671,367	602,494
Revenue Growth (YoY)	15.78%	20.62%	34.98%	20.42%	11.43%	11.43%
Policy Benefits	492,531	489,478	416,489	302,473	281,087	246,953
Policy Acquisition & Underwriting Costs	92,804	87,157	69,706	42,382	34,420	26,144
Depreciation & Amortization	12,206	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	24,709	25,905	33,431	20,124	9,012	12,176
Total Operating Expenses	850,799	835,442	693,421	518,318	463,752	412,388
Operating Income	505,284	480,763	397,789	290,113	207,615	190,107
Interest Expense	-255,248	-243,097	-183,995	-122,014	-94,983	-91,413
Earnings From Equity Investments	162	179.9	80.9	11.9	-3.6	-1.8
Other Non Operating Income (Expenses)	-	-	-	-	-	0.5
EBT Excluding Unusual Items	250,198	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	249,834	237,482	213,750	168,111	112,706	98,623
Income Tax Expense	63,059	61,906	57,797	46,016	29,571	24,950
Earnings From Continuing Ops.	186,775	175,576	155,954	122,095	83,135	73,674
Minority Interest in Earnings	-91,539	-86,853	-74,476	-57,923	-37,568	-28,969
Net Income	95,237	88,723	81,478	64,173	45,568	44,705
Net Income to Common	95,237	88,723	81,478	64,173	45,568	44,705
Net Income Growth	14.15%	8.89%	26.97%	40.83%	1.93%	32.69%
Shares Outstanding (Basic)	1,595	1,595	1,593	1,591	1,591	1,591
Shares Outstanding (Diluted)	1,613	1,612	1,608	1,604	1,592	1,592
Shares Change (YoY)	0.26%	0.21%	0.25%	0.78%	0.01%	-0.00%
EPS (Basic)	59.71	55.61	51.15	40.33	28.63	28.09
EPS (Diluted)	59.00	55.00	50.70	40.00	28.60	28.09
EPS Growth	13.68%	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	1.000	0.800	0.400	0.300
Dividend Growth	-	-	25.00%	100.00%	33.33%	-40.00%
Operating Margin	37.26%	36.53%	36.45%	35.89%	30.92%	31.55%
Profit Margin	7.02%	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	510,060	485,329	401,515	292,745	210,066	192,295
EBITDA Margin	37.61%	36.87%	36.80%	36.21%	31.29%	31.92%
D&A For EBITDA	4,777	4,566	3,726	2,632	2,451	2,189
EBIT	505,284	480,763	397,789	290,113	207,615	190,107
EBIT Margin	37.26%	36.53%	36.45%	35.89%	30.92%	31.55%
Effective Tax Rate	25.24%	26.07%	27.04%	27.37%	26.24%	25.30%
Revenue as Reported	1,377,933	1,338,221	1,103,830	820,720	684,390	605,916

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.