Bajaj Finserv Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Premiums & Annuity Revenue	631,341	554,621	463,227	361,581	314,298
Total Interest & Dividend Income	801,767	676,275	539,556	402,909	314,314
Gain (Loss) on Sale of Investments	-901.1	15,478	25,651	-8,974	3,222
Non-Insurance Activities Revenue	10,132	9,593	6,551	3,259	3,405
Other Revenue	50,003	60,237	56,226	49,656	36,128
Total Revenue	1,492,341	1,316,204	1,091,210	808,431	671,367
Revenue Growth (YoY)	13.38%	20.62%	34.98%	20.42%	11.43%
Policy Benefits	518,849	489,478	416,489	302,473	281,087
Policy Acquisition & Underwriting Costs	107,324	87,157	69,706	42,382	34,420
Depreciation & Amortization	12,914	11,703	9,001	6,778	5,627
Selling, General & Administrative	-	26,875	19,618	30,901	22,538
Other Operating Expenses	63,355	25,905	33,431	20,124	9,012
Total Operating Expenses	937,562	835,442	693,421	518,318	463,752
Operating Income	554,780	480,763	397,789	290,113	207,615
Interest Expense	-282,318	-243,097	-183,995	-122,014	-94,983
Earnings From Equity Investments	164.6	179.9	80.9	11.9	-3.6
EBT Excluding Unusual Items	272,626	237,846	213,874	168,111	112,629
Gain (Loss) on Sale of Assets	-	-363.4	-124.1	0.2	77.1
Other Unusual Items	-3,795	-	-	-	-
Pretax Income	268,832	237,482	213,750	168,111	112,706
Income Tax Expense	72,137	61,906	57,797	46,016	29,571
Earnings From Continuing Ops.	196,695	175,576	155,954	122,095	83,135
Minority Interest in Earnings	-98,685	-86,853	-74,476	-57,923	-37,568
Net Income	98,010	88,723	81,478	64,173	45,568
Net Income to Common	98,010	88,723	81,478	64,173	45,568
Net Income Growth	10.47%	8.89%	26.97%	40.83%	1.93%
Shares Outstanding (Basic)	1,599	1,595	1,593	1,591	1,591
Shares Outstanding (Diluted)	1,607	1,612	1,608	1,604	1,592
Shares Change (YoY)	-0.31%	0.21%	0.25%	0.78%	0.01%
EPS (Basic)	61.30	55.61	51.15	40.33	28.63
EPS (Diluted)	61.00	55.00	50.70	40.00	28.60
EPS Growth	10.91%	8.48%	26.75%	39.86%	1.82%
Free Cash Flow	-563,157	-634,365	-664,633	-402,589	-343,212
Free Cash Flow Per Share	-350.50	-393.61	-413.25	-250.95	-215.60
Dividend Per Share	1.300	1.000	1.000	0.800	0.400
Dividend Growth	30.00%	-	25.00%	100.00%	33.33%
Operating Margin	37.18%	36.53%	36.45%	35.89%	30.92%
Profit Margin	6.57%	6.74%	7.47%	7.94%	6.79%
Free Cash Flow Margin	-37.74%	-48.20%	-60.91%	-49.80%	-51.12%
EBITDA	567,693	485,329	401,515	292,745	210,066
EBITDA Margin	38.04%	36.87%	36.80%	36.21%	31.29%
D&A For EBITDA	12,914	4,566	3,726	2,632	2,451
EBIT	554,780	480,763	397,789	290,113	207,615
EBIT Margin	37.18%	36.53%	36.45%	35.89%	30.92%
Effective Tax Rate	26.83%	26.07%	27.04%	27.37%	26.24%
Revenue as Reported	1,505,304	1,338,221	1,103,830	820,720	684,390

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