Bajaj Finserv

Bajaj Finserv's Q4 FY26 consolidated results were impacted by temporary MTM losses from insurance investments, with reported revenue growth of 6%Current reported value: 6%. No comparable prior figure is available in the source record. to ₹3,858 crore and PAT growth of 5%Current reported value: 5%. No comparable prior figure is available in the source record. to ₹2,539 crore. Excluding MTM, revenue grew 14%Current reported value: 14%. No comparable prior figure is available in the source record. and PAT 24%Current reported value: 24%. No comparable prior figure is available in the source record.. General insurance saw muted GWP growth due to tactical reduction in crop and motor amid pricing pressure, with combined ratio elevated at 113.6%. Life insurance showed strong VNB growth of 29%Current reported value: 29%. No comparable prior figure is available in the source record. to ₹709 crCurrent ₹709 Cr. Reported change: +29% YoY.ore and NBM expansion to 24.5%, driven by protection and group business. Lending subsidiaries Bajaj Finance and Bajaj Housing Finance delivered robust AUM growth of 22% and 23% respectively. Emerging businesses like Bajaj Finserv Health grew revenue 41%, while Bajaj Markets saw planned degrowth due to platform migration. Management guided for improved growth in life insurance and break-even for Bajaj Markets by end of FY27. Key risk: persistency dips in life insurance and elevated claims in government health business could pressure profitability.