Bajajfinsv

Bajaj Finserv's Q4 FY26 consolidated results were impacted by temporary MTM losses on insurance investment portfolios due to geopolitical tensions. Reported revenue grew 6Current 6 crore vs previous available quarter 24 crore.% YoY to INR 38Current reported value: 38. No comparable prior figure is available in the source record.,508 crore and PAT grew 5Current reported value: 5. No comparable prior figure is available in the source record.% to INR 2,539 crore, but excluding MTM, revenue growth was 14%Current reported value: 14%. No comparable prior figure is available in the source record. and PAT growth 24%Current reported value: 24%. No comparable prior figure is available in the source record.. Bajaj General Insurance saw muted GWP growth due to tactical reduction in crop and motor, with combined ratio elevated at 113.6% due to timing variances. Bajaj Life Insurance reported retail WR premium growth of 9.7%Current reported value: 9.7%. No comparable prior figure is available in the source record. and VNB growth of 29%Current reported value: 29%. No comparable prior figure is available in the source record., with NBM expanding to 24.5%Current 24.5%. Reported change: +2.4pp YoY.. Lending subsidiaries Bajaj Finance and Bajaj Housing Finance delivered strong AUM growth of 22% and 23% respectively. Emerging businesses like Bajaj Finserv Health grew revenue 41%, while Bajaj Markets revenue declined due to platform migration. Management guided for improved growth in life insurance and a path to breakeven for Bajaj Markets and Bajaj Finserv Health. Key risk: persistency dips in life insurance and elevated competitive intensity in general insurance could pressure profitability.