Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bajaj Finserv Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 23,625 | 23,280 | 26,023 | 29,038 | 32,041 | 31,480 | 33,704 | 32,042 | 36,595 | 35,439 | 37,403 | 39,708 | 38,494 |
| Expenses + | 15,470 | 13,935 | 16,073 | 18,601 | 21,108 | 19,655 | 21,420 | 19,669 | 23,868 | 21,124 | 23,352 | 25,842 | 23,983 |
| Operating Profit | 8,154 | 9,345 | 9,950 | 10,438 | 10,933 | 11,825 | 12,283 | 12,373 | 12,728 | 14,315 | 14,050 | 13,866 | 14,511 |
| OPM % | 35% | 40% | 38% | 36% | 34% | 38% | 36% | 39% | 35% | 40% | 38% | 35% | 38% |
| Other Income + | 2 | 3 | 0 | 2 | 4 | 3 | 3 | 3 | 10 | 13 | 3 | -378 | 25 |
| Interest | 3,436 | 4,020 | 4,449 | 4,777 | 5,154 | 5,592 | 6,046 | 6,276 | 6,396 | 6,807 | 6,901 | 7,232 | 7,291 |
| Depreciation | 181 | 202 | 209 | 232 | 257 | 267 | 275 | 288 | 339 | 317 | 327 | 330 | 317 |
| Profit before tax | 4,540 | 5,125 | 5,292 | 5,431 | 5,527 | 5,968 | 5,966 | 5,812 | 6,002 | 7,204 | 6,825 | 5,926 | 6,928 |
| Tax % | 27% | 28% | 29% | 26% | 26% | 29% | 30% | 24% | 21% | 26% | 30% | 26% | 25% |
| Net Profit + | 3,335 | 3,709 | 3,756 | 4,045 | 4,085 | 4,209 | 4,180 | 4,412 | 4,756 | 5,329 | 4,746 | 4,368 | 5,226 |
| EPS in Rs | 11.11 | 12.20 | 12.09 | 13.52 | 13.28 | 13.39 | 13.07 | 13.97 | 15.14 | 17.46 | 14.04 | 13.95 | 15.86 |
Financials of Bajaj Finserv Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 11,335 | 20,533 | 24,507 | 32,862 | 42,605 | 54,351 | 60,592 | 68,406 | 82,072 | 110,382 | 133,822 | 150,504 |
| Expenses + | 5,823 | 13,795 | 15,794 | 22,074 | 27,569 | 36,094 | 40,950 | 46,951 | 52,204 | 69,497 | 84,298 | 93,761 |
| Operating Profit | 5,511 | 6,739 | 8,713 | 10,788 | 15,037 | 18,258 | 19,641 | 21,455 | 29,868 | 40,886 | 49,524 | 56,743 |
| OPM % | 49% | 33% | 36% | 33% | 35% | 34% | 32% | 31% | 36% | 37% | 37% | 38% |
| Other Income + | 8 | 0 | 0 | 1 | 2 | 0 | -7 | 8 | 1 | -4 | -18 | -336 |
| Interest | 2,230 | 2,877 | 3,716 | 4,531 | 6,657 | 9,500 | 9,274 | 9,629 | 12,380 | 18,607 | 24,587 | 28,232 |
| Depreciation | 38 | 58 | 73 | 160 | 226 | 457 | 498 | 563 | 678 | 900 | 1,170 | 1,291 |
| Profit before tax | 3,251 | 3,804 | 4,925 | 6,099 | 8,155 | 8,302 | 9,862 | 11,271 | 16,811 | 21,375 | 23,748 | 26,883 |
| Tax % | 26% | 27% | 30% | 32% | 34% | 28% | 25% | 26% | 27% | 27% | 26% | 27% |
| Net Profit + | 2,409 | 2,775 | 3,450 | 4,176 | 5,374 | 5,994 | 7,367 | 8,314 | 12,210 | 15,595 | 17,558 | 19,669 |
| EPS in Rs | 10.62 | 11.71 | 14.21 | 16.65 | 20.23 | 21.17 | 28.09 | 28.63 | 40.29 | 51.07 | 55.57 | 61.24 |
| Dividend Payout % | 2% | 1% | 1% | 1% | 1% | 2% | 1% | 1% | 2% | 2% | 2% | 2% |
Financials of Bajaj Finserv Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 159 | 159 | 160 | 160 |
| Reserves | 11,009 | 13,519 | 16,071 | 20,403 | 23,660 | 31,222 | 35,750 | 40,167 | 46,248 | 60,169 | 72,236 | 77,755 |
| Borrowings + | 26,312 | 36,062 | 48,282 | 65,695 | 99,754 | 127,212 | 128,461 | 161,179 | 212,265 | 288,933 | 355,855 | 429,914 |
| Other Liabilities + | 50,827 | 54,290 | 64,181 | 75,337 | 84,934 | 92,791 | 115,554 | 131,987 | 146,729 | 188,154 | 223,269 | 250,669 |
| Total Liabilities | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 405,401 | 537,415 | 651,519 | 758,498 |
| Fixed Assets + | 1,261 | 1,274 | 1,645 | 1,792 | 2,097 | 3,216 | 3,182 | 3,586 | 4,336 | 5,455 | 6,297 | 6,800 |
| CWIP | 3 | 11 | 4 | 28 | 66 | 45 | 129 | 113 | 191 | 220 | 314 | 250 |
| Investments | 51,367 | 53,698 | 62,658 | 69,428 | 81,679 | 91,821 | 113,654 | 119,222 | 136,176 | 170,127 | 190,130 | 194,414 |
| Other Assets + | 35,598 | 48,969 | 64,306 | 90,266 | 124,587 | 156,223 | 162,879 | 210,493 | 264,698 | 361,613 | 454,778 | 557,034 |
| Total Assets | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 405,401 | 537,415 | 651,519 | 758,498 |
Financials of Bajaj Finserv Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -10,731 | -9,795 | -10,922 | -19,580 | -27,076 | -23,369 | 4,547 | -33,670 | -39,480 | -65,502 | -62,113 | -55,301 |
| Cash from Investing Activity + | 3,709 | -886 | 151 | -922 | -6,903 | -9,948 | -3,684 | 1,445 | -13,945 | -14,132 | -7,987 | -12,635 |
| Cash from Financing Activity + | 6,839 | 11,602 | 12,513 | 19,590 | 34,535 | 34,479 | 1,687 | 32,326 | 51,016 | 82,709 | 70,191 | 66,610 |
| Net Cash Flow | -183 | 921 | 1,742 | -911 | 555 | 1,162 | 2,551 | 101 | -2,409 | 3,075 | 92 | -1,326 |
| Free Cash Flow | -10,731 | -9,795 | -10,922 | -19,883 | -27,646 | -24,239 | 4,096 | -34,420 | -40,603 | -66,811 | -63,829 | -56,619 |
| CFO/OP | -195% | -145% | -125% | -162% | -161% | -113% | 34% | -142% | -117% | -146% | -111% | -84% |
Financials of Bajaj Finserv Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 | 15 | 20 | 23 | 23 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 | 15 | 20 | 23 | 23 |
| Working Capital Days | -741 | -341 | -301 | -750 | -644 | -417 | -490 | -493 | -444 | -406 | -374 | -351 |
| ROCE % | 15% | 14% | 14% | 13% | 13% | 11% | 10% | 10% | 11% | 12% | 11% | 11% |