Bajaj Holdings & Investment (500490) Q3 25/26 earnings summary

Executive summary

• Consolidated profit after tax for Q3 FY26 rose 15% year-over-year to ₹2,016 crore; standalone profit after tax was ₹181 crore, up from ₹84 crore in Q3 FY25.

• For the nine months ended December 2025, consolidated profit after tax reached ₹7,062 crore, and standalone profit after tax was ₹4,397 crore.

• Excluding profit on sale of Bajaj Finserv shares, consolidated profit after tax for 9M FY26 was ₹5,681 crore.

Financial highlights

• Q3 FY26 consolidated total income was ₹300 crore, up from ₹158 crore in Q3 FY25; 9M FY26 total income was ₹1,048 crore.

• Share of profits from associates in Q3 FY26 was ₹1,833 crore; for 9M FY26, ₹5,344 crore.

• Standalone total income for Q3 FY26 was ₹294 crore; 9M FY26 was ₹3,115 crore.

• Standalone profit on sale of Bajaj Finserv shares in 9M FY26 was ₹1,983 crore.

• Other comprehensive income for Q3 FY26 was negative at ₹(172) crore standalone and ₹(394) crore consolidated.

Outlook and guidance

• The company is realigning its investment portfolio and has applied to be re-categorized as an Unregistered Core Investment Company, with RBI review ongoing.