Bajaj Holdings & Investment500490Quarterly results
Board approves unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026
Bajaj Holdings & Investment's board met on 3 November 2026 and approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, along with the auditors' limited review reports.
By ScoutQuest · · 3 min read
- Standalone PAT (Q2)
- ₹ 1,404.03 crore for the quarter
- Earnings per share (Q2)
- ₹ 126.15
- Interim dividend paid
- ₹ 65 per share (650%), totalling ₹ 723 crore, paid on 13 October 2026
What the board approved
- Meeting held on 3 November 2026, starting 3:45 p.m. and concluding 4:30 p.m.
- Unaudited standalone and unaudited consolidated financial results for the quarter and half year ended 30 September 2026, with the limited review reports of the joint auditors.
- A press release was also approved.
Standalone numbers (as printed in ₹ crore)
- Total income: 1,712.65 for the quarter, 2,123.93 for the half year.
- Profit before tax: 1,675.20 for the quarter, 2,023.85 for the half year.
- Profit after tax: 1,404.03 for the quarter, 1,748.12 for the half year.
- Basic and diluted earnings per share: 126.15 for the quarter (not annualised), 157.07 for the half year.
- Total comprehensive income: 88.81 for the quarter.
Why a simple year-on-year comparison can mislead
- The quarter ended 30 September 2025 carried an exceptional item of 1,982.99 crore, being profit on sale of equity shares of Bajaj Finserv Limited.
- That sale took place on 6 June 2025: 10,400,000 equity shares of Bajaj Finserv were sold through a block deal for aggregate consideration of 2,002.21 crore, giving net proceeds of 1,995.41 crore.
- Bajaj Finserv continues to be an associate of the company.
What pulled total comprehensive income below profit
- Fair value changes on equity instruments carried at fair value through other comprehensive income were (1,528.98) crore for the quarter, with a tax impact of 213.91 crore. That is why total comprehensive income of 88.81 crore is much smaller than profit after tax.
Dividend: declared earlier, now paid
- The board had, at its meeting on 15 September 2026, declared an interim dividend of ₹ 65 per equity share (650%), amounting to ₹ 723 crore.
- The liability is recorded in these results, a separate bank account was funded, and the dividend was paid on 13 October 2026.
Balance sheet and cash (standalone)
- Total assets 26,460.87 crore as at 30 September 2026.
- Cash and cash equivalents 3.61 crore; other investments 22,119.06 crore.
- Net cash from operating activities for the half year 1,823.89 crore; dividend paid 2,165.74 crore.
Other points from the notes
- The company operates essentially as a holding company with investments in the Bajaj Group, and has applied to the Reserve Bank of India to re-categorise it as an Unregistered Core Investment Company (CIC); the application is under review.
- Provision for tax of 8.74 crore was made during the half year after re-assessing the tax position for the year ended 31 March 2026, on account of a deduction under section 80M of the Income Tax Act, 1961.
- The consolidated statement covers subsidiaries Bajaj Auto Holdings Limited and Bajaj Nivesh Limited, and associates Bajaj Auto Limited and Bajaj Finserv Limited. The Group's share of net profit after tax of associates was 2,266.84 crore for the quarter and 4,625.53 crore for the six months.
What this means for a retail investor
- These figures are unaudited and have been subjected to a limited review, not a full audit.
- Because the company is a holding company, its earnings depend on dividends, interest and investment values, so one quarter can look very different from another when a large share sale or a fair value swing is involved.
Also from Bajaj Holdings & Investment
Consolidated results for the quarter ended 30.09.2026 (Unaudited)
3 Nov 2026
Analyst recommended selling Bajaj Holdings again, citing continued downside signs, target 98,50
29 Oct 2026
Board meeting on 3 November 2026 to approve unaudited Q2 and H1 results; trading window closed
5 Oct 2026
More numbers
- Total income, standalone, quarter ended 30.09.2026 (₹ in crore)1,712.65
- Profit after tax, standalone, quarter ended 30.09.2026 (₹ in crore)1,404.03
- Profit after tax, standalone, half year ended 30.09.2026 (₹ in crore)1,748.12
- Basic and diluted earnings per share, quarter (not annualised)126.15
- Interim dividend per equity share₹ 65
- Interim dividend rate650%
- Total interim dividend amount (₹ in crore)₹ 723 crore
- Profit on sale of Bajaj Finserv shares, exceptional item in prior year (₹ in crore)1,982.99
Source: BSE · 3 Nov 2026
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