Investor Presentation

3 November 2026 To To Corporate Relations Department. Corporate Listing Department. BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor Rotunda Building, P J Tower, Plot No.C-1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Code: 532978 NSE Code: BAJAJFINSV Dear Sir/Madam, Sub.: Investor presentation for the quarter and half year ended 30 September 2026 Further to our letter dated 19 October 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule Ill thereto, please find enclosed herewith presentation on the financial results to be made to analysts/investors for the quarter and half year ended 30 September 2026. We request you to kindly take the same on record. Thanking you, FOR BAJAJ FINSERV LIMITED UMA SHENDE COMPANY SECRETARY Email ID: investors@bajajfinserv.in Encl.: As above Page 1 of 1 https://www.aboutbajajfinserv.com/about-us Registered Office: 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India Tel: +91 20 7150 5700 | Fax: +91 20 7150 5792 Corporate ID No.: L65923PN2007PLC130075 | Email ID: investors@bajajfinserv.in BAJAJ FINSERV LIMITED Investor Presentation – Q2 FY2027* *Q2 of year ending 31 March 2027 Notes: 1. The insurance subsidiaries follow Ind-AS only for the purpose of consolidation with BFS and hence where standalone details given, they are on statutory GAAP basis 2. Previous year numbers have been regrouped and/or restated wherever necessary 01. PERFORMANCE SUMMARY FOR THE QUARTER 02. BAJAJ FINSERV LIMITED – GROUP STRUCTURE AND STRATEGY 03. BAJAJ GENERAL INSURANCE LIMITED 04. BAJAJ LIFE INSURANCE LIMITED 05. EMERGING BUSINESSES a. BAJAJ FINSERV HEALTH LIMITED INDEX b. BAJAJ FINSERV DIRECT LIMITED (Marketplace) c. BAJAJ ASSET MANAGEMENT LIMITED 06. BAJAJ FINANCE LIMITED 07. BAJAJ HOUSING FINANCE LIMITED 08. ANNEXURES a. MORE ABOUT US – ONE FINSERV STORY b. ENVIRONMENTAL, SOCIAL AND GOVERNANCE c. INDIA & BFSI OPPORTUNITY PERFORMANCE SUMMARY Update for the quarter Bajaj Finserv – Performance Summary Q2 FY2027 All Figures in ₹ Crore For the For the Quarter For the Period Period Particulars Q2 FY2027 Q2 FY2026 Growth H1 FY2027 H1 FY2026 Growth FY2026 Total Revenue 43,416 37,215 16.7% 85,453 72,515 17.8% 150,530 (Consolidated) Profit after Tax1 5,952 4,746 25.4% 12,249 10,076 21.6% 19,669 (Consolidated) Profit after Tax2 2,758 2,244 22.9% 5,890 5,033 17.0% 9,801 (Attributable to owners) Net worth 12,902 9,995 29.1% 12,902 9,995 29.1% 10,181 (Standalone) Net worth 83,974 76,490 9.8% 83,974 76,490 9.8% 77,915 (Consolidated) Surplus Funds 4,702 3,484 35.0% 4,702 3,484 35.0% 2,392 (Standalone) PAT Includes unrealized mark-to-market (MTM) loss on equity investments measured at fair value through profit and loss of Bajaj General and Bajaj Life of ₹ 121 Crore and ₹ 56 Crore respectively, for Q2 FY2027 as compared to MTM loss of ₹ 70 Crore and ₹ 91 Crore respectively for Q2 FY2026. Also realized equity gain routed through OCI stands at ₹ 42 Crore for Bajaj General and ₹ 1 Crore for Bajaj Life for Q2 FY2027 as compared to realized gain of ₹ 38 Crore and ₹ 6 Crore for Q2 FY2026 respectively. Growth in PAT (attributable to owners), excluding MTM gain/loss and including realized equity gains booked under OCI for the quarter was 22%. 1. Consolidated Profit for the Company; 2. Consolidated Profit attributable to owners Bajaj General – Performance Summary Q2 FY2027 [1/6] • Healthy performance amidst fierce market conditions GROSS WRITTEN PREMIUM • Q2 GDPI growth at 10.0% marginally lower than Industry growth of 12.4% on account of tactical ↑ 21.3% reduction in Crop segment due to weak pricing ↑ 10.0% ₹ 7,056 Cr | Q2 FY27 ₹ 5,636 Cr | Q2 FY27 EX. CROP & GOVT TOTAL GWP ₹ 6,413 Cr | Q2 FY26 ₹ 4,647 Cr | Q2 FY26 • Q2 GDPI growth excluding Crop & Govt. health at HEALTH 21.5%, significantly higher vs Industry at 13.2% - primarily driven by strong growth in Health* (31.5%) & Motor (18.3%) PROFITABILITY • De-growth in PAT due to lower capital gains attributable to the volatile equity markets and ↓ 18.8% ₹ 420 Cr | Q2 FY27 ↓ 0.9% (abs) 15.1% | Q2 FY27 external Macro Environment, NATCAT claims of ₹ 75 Crore (Net) and impact of Buyback & Dividend PROFIT AFTER RETURN ON EQUITY ₹ 517 Cr | Q2 FY26 16.0% | Q2 FY26 TAX (ANNUALISED) • COR largely impacted on account of higher NATCAT ROE (annualized @200% solvency) is estimated to be ~16.2% claims and higher loss ratios in Health segment. COR excluding NATCAT at 102.0% OTHER METRICS • Solvency Margin for the Company stands at 229% as against the regulatory norm of 150%; down from Q2 FY2026 on account of Buyback & Dividend ↓ 2.2% (abs) ↑ 3.8% 104.5% | Q2 FY27 ₹ 36,313 Cr | Q2 FY27 • Lower growth in AUM attributable to Buyback and COMBINED ASSETS UNDER Dividend payout - ₹ 1,590 Crore in Q4 FY2026 and ₹ 102.3% | Q2 FY26 ₹ 34,974 Cr | Q2 FY26 RATIO MANAGEMENT 1,925 Crore Q1 FY2027 respectively GWP – Gross Written Premium, COR – Combined Ratio, Industry includes SAHI, Private Insurers, PSU and excludes AIC & ECGC *Health = Retail + Group + PA+ Travel Bajaj Life – Performance Summary Q2 FY2027 [2/6] REVENUE • Financial outcomes as per our strategy of focusing on ‘sustainable and profitable growth’ ↑ 22.8% ₹ 10,277 Cr | Q2 FY27 ↑ 5.0% ₹ 1,942 Cr | Q2 FY27 GWP ₹ 8,366 Cr | Q2 FY26 RWRP ₹ 1,850 Cr | Q2 FY26 • Focus continues on Retail protection which grew at 51% with 11% retail product mix • Absolute VNB and margin improvement primarily driven by retail business (product mix, cost VNB AND MARGIN optimisation, etc.) despite the impact of GST • Renewal growth continued at 17% for Q2 FY2027 ↑ 4.5% 21.6% | Q2 FY27 ↑ 39.6% ₹ 512 Cr | Q2 FY27 (abs) • Solvency remains healthy at 255% VNB ₹ 367 Cr | Q2 FY26 VNB MARGIN 17.1% | Q2 FY26 • PAT growth on a lower base – Q2 FY2026 had one time GST impact of Rs. 112 Crore, partially offset by lower capital gains attributable to external macro OTHER METRICS environment • Operations from GIFT City started in October 2026 and retail business with IndusInd bank will start in ↑ 10.8% ₹ 146,322 Cr | Q2 FY27 ↑ 324.7% ₹ 55 Cr | Q2 FY27 Q3 FY2027 ASSETS UNDER PROFIT AFTER TAX ₹ 132,060 Cr | Q2 FY26 ₹ 13 Cr | Q2 FY26 MANAGEMENT GWP – Gross Written Premium, RWRP – Retail Weighted Received Premium, VNB – Value of New Business Bajaj Finance – Performance Summary Q2 FY2027 [3/6] • An excellent quarter across all key metrics of REVENUE AUM, new customer addition, credit cost, profit, ROA and ROE ↑ 23.0% ↑ 26.5% • 1.35 Crore new loans booked in Q2 FY2027 as ₹ 15,974 Cr | Q2 FY27 ₹ 584,624 Cr | Q2 FY27 against 1.22 Crore in Q2 FY2026, growth of 10.7% NET TOTAL ASSETS UNDER INCOME ₹ 12,982 Cr | Q2 FY26 MANAGEMENT ₹ 462,261 Cr | Q2 FY26 • 44 lakh new customers added during the quarter • PAT growth before prudent management and PROFITABILITY macro-economic provision grew by 33.8% to ₹6,619 Crore ↑ 28.5% ↑ 1.5% ₹ 6,267 Cr | Q2 FY27 (abs) 20.6% | Q2 FY27 • Loan losses and provisions in Q2 FY2027 were PROFIT AFTER RETURN ON EQUITY ₹ 2,166 Crore as against ₹ 2,080 Crore in Q2 TAX ₹ 4,876 Cr | Q2 FY26 (ANNUALISED) 19.1% | Q2 FY26 FY2026. Q2 FY2027 includes a prudent management and macro-economic provision of Profit attributable to owners of the Company ₹ 337 Crore. Excluding this, loan losses and provisions were ₹ 1,829 Crore, a decline of 12.1% as against Q2 FY2026 OTHER METRICS • FINAI remains central to BFL’s long-term vision. The phase wise implementation across businesses ↑ 0.18% ↑ 0.18% and functions is underway. This will help augment 1.06% | Q2 FY27 0.42% | Q2 FY27 customer-centricity, tech transformation and (abs) (abs) 1.24% | Q2 FY26 0.60% | Q2 FY26 strengthen our lowest-risk strategic framework GNPA NNPA AUM – Assets Under Management, GNPA – Gross Non-Performing Assets, NNPA – Net Non-Performing Assets Bajaj Housing Finance* – Performance summary Q2 FY2027 [ [Showing first 8,000 characters — download PDF for full document]