Bajaj Nivesh Q2 FY27 Results: Standalone Net Profit ₹293 Crore on Total Income of ₹297 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew slightly faster than total income, at 9.8% against 9.7%, and almost all income came from dividends. Dividend income of ₹289.81 crore made up most of the ₹297.37 crore total, while interest income was ₹7.07 crore and other income was ₹0.01 crore, so other income was effectively nil this quarter.

Profit before tax of ₹295.88 crore against a tax expense of ₹2.61 crore gives a net profit of ₹293.27 crore, a net profit margin of 98.62%. The year-ago quarter's tax expense of ₹2.73 crore was close to this quarter's, so the tax line moved little year on year, but against the preceding quarter the tax charge rose sharply from ₹1.23 crore.

The statement does not show finance costs or depreciation for the quarter, so those lines cannot be set against income. Other comprehensive income was a loss of ₹158.17 crore, which brought total comprehensive income down to ₹135.10 crore even though profit after tax was ₹293.27 crore; the filing does not explain the fair value movement behind it.

The filing also notes a tax provision of ₹769 lakh written back for the year ended 31 March 2025 under section 80M of the Income Tax Act, 1961, shown as a short or excess provision for earlier years. The notes describe that write-back but do not link it to the quarter's results.

Inference

The results show a company whose income is almost entirely dividend income, with profit tracking that income closely. The interim dividend of ₹160 per share, ₹182.86 crore in total, was declared on 15 Sep 2026 and paid on 13 Oct 2026, after the quarter ended. Book value is stated as ₹28,360 per share at 30 Sep 2026.

The filing does not give the record date for the interim dividend, a reason for the fair value movement in other comprehensive income, or the link between the earlier tax write-back and the current quarter's figures, and it is not known from the text how these will affect future results.

Reference: Original filing (PDF)