- Home
- Results news
- Bajaj Holdings & Investment
- Q2 FY27 results
Bajaj Holdings & Investment Q2 FY27 results: net profit up 26.5% to ₹2,137 crore, revenue down 54.2%
Bajaj Holdings & Investment Limited reported consolidated revenue of ₹181.73 crore and net profit of ₹2,137 crore for Q2 FY27. Revenue and profit before tax fell from Q2 FY26, while net profit rose 26.5% and basic EPS increased 27.8% to ₹179.11.
Key points
- Consolidated Q2 FY27 revenue was ₹181.73 crore, down 54.2% from Q2 FY26 and down 53.9% from Q1 FY27.
- Net profit was ₹2,137 crore, up 26.5% from Q2 FY26 but down 21.1% from Q1 FY27.
- Profit before tax was ₹144.70 crore, down 59.6% from Q2 FY26 and down 59.3% from Q1 FY27.
- Basic EPS was ₹179.11, up 27.8% from Q2 FY26 and down 26.3% from Q1 FY27.
- By the next day's close, the stock was up 5.1% from its pre-results close, against a 2.7% median move for other Holding Company stocks.
How did Bajaj Holdings & Investment perform in Q2 FY27?
On the consolidated basis, Bajaj Holdings & Investment reported Q2 FY27 revenue of ₹181.73 crore, against ₹396.87 crore in Q2 FY26 and ₹394.33 crore in Q1 FY27. Revenue fell 54.2% year on year and 53.9% sequentially. Profit before tax was ₹144.70 crore, down 59.6% from ₹358.19 crore a year earlier and 59.3% from ₹355.77 crore in the previous quarter.
Net profit was ₹2,137 crore in Q2 FY27, compared with ₹1,690 crore in Q2 FY26 and ₹2,708 crore in Q1 FY27. The year-on-year increase was 26.5%, while the sequential decline was 21.1%. Profit attributable to owners was ₹1,993 crore, up 27.9% from Q2 FY26, and basic EPS was ₹179.11, up 27.8% from ₹140.10 but down 26.3% from ₹243.18.
The company did not report EBITDA or EBITDA margin for the quarter. On the standalone basis, revenue was ₹1,710.74 crore and profit after tax was ₹1,404.03 crore, against ₹2,180.76 crore in Q2 FY26.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 181.73 | 394.33 | 396.87 | −54.2% | −53.9% |
| Other income | 1.92 | 24.99 | 12.92 | −85.1% | −92.3% |
| Total expenses | 38.95 | 63.55 | 51.60 | −24.5% | −38.7% |
| Profit before tax | 144.70 | 355.77 | 358.19 | −59.6% | −59.3% |
| Tax | 274.47 | 6.38 | 285.78 | −4.0% | +4202.0% |
| Net profit | 2,137 | 2,708 | 1,690 | +26.5% | −21.1% |
| EPS (₹) | 179.11 | 243.18 | 140.10 | +27.8% | −26.3% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Bajaj Holdings & Investment's costs and profit?
Consolidated total expenses fell to ₹38.95 crore in Q2 FY27 from ₹51.60 crore in Q2 FY26, a decline of ₹12.65 crore or 24.5%. Employee cost fell by ₹4.37 crore to ₹6.80 crore, depreciation fell by ₹6.99 crore to ₹0.97 crore, and other expenses fell by ₹1.10 crore to ₹31.18 crore. Finance costs fell by ₹0.19 crore from the year-ago quarter, and there was no exceptional item.
Other income fell by ₹11 crore to ₹1.92 crore from ₹12.92 crore in Q2 FY26. Profit before tax declined by ₹213.49 crore, or 59.6%, while tax expense fell by ₹11.31 crore, or 4.0%, to ₹274.47 crore. Despite the lower profit before tax, net profit rose by ₹447.19 crore, or 26.5%, to ₹2,137 crore.
Against Q1 FY27, total expenses fell by ₹24.60 crore to ₹38.95 crore, including lower employee cost, depreciation and other expenses. Other income fell by ₹23.07 crore to ₹1.92 crore, while tax expense rose by ₹268.09 crore to ₹274.47 crore. The filing did not state the reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 6.80 | 11.17 | −4.37 | −39.1% |
| Finance costs | 0 | 0.19 | −0.19 | |
| Depreciation | 0.97 | 7.96 | −6.99 | −87.8% |
| Other expenses | 31.18 | 32.28 | −1.10 | −3.4% |
| Total expenses | 38.95 | 51.60 | −12.65 | −24.5% |
| Other income | 1.92 | 12.92 | −11 | −85.1% |
| Tax | 274.47 | 285.78 | −11.31 | −4.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹576.06 crore, down 20.2% from ₹721.53 crore in H1 FY26. Total income fell 19.3% to ₹602.97 crore from ₹747.38 crore, while profit before tax fell 76.9% to ₹500.47 crore from ₹2,168.64 crore.
Consolidated profit after tax for the first half was ₹4,845.15 crore, down 6.7% from ₹5,193.72 crore in H1 FY26. Basic EPS was ₹422.29, down 6.9% from ₹453.40 in the previous first half. The company reported no exceptional item for Q2 FY27.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 576.06 | 721.53 | −20.2% |
| Profit before tax | 500.47 | 2,169 | −76.9% |
| Net profit | 4,845 | 5,194 | −6.7% |
| EPS (₹) | 422.29 | 453.40 | −6.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹88,227.32 crore, compared with ₹85,187.41 crore at 31 March 2026. Total equity was ₹84,341.87 crore, up from ₹82,418.50 crore. Cash fell to ₹3.92 crore from ₹11.75 crore, while borrowings were not reported.
For H1 FY27, operating cash flow was ₹1,924.29 crore, compared with negative ₹3,661.99 crore in H1 FY26. Investing cash flow was ₹300.25 crore against ₹4,735.97 crore, and financing cash flow was negative ₹2,232.37 crore against negative ₹1,144.03 crore. Capital expenditure was ₹0.17 crore, compared with ₹0.02 crore in the year-ago period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 88,227 | 85,187 |
| Total equity | 84,342 | 82,418 |
| Cash and equivalents | 3.92 | 11.75 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 1,924 | −3,662 |
| Cash from investing | 300.25 | 4,736 |
| Cash from financing | −2,232 | −1,144 |
| Capital expenditure | 0.17 | 0.02 |
Source: Company's results filing (XBRL).
How has Bajaj Holdings & Investment done over the last 8 quarters?
Revenue moved unevenly across the last eight quarters. It reached ₹396.87 crore in Q2 FY26 and fell to ₹60.54 crore in Q4 FY26, before recovering to ₹394.33 crore in Q1 FY27 and declining to ₹181.73 crore in Q2 FY27. The latest quarter was therefore below the previous quarter but above the Q4 FY26 low.
Net profit ranged from ₹1,689.88 crore in Q2 FY26 to ₹3,503.84 crore in Q1 FY26. It increased to ₹2,708.08 crore in Q1 FY27 before falling to ₹2,137.07 crore in Q2 FY27. EBITDA margin was not reported in the quarterly trend, so no peak or trough for that measure can be stated.
How did Bajaj Holdings & Investment shares react?
The filing was released after market hours. From the price when the filing appeared, the stock was up 0.2% after 5 minutes, 0.6% after 15 minutes and 1.1% after 30 minutes. On the reaction day, it closed 1.4% above the previous close, and by the next day's close it was up 5.1% from that pre-results close.
The median reaction-day move for other Holding Company stocks was 1.4%, equal to Bajaj Holdings & Investment's move. By the next day's close, the industry median gain was 2.7%, leaving the stock 2.4 percentage points ahead of it. Earlier results-day moves were mixed, including 0.6% on 31 July 2026, negative 0.2% on 7 May 2026 and negative 1.2% on 11 November 2025.
| After the filing | Stock | Holding Company median |
|---|---|---|
| 5 minutes | +0.2% | |
| 15 minutes | +0.6% | |
| 30 minutes | +1.1% | |
| Reaction day | +1.4% | +1.4% |
| Next day | +5.1% | +2.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 31 July 2026 | +0.6% |
| 7 May 2026 | −0.2% |
| 4 February 2026 | −0.5% |
| 11 November 2025 | −1.2% |
| 6 August 2025 | +1.6% |
| 30 May 2025 | +1.5% |
| 30 January 2025 | +3.0% |
| 23 October 2024 | −1.6% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Bajaj Holdings & Investment's revenue in Q2 FY27?
Revenue from operations was ₹181.73 crore, down 54.2% from ₹396.87 crore in Q2 FY26 (consolidated).
Did Bajaj Holdings & Investment make a profit in Q2 FY27?
Yes. Net profit was ₹2,137 crore, against a net profit of ₹1,690 crore in Q2 FY26.
What was Bajaj Holdings & Investment's EPS in Q2 FY27?
Basic earnings per share were ₹179.11, against ₹140.10 in Q2 FY26.
How did Bajaj Holdings & Investment shares react to the Q2 FY27 results?
On the reaction day the stock moved +1.4% from the previous close; the median Holding Company stock moved +1.4%.
When did Bajaj Holdings & Investment announce its Q2 FY27 results?
On 3 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Considering And Approving Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30 September 2026 (BSE, 5 October 2026) · PDF
- Outcome of Board Meeting (NSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.