Bajaj Holdings & Investment Limited (BAJAJHLDNG)
₹11,198.00 -0.24% last close, 16 Oct
Q2 FY27 results
📅 Next results: 03 Nov 2026 (board meeting)Bajaj Holdings & Investment Limited's board meets on 3 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Operating profit | ₹356 | +23.3% | — |
| Net profit | ₹2,708 | -22.3% | — |
| EPS (₹) | 243.18 | -22.4% | — |
BAJAJHLDNG delivery percentage and open interest
NSE end-of-day data for
On Fri, 16 Oct 2026, 36.26% of the BAJAJHLDNG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.82%. That is lower than usual for this stock. In BAJAJHLDNG futures, open interest fell 0.28% while the futures price fell 0.36%: long unwinding (longs closing out).
Delivery in the last 5 sessions: 43.8% · 51.5% · 62.0% · 32.6% · 36.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Bajaj Holdings & Investment Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by its Registrar and Share Transfer Agent, KFin Technologies Limited, for the quarter ended 30 September 2026. KFin Technologies confirmed that all dematerialization requests received within the period were processed and certificates were mutilated/cancelled within the mandated 15 days. This is a purely standard regulatory filing with zero financial impact.
- Covers the quarter spanning 1st July 2026 to 30th September 2026
- RTA confirmed demat requests handled within the regulatory timeline of 15 days
- Issued by Registrar and Share Transfer Agent KFin Technologies Limited on 06th October 2026
Bajaj Holdings & Investment Limited has dispatched an administrative communication to shareholders regarding Tax Deduction at Source (TDS) on interim dividend payments and bank detail updates. The communication was sent on September 17, 2026, to shareholders registered as of the cut-off date of September 11, 2026. This notice outlines the statutory process for submitting tax exemption documentation and updating electronic payout mandates.
- Communication sent on Thursday, 17 September 2026 to eligible shareholders
- Cut-off date for shareholder communication was Friday, 11 September 2026
- Shareholders advised on statutory TDS exemption processes under the Income-tax Act
- Mandatory update requested for bank accounts to receive electronic dividend payouts via RTA KFin Technologies Ltd.
The Board of Directors of Bajaj Holdings & Investment Limited has declared an interim dividend of Rs 65 per equity share (650% on a face value of Rs 10 each) for FY 2026-27. The company fixed Monday, 21 September 2026, as the record date to determine shareholder eligibility. The dividend payout is scheduled to be credited on or before Tuesday, 13 October 2026. This distribution represents consistent cash returns to shareholders backed by holding company dividend inflows and liquid investments.
- Interim dividend declared at Rs 65 per equity share (650% of face value of Rs 10)
- Record date fixed as Monday, 21 September 2026
- Scheduled dividend credit date is on or before Tuesday, 13 October 2026
- Board meeting concluded on 15 September 2026 within a 20-minute session (9:15 a.m. to 9:35 a.m.)
Bajaj Holdings & Investment Limited has declared an interim dividend of Rs 65 per equity share of face value Rs 10 (650%) for the financial year ending March 31, 2027. The board has fixed Monday, September 21, 2026, as the record date to identify eligible shareholders. The dividend payout is scheduled to be credited on or before October 13, 2026. At the current share price of Rs 11,120, this single payout yields approximately 0.58%.
- Interim dividend declared at Rs 65 per equity share of face value Rs 10 (650%)
- Record date fixed as Monday, 21 September 2026
- Dividend payout date scheduled on or before Tuesday, 13 October 2026
- Declared for the financial year ending 31 March 2027
Bajaj Holdings & Investment Limited has announced the relocation of its Registered Office effective 1 September 2026. The office has been shifted from Akurdi, Pune (PIN: 411035) to 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune (PIN: 411014). This is a routine administrative update that does not alter the jurisdiction of the Registrar of Companies (ROC Pune) or affect business operations.
- Registered office relocated effective 1 September 2026
- New address is 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411014
- Shifted from previous location at Mumbai Pune Road, Akurdi, Pune - 411035
- No change in jurisdiction of Registrar of Companies (ROC Pune) or statutory registrations
Shareholders of Bajaj Holdings & Investment Limited (BHIL) have approved all resolutions at the 81st AGM held on July 31, 2026. A final dividend of ₹130 per share was confirmed, involving a total payout of approximately ₹1,447 crore, which is well-covered by the TTM PAT of ₹8,813 crore. While all resolutions passed, the re-appointment of Director Shekhar Bajaj faced notable resistance, with 51.08% of public institutional votes cast against the proposal. Other items, including the re-appointment of an Independent Director and commission for non-executive directors, passed with over 99% majority.
- Approved a final dividend of ₹130 per equity share for FY26 on a base of 11.13 crore shares.
- Total of 86,391 shareholders were eligible to vote as of the cut-off date of July 24, 2026.
- Resolution for re-appointment of Shekhar Bajaj passed with 89.04% total favor, but faced 51.08% opposition from institutional investors.
- Special resolution for re-appointment of Dr. Arindam Kumar Bhattacharya as Independent Director passed with 99.48% favor.
- Approval for non-executive director commission for 5 years starting April 1, 2026, received 99.99% support.
Bajaj Holdings & Investment Limited conducted its 81st Annual General Meeting on July 31, 2026. Shareholders considered the declaration of a ₹130 per equity share dividend for FY2026, representing a significant payout relative to its FY26 net profit of ₹7,061.75 Cr. The meeting also covered the re-appointment of key directors and the approval of commissions for non-executive directors for a five-year term. No adverse remarks were noted in the Statutory or Secretarial Auditor reports for the fiscal year.
- Proposed dividend of ₹130 per equity share of face value ₹10 for FY2026
- Re-appointment of Dr. Arindam Kumar Bhattacharya as Independent Director for a second 5-year term
- Approval sought for payment of commission to non-executive directors for 5 years starting April 1, 2026
- 177 members attended the meeting conducted via video conferencing
- Statutory and Secretarial Auditor reports for FY2026 contained no adverse remarks or qualifications
Bajaj Holdings & Investment Limited (BHIL) reported a consolidated Profit After Tax (PAT) of ₹2,708.08 Cr for Q1 FY27, a decline from ₹3,503.84 Cr in Q1 FY26 primarily due to a high base effect from a ₹1,521.88 Cr exceptional gain in the previous year. Excluding exceptional items, the underlying performance was strong, driven by a 24.6% YoY increase in the share of profits from associates (Bajaj Auto and Bajaj Finserv) to ₹2,358.69 Cr. Total comprehensive income for the quarter stood at ₹6,030.82 Cr, reflecting significant fair value gains in its investment portfolio. The company remains in the process of re-categorizing as an Unregistered Core Investment Company (CIC) with the RBI.
- Consolidated PAT stood at ₹2,708.08 Cr for Q1 FY27 compared to ₹3,503.84 Cr in Q1 FY26.
- Share of profits from associates increased to ₹2,358.69 Cr from ₹1,893.32 Cr in the year-ago period.
- Q1 FY26 results included a one-time exceptional profit of ₹1,521.88 Cr from the sale of Bajaj Finserv shares.
- Consolidated Total Income rose to ₹419.32 Cr from ₹337.59 Cr YoY, excluding associate profit shares.
- Basic and Diluted EPS for the quarter was ₹243.18, down from ₹313.27 in Q1 FY26 due to the base effect.
Bajaj Holdings & Investment Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited, confirms that all share dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandatory 15-day window. This filing is a standard administrative procedure to verify that physical share certificates were properly mutilated and cancelled after being converted to electronic form. There are no financial implications or changes to business operations reported in this announcement.
- Demat requests processed within 15 days of receipt from depository participants
- Covers the reporting period from 1st April 2026 to 30th June 2026
- Confirmation provided by Registrar and Share Transfer Agent, KFin Technologies Limited
- Verification and cancellation of physical security certificates completed as per SEBI norms
Bajaj Holdings & Investment Limited (BHIL) has issued a notice for its 81st Annual General Meeting (AGM) to be held on July 31, 2026. The primary financial highlight is the declaration of a final dividend of ₹130 per equity share for FY2026, representing a yield of approximately 1.2% at current prices. Other key agenda items include the re-appointment of Dr. Arindam Kumar Bhattacharya as an Independent Director for a second five-year term and the approval of commissions for non-executive directors capped at 1% of net profits. The cut-off date for dividend eligibility and e-voting is July 24, 2026.
- Proposed final dividend of ₹130 per equity share of face value ₹10 for FY2026
- 81st Annual General Meeting scheduled for July 31, 2026, at 4:00 p.m. IST via VC/OAVM
- Cut-off date for determining voting and dividend eligibility set for July 24, 2026
- Special resolution for re-appointment of Dr. Arindam Kumar Bhattacharya as Independent Director for 5 years until 2031
- Approval sought for commission to non-executive directors not exceeding 1% of annual net profits
Bajaj Holdings & Investment Limited (BHIL) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is for the quarter ending June 30, 2026, and applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results. BHIL is a significant holding company with a market capitalization of Rs 1,19,978 Cr and a TTM PAT of Rs 8,813 Cr.
- Trading window closure begins on Wednesday, July 1, 2026
- Closure pertains to the financial results for the quarter ending June 30, 2026
- Window to reopen 2 days after the board meeting for results declaration
- Company manages a massive investment portfolio valued at Rs 2,36,429 Cr
Bajaj Holdings & Investment Limited has initiated communication with shareholders regarding the Tax Deduction at Source (TDS) process for its upcoming final dividend. The company informed shareholders holding shares as of the June 5, 2026, cut-off date about the taxability of dividend income under the Income-tax Act, 2025. Investors are required to update their bank account details with Depository Participants or the RTA, KFin Technologies, to facilitate electronic payments. The notice also provides guidance on submitting documentation for tax exemption or lower deduction rates.
- Communication sent to shareholders holding shares as of the cut-off date, June 5, 2026.
- Dividend income is taxable in the hands of shareholders as per the Income-tax Act, 2025, requiring TDS.
- Mandatory electronic payment of dividends as per SEBI Listing Regulations.
- Shareholders must update bank details with Depository Participants or KFin Technologies Ltd for physical holdings.
- Process and documentation for claiming tax exemptions on dividends have been detailed in the shareholder notice.
Bajaj Holdings & Investment Limited has recommended a significant final dividend of ₹130 per share for the financial year ended March 31, 2026. This payout includes a special dividend of ₹50 per share to commemorate the 100th anniversary of the Bajaj Group. The board also approved the audited financial results for FY26 and scheduled the 81st Annual General Meeting for July 31, 2026. Additionally, the company has re-appointed Dr. Arindam Bhattacharya as an Independent Director for a second five-year term.
- Recommended a total final dividend of ₹130 (1300%) per equity share of face value ₹10
- Includes a special payout of ₹50 (500%) in celebration of 100 years of the Bajaj Group
- Record date for dividend eligibility is fixed as Tuesday, June 30, 2026
- Re-appointment of Dr. Arindam Bhattacharya as Independent Director for a second term of 5 years
- Audited financial results for FY26 submitted with an unmodified audit opinion
Bajaj Holdings & Investment Ltd has recommended a final dividend of ₹130 per share (1300%) for FY26, which includes a special ₹50 payout to celebrate the Bajaj Group's 100th anniversary. The board also approved the re-appointment of Dr. Arindam Bhattacharya as an Independent Director for a second five-year term starting September 17, 2026. The record date for the dividend is set for June 30, 2026, with payment expected by August 5, 2026. Financial results for the year ended March 31, 2026, were approved with a clean audit report.
- Recommended a final dividend of ₹130 (1300%) per equity share of ₹10 face value for FY2026.
- Dividend includes a special payout of ₹50 per share celebrating 100 years of the Bajaj Group.
- Dr. Arindam Bhattacharya re-appointed as Independent Director for a second term from 2026 to 2031.
- Fixed June 30, 2026, as the record date for determining eligibility for the final dividend.
- Audited financial results for FY26 submitted with an unmodified audit opinion.
Bajaj Holdings & Investment Limited has recommended a substantial final dividend of ₹130 per share for the financial year ended March 31, 2026. This payout includes a special dividend of ₹50 per share to celebrate the 100th anniversary of the Bajaj Group. The company has fixed June 30, 2026, as the record date to determine eligible shareholders, with the payment scheduled to be completed by August 5, 2026. Additionally, the board has approved the re-appointment of Dr. Arindam Bhattacharya as an Independent Director for a second five-year term.
- Recommended a total final dividend of ₹130 per equity share (1300% of face value) for FY26.
- Includes a special payout of ₹50 per share (500%) celebrating 100 years of the Bajaj Group.
- The record date for dividend eligibility is fixed as Tuesday, June 30, 2026.
- Dividend payment is scheduled to be credited to shareholders on or before August 5, 2026.
- Re-appointed Dr. Arindam Bhattacharya as Independent Director for a second 5-year term effective September 17, 2026.
Financial Performance
Revenue Growth by Segment
Consolidated income reached INR 747 Cr in H1 FY26, while the share of profits from associates grew 22.7% to INR 3,511 Cr. Key associate Bajaj Auto saw turnover grow 12% to INR 28,306 Cr, and Bajaj Finserv income increased 12% to INR 72,854 Cr, reflecting strong performance across both automotive and financial services segments.
Geographic Revenue Split
Not specifically disclosed for BHIL consolidated income; however, associate Bajaj Auto reported record domestic revenue and growth in exports across all global regions, indicating a well-diversified geographic base for its primary underlying value drivers.
Profitability Margins
Consolidated Profit After Tax (PAT) increased 65.6% to INR 5,046 Cr in H1 FY26 from INR 3,047 Cr in H1 FY25. Excluding a one-time profit of INR 1,522 Cr from the sale of Bajaj Finserv shares, adjusted PAT grew 20.3% to INR 3,665 Cr, demonstrating healthy underlying profitability from core associate holdings.
EBITDA Margin
Associate Bajaj Auto registered an excellent EBITDA margin of 20.5% in Q2 FY26, driven by a favorable product mix toward premium motorcycles and commercial vehicles, which grew at double-digit rates.
Capital Expenditure
Standalone capital expenditure for property, plant, and equipment was minimal at INR 0.02 Cr in H1 FY26, as the company's primary function is investment holding; however, its associates continue to invest in EV capacity and financial technology platforms.
Credit Rating & Borrowing
Not disclosed in available documents; however, the group maintains a strong liquidity position with surplus funds of INR 14,244 Cr at the Bajaj Auto level as of September 30, 2025.
Operational Drivers
Raw Materials
Bajaj Auto utilizes steel, aluminum, rubber, plastics, and lithium-ion cells for its vehicle range, including the Pulsar and Chetak brands. These materials are critical for maintaining production volumes and managing cost structures.
Import Sources
Not specifically disclosed, but EV components and lithium-ion cells for the Chetak portfolio are typically sourced from global markets like China, while traditional materials like steel and aluminum are primarily sourced domestically.
Capacity Expansion
Bajaj Auto is actively scaling its electric vehicle (Chetak) and electric commercial vehicle portfolios to meet growing demand, though specific unit capacity targets are not detailed in the reports.
Raw Material Costs
Raw material costs for the standalone entity were INR 0.19 Cr, but the primary impact is at the associate level where Bajaj Auto's 20.5% EBITDA margin suggests effective cost management despite commodity price fluctuations.
Manufacturing Efficiency
Bajaj Auto's EBITDA growth of 19% vs turnover growth of 12% in H1 FY26 indicates superior manufacturing efficiency and the ability to extract higher value from its premium product range.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved by acquiring a larger stake in the insurance JVs (up to 19.95% from Allianz), scaling the Bajaj Finance loan book (which grew 24% in H1 FY26 to 25.7 million new loans), and expanding the Chetak EV and premium motorcycle portfolios.
Products & Services
Pulsar motorcycles, Chetak electric scooters, commercial vehicles, Bajaj Allianz insurance policies, and Bajaj Finance personal and business loans.
Brand Portfolio
Bajaj, Pulsar, Chetak, Bajaj Allianz, and Bajaj Finance.
New Products/Services
New variants of the Chetak EV and premium motorcycles are expected to contribute to the 12% turnover growth in the auto segment, though specific percentage contributions for new models are not disclosed.
Market Expansion
Bajaj Auto is expanding its global footprint with export growth across regions, while the financial services arm is deepening its reach in the domestic market through 25.7 million new loans in H1 FY26.
Market Share & Ranking
Bajaj Auto holds a leading position in the premium motorcycle and commercial vehicle segments, while Bajaj Finance is a dominant player in the Indian NBFC space with 25.7 million new loans booked in H1 FY26.
Strategic Alliances
The primary alliance is with Allianz SE in the insurance JVs (Bajaj Allianz General and Life), which is currently transitioning as the Bajaj group moves to acquire Allianz's 26% stake.
External Factors
Industry Trends
The industry is trending toward electric mobility and increased financialization, with BHIL positioned to benefit through its stakes in Chetak EV and Bajaj Finance (24% loan growth).
Competitive Landscape
Key competitors include other major auto manufacturers like TVS and Hero, and financial service providers like HDFC and Jio Financial.
Competitive Moat
The company's moat is sustained by its massive investment portfolio with a market value of INR 236,429 Cr (against a cost of INR 21,430 Cr) and the market leadership of its associates in the auto and finance sectors.
Macro Economic Sensitivity
The company is sensitive to macro factors like GST reforms, which are expected to provide tailwinds for growth in the automobile and financial services sectors by simplifying tax structures.
Consumer Behavior
Consumers are shifting toward premium and electric vehicles, as well as digital financial services, which aligns with the group's product strategy and 20% growth in Life Insurance GWP.
Geopolitical Risks
Geopolitical instability could impact Bajaj Auto's exports, which are a key driver of the INR 3,511 Cr share of associate profits that flow to BHIL.
Regulatory & Governance
Industry Regulations
Insurance sector regulations, such as the 1/n basis for GWP measurement, directly impact the reported performance of the group's insurance subsidiaries.
Environmental Compliance
The group is investing in EV technology (Chetak) to comply with environmental regulations and meet the growing demand for sustainable transport, reducing long-term regulatory risk.
Taxation Policy Impact
The company benefits from a relatively low effective consolidated tax rate of approximately 8.5% (INR 485.71 Cr on INR 5,679.43 Cr PBT) due to the nature of its investment income and associate profit sharing.
Legal Contingencies
The company has resolved certain past tax matters, resulting in a tax credit of INR 86.12 Cr in the current period, which improves PAT.
Risk Analysis
Key Uncertainties
The lack of quarterly data for Pierer Bajaj AG (PBAG) remains a key uncertainty for auditors, potentially impacting consolidated profit figures by an undetermined amount.
Geographic Concentration Risk
The group has a strong domestic base in India but is increasingly diversified through Bajaj Auto's global exports, which grew across all regions in H1 FY26.
Third Party Dependencies
The group depends on key technology partners for EV development and on the successful exit of Allianz from the insurance JVs to consolidate control.
Technology Obsolescence Risk
The risk of ICE technology becoming obsolete is being mitigated by aggressive investment in the Chetak EV platform and electric commercial vehicles.
Credit & Counterparty Risk
Bajaj Finance manages credit risk across its 25.7 million new loans through advanced data analytics, though high loan growth increases overall counterparty exposure.
