Bajaj Holdings & Investment (500490) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated PAT attributable to owners was ₹1,993 crore vs ₹1,559 crore; standalone PAT was ₹1,404 crore vs ₹2,181 crore.

• H1 FY27 consolidated PAT was ₹4,700 crore vs ₹5,046 crore; excluding the prior-period BFS share-sale gain, it was ₹4,700 crore vs ₹3,665 crore. Standalone PAT was ₹1,748 crore vs ₹4,217 crore; excluding the gain, ₹1,748 crore vs ₹2,375 crore.

Financial highlights

• Q2 total income was ₹184 crore consolidated vs ₹410 crore, and ₹1,713 crore standalone vs ₹2,514 crore; standalone dividend income was ₹1,666 crore vs ₹2,205 crore.

• Q2 share of associate profits rose to ₹2,267 crore from ₹1,617 crore; H1 increased to ₹4,626 crore from ₹3,511 crore.

• H1 consolidated total comprehensive income was ₹5,506 crore vs ₹6,723 crore, including Q2 OCI of negative ₹2,662 crore vs positive ₹216 crore.

Outlook and guidance

• Income is expected to be predominantly dividends and interest from investments; the application for Unregistered Core Investment Company re-categorisation remains under RBI review.