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Dividend bonanza lifts Bajaj Finserv as profit hits Rs 1,085 crore in Q2
MUMBAI: When dividends rain, Bajaj Finserv shines. The financial services powerhouse reported a robust standalone profit of Rs 1,085.18 crore for the quarter ended September 2025, up 20 per cent from Rs 907.57 crore a year earlier, driven largely by a gush of dividend inflows from group companies.
The second quarter’s total income stood at Rs 1,481.28 crore, a 21 per cent rise over the year-ago figure of Rs 1,227.14 crore. The spike came primarily on the back of dividend income, which soared to Rs 1,405.21 crore, a massive jump from Rs 1,144.14 crore in Q2 FY24 accounting for nearly 95 per cent of the company’s revenue from operations.
Interest income, however, slipped to Rs 54.93 crore from Rs 59.89 crore a year earlier, while rental income and wind power revenue contributed Rs 1.21 crore and Rs 9.88 crore respectively.
Expenses remained in check, rising modestly to Rs 78.05 crore in the quarter compared to Rs 61.39 crore a year ago. Employee costs were the biggest contributor at Rs 54.16 crore, followed by other expenses of Rs 22.54 crore and depreciation of Rs 1.35 crore.
Profit before tax came in at Rs 1,403.23 crore, up 20 per cent from Rs 1,165.75 crore in the same quarter last year. However, a steep tax bill of Rs 318.05 crore (up from Rs 258.18 crore in Q2 FY24) trimmed the bottom line, even as the company benefited from a Rs 40.21 crore tax credit from earlier years.
After tax, Bajaj Finserv’s net profit stood at Rs 1,085.18 crore, while total comprehensive income (including other gains and losses) was Rs 1,084.32 crore. Basic earnings per share came in at Rs 6.8, compared with Rs 5.7 in the corresponding period last year.
For the half year ended September 2025, total income reached Rs 1,935.56 crore, while net profit stood at Rs 1,415.10 crore marginally lower than Rs 1,540.61 crore reported for the same period last year.
On the balance sheet, total assets rose sharply to Rs 10,222.91 crore as of September 2025, compared with Rs 8,611.81 crore a year ago. Financial assets accounted for the bulk of this, led by Rs 6,073.40 crore in investments in subsidiaries and joint ventures and Rs 3,484.13 crore in other investments.
Other equity swelled to Rs 9,835.61 crore, up from Rs 8,142.97 crore in September 2024, underscoring the company’s growing investment base and capital strength.
From a cash flow perspective, Bajaj Finserv continued to maintain healthy liquidity. The company generated Rs 1,723.49 crore from operating activities during the half year, with significant inflows from investment realisations. Cash and cash equivalents stood at Rs 6.34 crore at the end of September, down from Rs 18.04 crore at the end of March, reflecting strategic capital deployment.
While the quarter may not have seen fireworks on the lending or operating front, Bajaj Finserv’s dividend-driven engine kept profits sizzling. The steady stream of returns from its subsidiaries Bajaj Finance and Bajaj Allianz among them remains the secret sauce behind the company’s enviable earnings consistency.
In short, Bajaj Finserv didn’t just cash in on dividends this quarter, it turned them into a masterclass in financial finesse.
Brands
Ather Energy doubles service network to 500 centres nationwide
EV maker scales support alongside growth to keep riders on the road
MUMBAI: Ather Energy is quietly building more than just scooters. It is building the backbone to keep them running.
The electric two-wheeler maker has expanded its service network to 500 authorised centres across India, nearly doubling its footprint in a year from 277. The move mirrors its growing retail presence and signals a clear focus on one often overlooked part of EV ownership, what happens after the purchase.
From the outset, Ather has prioritised service support in every city it enters, aiming to make ownership as smooth as the ride itself. Its Gold Service Centres bring in upgraded customer lounges, modern equipment and processes designed to make servicing more transparent and reliable.
Speed, too, is part of the pitch. Through its ExpressCare initiative, riders can get periodic maintenance done in about an hour, now available across 82 centres, turning what used to be a chore into a quick pit stop.
Ather Energy chief business officer Ravneet Singh Phokela said, “Crossing 500 service centres is an important milestone as we scale across the country. Reliable after-sales support is central to the ownership experience, and our focus remains on consistent service quality and accessibility.”
The expansion comes as demand grows for models like the Ather 450 and the Rizta, which have helped the company reach a broader set of riders across metros and emerging cities alike.
Alongside servicing, Ather continues to power up infrastructure through the Ather Grid, now one of the largest fast-charging networks for two-wheelers, with over 4,300 charging points.
With plans to scale further and deepen its presence, Ather’s approach is clear. Selling the scooter may start the journey, but keeping it running smoothly is what sustains it.
