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Bajaj Finance Q2 Net Profit Jumps 29 Percent To ₹6,367 Crore On Strong NII Growth
- •Bajaj Finance reported a 28.8% year-on-year increase in consolidated net profit to ₹6,367 crore for the September quarter.
- •Net interest income grew 23.6% year-on-year to ₹13,335 crore, driven by robust asset growth.
- •Assets under management expanded by 26% year-on-year to reach ₹5.85 lakh crore as of September 30, 2026.
- •The company booked 13.45 million new loans in Q2, marking an 11% increase from the previous year.
- •Gross non-performing assets stood at 1.06%, showing slight sequential weakening but improving compared to the previous year.
Key Questions Answered
Bajaj Finance reported a 28.8% year-on-year rise in consolidated net profit to ₹6,367 crore for the September quarter of FY27. Additionally, its core net interest income (NII) increased by 23.6% year-on-year to reach ₹13,335 crore.
Gross NPAs stood at 1.06% and net NPAs rose to 0.42% as of September 30, 2026, marking a slight sequential increase from the June quarter but remaining lower than the previous year. Total loan losses and provisions were ₹2,166 crore, which included a ₹337 crore provision for macroeconomic risks.
For the financial year 2027, Bajaj Finance expects to disburse between 60 and 62 million new loans and add 18 to 20 million new customers. The company also plans to open 150 to 175 new locations and expects its operating expenses relative to net total income to improve by 25 to 40 basis points.
