Bajaj Finance Q2 Net Profit Rises 29% to Rs. 6,367 Crore

According to the company’s financial results announced on Monday, consolidated profit before tax rose 29 per cent to Rs. 8,537 crore in Q2 FY27 from Rs. 6,608 crore in Q2 FY26.

Net total income increased 23 per cent to Rs. 15,974 crore from Rs. 12,982 crore, while net interest income grew 24 per cent to Rs. 13,335 crore from Rs. 10,785 crore.

The company’s customer franchise expanded 16 per cent year-on-year to 128.85 million as of September 30, 2026, compared with 110.64 million a year earlier.

New loans booked during the quarter increased 11 per cent to 13.45 million from 12.17 million in the corresponding period last year.

Pre-provisioning operating profit rose 23 per cent to Rs. 10,699 crore from Rs. 8,685 crore. Operating expenses stood at 33 per cent of net total income, marginally lower than 33.1 per cent in the year-ago quarter.

Loan losses and provisions amounted to Rs. 2,166 crore during the quarter, compared with Rs. 2,080 crore a year earlier.

The second quarter included Rs. 337 crore in prudent management and macroeconomic provisions.

Excluding these provisions, loan losses and provisions stood at Rs. 1,829 crore, a 12 per cent decline year-on-year.

Gross non-performing assets (NPAs) and net NPAs stood at 1.06 per cent and 0.42 per cent, respectively, as of September 30, 2026, compared with 1.24 per cent and 0.60 per cent a year earlier.

The capital adequacy ratio, including Tier-II capital, stood at 20.33 per cent, with Tier-I capital at 19.43 per cent.

For the first half of FY27, consolidated AUM increased 26 per cent to Rs. 5.85 lakh crore.

Profit after tax rose 28 per cent to Rs. 12,447 crore from Rs. 9,713 crore in the corresponding period of the previous financial year, while net total income increased 23 per cent to Rs. 31,198 crore.

On a standalone basis, Bajaj Finance reported a 30 per cent rise in profit after tax to Rs. 5,536 crore in Q2 FY27 from Rs. 4,251 crore in Q2 FY26.

Standalone AUM grew 26 per cent to Rs. 4.27 lakh crore, while net interest income increased 25 per cent to Rs. 12,150 crore.

Bajaj Housing Finance Ltd, a subsidiary of Bajaj Finance, reported an 18 per cent increase in profit after tax to Rs. 757 crore, while its AUM grew 25 per cent to Rs. 1.58 lakh crore.

Bajaj Financial Securities Ltd reported a 36 per cent rise in profit after tax to Rs. 64 crore, with assets under finance increasing 59 per cent to Rs. 12,058 crore.

The board of directors had also approved, subject to shareholder approval, the issuance of securities aggregating up to Rs. 11,700 crore through a qualified institutional placement and the preferential issue of warrants convertible into equity shares aggregating up to Rs. 5,800 crore to Bajaj Finserv Ltd, the company’s promoter and holding company.