Bajaj Finance’s Q2 net profit hit ₹6,367 crore, up 28.8% YoY, yet shares slid 2.5% to ₹957.35 ahead of the announcement.
Net interest income grew 23.6% YoY to ₹13,335 crore, lifting total income to ₹15,974 crore, a 23% jump.
Assets under management surged 26% YoY to ₹5.85 lakh crore, adding ₹37,680 crore during the quarter. New loans rose 11% to 13.45 million, while customers added 4.42 million to reach 128.85 million.
Gross NPA eased to 1.06% from 0.96% sequentially, though it remains above last year’s 1.24%. Net NPAs climbed to 0.42% from 0.39% quarter‑on‑quarter, still under 0.60% year‑ago. Loan loss provisions rose 4% YoY to ₹2,166 crore, including a ₹337 crore earmarked for management and macro risks.
Pre‑tax profit jumped 29% YoY to ₹8,537 crore, pre‑provisioning operating profit rose 23% to ₹10,699 crore. ROA climbed to 4.6% from 4.5%, ROE to 20.6% from 19.1%. Cost of funds fell 9 bps sequentially to 7.31%.
Bajaj Finance forecasts 60‑62 million new loans and 18‑20 million new customers in FY27, plans 150‑175 new branches, and expects operating expenses as a % of net total income to improve by 25‑40 bps.