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Informist, Monday, Nov. 10, 2025

 

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--Bajaj Finance: Expect full year credit cost at upper end of 1.85-1.95% 
--CONTEXT: Comments by Bajaj Finance's mgmt at post-earnings analyst concall 
--Bajaj Finance: Expect to add 17 mln new customers in FY26 
--Bajaj Finance: Revise FY26 growth guidance to 22-23% from 23-24?rlier 
--Bajaj Finance: Expect significant improvement in credit cost in FY27 
--Bajaj Finance: Expect MSME business to grow by 10-12% in FY26 
--Bajaj Finance: Consumer loan demand momentum continuing post festive season 
--Bajaj Fin: Expect gold loans to rise to around INR 300 bln by March 2027 

 

By Kabir Sharma and Shubham Rana

 

MUMBAI – Bajaj Finance Ltd. has revised its growth guidance for 2025-26 (Apr-Mar) downward to 22-23% from 23-24?rlier, its management said in a post-earnings analyst call. "If I look at the outlook, the company has decided to take a prudent and balanced stance on AUM (assets under management) growth for FY26. We now think the growth will be in the region of 22-23% as compared to our earlier assessment...due to a set of risk actions that we have taken in MSME (micro, small, and medium enterprises) business and the revised assessment provided by BHFL (Bajaj Housing Finance Ltd.) on its AUM growth," Vice-Chairman and Managing Director Rajeev Jain said.

 

The lender's assets under management grew 24% to INR 4.62 trillion as of Sept. 30. The AUM increased by INR 208.11 billion in the September quarter. The sharp rise in AUM was supported by an increase in the number of new loans booked. New loans in Jul-Sept rose 26% on year to 12.17 million.

 

In terms of new loans, the company expects the momentum from the festival season to continue, the management said. The lender saw strong momentum in consumption finance during the festival season, disbursing 6.3 million consumer loans, recording 27% volume growth and 29% value growth compared to the same period last year, the company said.

The annualised credit cost to average assets under management stood at 2.02% as of Sept. 30, exceeding the company's guided range of 1.85-1.95%. However, it is expected to fall back into the range by the end of the current financial year. "We expect full year credit cost to come within 1.85% to 1.95% for FY26 and we expect significant improvements in credit cost for FY27," Jain said.

 

The micro small and medium enterprises portfolio, which faced some troubles, remains under watch and the company has taken significant risk actions, it said. "We have virtually cut MSME business by 25% in our unsecured MSME volumes. We now expect MSME business to grow in the current full fiscal by 10-12% only," Jain said.

 

The company plans to expand gold loans to INR 300 billion by the end of FY27, Jain said. "We're going to test with 300 points of sales, service, and gold loan branches to identify existing customers and create a wow experience when they walk into these branches or points of sale. That's something that will go live between now and December and should help significantly transform the experience," he said.

 

The non-bank lender expects to add 17 million new customers by the end of the current financial year, it said. Customer franchise stood at 110.64 million as of Sept. 30. Bajaj Finance reported a net profit of INR 48.75 billion for the September quarter, up from INR 40.00 billion a year ago. Shares of the company closed nearly 2% higher at INR 1,085 on the National Stock Exchange.  End

 

Edited by Ashish Shirke

 

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