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Informist, Thursday, Jul. 30, 2026

 

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--Bajaj Finance: FY27 outlook contingent on geopolitical events 
--Bajaj Finance: Optimistic about credit cost outlook for FY27 
--Bajaj Fin:To improve operational expense-net total income ratio by 25-40 bp 
--Bajaj Finance: Expect to close FY27 with 520-550 microfinance branches 
--Bajaj Finance: Expect to close FY27 with 2,700-2,800 gold loan branches 
--Bajaj Finance: Plans to open 150-175 new locations in FY27 
--Bajaj Finance: Expect to disburse 60 mln-62 mln new loans in FY27 
--Bajaj Finance: Expect to add 18 mln-20 mln new customers in FY27 
--Bajaj Finance: Consol deposits at INR 685.34 bln on Jun 30, down 5% on yr 
--Bajaj Finance Q1 consol new loans booked 16.13 mln, up 20% on yr 
--Bajaj Finance Q1 consol loan loss provisions INR 19.93 bln vs INR 19.69 bln 
--Bajaj Finance consol provision coverage ratio 60% on Jun 30 
--Bajaj Finance consol net NPA ratio 0.39% on Jun 30 vs 0.50% yr ago 
--Bajaj Finance capital adequacy ratio 20.90% on Jun 30 
--Bajaj Finance consol gross NPA ratio 0.96% on Jun 30 vs 1.03% yr ago 
--Bajaj Finance Q1 consol net interest income INR 125.71 bln, up 23% on yr 
--Bajaj Finance Apr-Jun consol revenue INR 231.65 bln vs INR 193.73 bln yr ago 
--Bajaj Finance consol AUM at INR 5.47 tln on Jun 30, up 24% on yr 
--Bajaj Finance Apr-Jun consol PAT INR 59.86 bln vs INR 47.00 bln year ago 
--Bajaj Finance Apr-Jun consol revenue INR 231.65 bln 
--Analysts saw Bajaj Finance Apr-Jun consol net profit at INR 58.71 bln 
--Bajaj Finance Apr-Jun consol net profit INR 59.86 bln 

 

By Kabir Sharma

 

MUMBAI – Bajaj Finance reported a sharp jump in net profit for the June quarter on the back of a rise in assets under management and net interest income. A significant increase in customer franchise, leading to higher new loans, supported the financier's bottom line.

 

The lender reported a consolidated net profit of INR 59.86 billion, up 27% on year. The net profit was marginally higher than analysts' estimate of INR 58.71 billion. Bajaj Finance's results include the earnings of its subsidiaries, Bajaj Housing Finance Ltd. and Bajaj Financial Securities Ltd., and its associates.  

 

Net interest income of the lender increased by 23% to INR 125.71 billion in the June quarter. Net interest income was slightly lower than analysts' expectations of INR 126.73 billion. The lender's total income increased by 20% on year to INR 231.66 billion. Assets under management grew 24% to INR 5.47 trillion as of Jun. 30. AUM increased by INR 369.69 billion in the June quarter.

 

The lender booked 16.13 million new loans in the June quarter compared with 13.49 million a year ago. The customer franchise stood at 124.43 million as of Jun. 30, up 17% on year. Customer franchise grew by 5.10 million in the June quarter.

 

The company's liquidity buffer was INR 178.47 billion at the end of June. In Apr-Jun, cost of funds was 7.40%, improving 1 basis point from the previous quarter. The company's deposit book stood at INR 685.34 billion as of Jun. 30, contributing 15% of consolidated borrowings.

 

The operational expenditure-to-net total income ratio was 33.4% in Apr-Jun, down from 33.1% a year ago. The company said it is confident of delivering a 25-40 bps improvement in the ratio in FY27.

 

The company added 7,400 distribution points in Apr-Jun. Geographic presence stood at 4,073 locations and active distribution points were over 250,000 as of Jun. 30. The company said it plans to open 150-175 new locations in 2026-27 (Apr-Mar). It added 194 gold loan branches during the quarter. Bajaj Finance now has 1,701 gold loan and 447 microfinance branches. It expects to close FY27 with 2,700-2,800 gold loan branches and 520-550 microfinance branches. 

 

Bajaj Finance's full-time employee count was at 73,261 as of Jun. 30. The company added 1,648 employees in Apr-Jun. Employee attrition was high at 12.8% in the June quarter.

 

Gross non-performing asset ratio and net NPA ratio reduced from a year ago. Gross NPA fell to 0.96% as of Jun. 30

from 1.03% a year ago, while net NPA reduced to 0.39% from 0.50% a year ago.

 

The provisioning coverage ratio on stage 3 assets was 60%. Loan losses and provisions for Apr-Jun were INR 19.93 billion, a tad higher than INR 19.69 billion a year ago. The June quarter provisions include prudent management and macroeconomic provisions of INR 2.96 billion. Excluding this, loan losses and provisions were down 14% on year.

 

Thursday, Bajaj Finance shares ended at INR 1,053.50 on the National Stock Exchange, down 0.1% from the previous close. The company declared its June quarter results after market hours.  End

 

Edited by Saji George Titus

 

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