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Informist, Tuesday, Feb. 3, 2026

 

--Bajaj Finance: To expand gold loan branches in sustainable manner 

--CONTEXT: Comments by Bajaj Finance mgmt at post-earnings analyst concall 

--Bajaj Finance: Expect to disburse 100 mln loans a year by FY30 

 

By Shubham Rana and Nandini Sinha

 

MUMBAI/NEW DELHI – Bajaj Finance Ltd. expects its fee and commission income to grow around 17-20% year-on-year from the next financial year, the company's management said Tuesday during a post-earnings conference call. This segment saw a 30% on-year growth to INR 19.62 billion in the December quarter.

 

Bajaj Finance Tuesday reported a consolidated net profit of INR 39.78 billion for the December quarter, down over 6% on year and over 18% sequentially. The company missed Street expectations of INR 51.83 billion net profit by a wide margin. The bottom line was even lower than the lowest net profit estimate of INR 44.53 billion.

 

The company's management said that core performance, excluding expected-credit loss provision and one-time charge on account of the new labour codes, remained robust in the December quarter. The non-banking finance company took a one-time hit of INR 2.65 billion due to the implementation of the new labour codes. It also made an accelerated expected credit loss provision of INR 14.06 billion, which weighed on the bottom line. 

 

Bajaj Finance is building a new consumer artificial intelligence platform, which should be ready by June 2027, the management said. This consumer AI platform will help the company serve its 100 million customers, which are expected to rise to 200-220 million by 2029-30 (Apr-Mar). By FY30, the company also expects to disburse 100 million loans a year, the management said. 

 

The managment expects most of its business segment to grow around 20-30% going ahead. "It could be a lower end of 20 (%) to a higher end of 20 (%), barring gold loans," Sandeep Jain, chief financial officer of the company, said. "I think gold loans will continue to grow as long as the price holds. We are increasing distribution on a sustainable basis in gold loans, so we foresee that continuing to grow."

 

The company's gold loan business grew 94% on year to INR 141 billion as of Dec. 31. Bajaj Finance will continue to morph existing branches into gold loan branches, the management said. The company will continue to expand its gold loan branches on a sustainable basis, it added.  End

 

Edited by Tanima Banerjee

 

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