What happened
Bajaj Finance reported a 29% year-on-year rise in net profit to ₹6,367 crore for the quarter ended 30 September 2026, compared with ₹4,948 crore a year earlier, according to reports in the Economic Times and CNBC-TV18. The company announced the numbers on Monday, 19 October.
Net interest income (NII), the gap between what a lender earns on loans and what it pays on its borrowings, rose 24% to ₹13,335 crore from ₹10,785 crore. Net total income increased 23% to ₹15,974 crore from ₹12,982 crore.
Growth in loans and customers
- Assets under management (AUM), the total loans the company manages, grew 26% to ₹5.85 lakh crore. It added ₹37,680 crore during the quarter.
- New loans booked rose 11% to 13.45 million from 12.17 million a year earlier.
- The company added 4.42 million customers, taking its base to 128.85 million, up 16%.
Profitability
Profit before tax rose 29% to ₹8,537 crore. Operating profit before provisions, meaning before money is set aside for bad loans, grew 23% and came to ₹10,699 crore.
On an annualised basis, return on assets edged up to 4.6% from 4.5% a year ago, while return on equity climbed from 19.1% to 20.6%. The cost of funds fell by nine basis points from the previous quarter to 7.31%. A basis point is one-hundredth of a percentage point.
What it means for you
If you hold a loan from Bajaj Finance or are comparing lenders, the key figure is asset quality, which shows how many borrowers are falling behind. Gross non-performing assets (NPAs), meaning loans where repayments are badly overdue, were 1.06% on 30 September, up from 0.96% in the June quarter. Net NPAs rose to 0.42% from 0.39%.
Both ratios were still lower than a year earlier, when gross NPA was 1.24% and net NPA was 0.60%.
The amount set aside for loan losses and provisions was ₹2,166 crore, 4% more than a year ago. That figure includes ₹337 crore kept aside for management and macroeconomic risks. Leaving that out, the amount was ₹1,829 crore, a 12% fall. Measured against average assets under finance, the loan loss ratio improved to 1.56% from 1.88% a year earlier, or 1.32% without the extra provision.
If you are weighing a new loan, you can estimate monthly payments with the EMI Calculator.
Background
CNBC-TV18 reported that the shares closed 2.5% lower at ₹957.35 on Monday, ahead of the results. That put the stock down 1.6% so far this calendar year and more than 11% lower over 12 months.
For the full year FY27, the company expects to disburse 60-62 million new loans, add 18-20 million customers and open 150-175 new locations. It also expects operating expenses as a share of net total income to improve by 25-40 basis points.
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