Bajaj Finance Q1 FY27: Profit ₹5,986cr, NII up 23%

Bajaj Finance Ltd. reported its June-quarter results on Thursday, July 30, with core income coming in marginally below Street expectations, while net profit was largely in line with estimates. The company also reported stable asset quality, with both gross and net non-performing assets improving sequentially.

The results were released against the backdrop of a strong quarterly business update announced earlier, where the lender had flagged healthy growth in assets under management (AUM), customer franchise, and new loans booked.

Key numbers at a glance

Net interest income (NII) for the quarter stood at ₹12,571 crore, up 23% from the year-ago period. A CNBC-TV18 poll had projected NII at ₹13,102 crore, implying the reported number was below the estimate.

Net profit for the quarter came in at ₹5,986 crore. The same CNBC-TV18 poll had pegged profit at ₹5,850 crore. On a year-on-year basis, the company reported 27% growth in net profit.

Separately, an earnings summary for the quarter ended June 30, 2026 showed revenue at ₹23,166.4 crore versus ₹19,376.4 crore a year ago, and net income at ₹5,985.8 crore versus ₹4,699.6 crore.

NII growth and the expectation gap

NII growth of 23% indicates continued expansion in the company’s core lending income in the June quarter. But the miss versus the poll estimate underlines that expectations were set higher going into the print.

The company did not provide a detailed bridge in the provided material on what drove the variance versus the poll. Still, the quarter’s operating update pointed to strong loan momentum and a sharp rise in AUM, suggesting the business continued to scale.

Investors typically track NII as a key indicator of earnings momentum for lenders and NBFCs, and the market reaction often depends on whether growth clears consensus expectations.

Profit stays largely in line

Net profit of ₹5,986 crore was marginally higher than the poll estimate of ₹5,850 crore. The company also reported that profit grew 27% year-on-year.

The June-quarter earnings summary also reported basic earnings per share (EPS) from continuing operations at ₹9.62 (versus ₹7.57 a year ago), while diluted EPS from continuing operations stood at ₹9.60 (versus ₹7.55).

In a market that is sensitive to both growth and credit trends, the combination of profit broadly meeting expectations and stable asset quality was a key part of the initial read-through.

Asset quality: Gross and net NPA improve

Asset quality remained stable in the quarter, with sequential improvement in both gross and net NPAs.

Gross NPA at the end of the June quarter stood at 0.96%, down from 1.03% in March. Net NPA improved to 0.39% from 0.50% in the previous quarter.

These metrics are closely watched as they reflect how the loan book is performing and whether incremental stress is emerging. The sequential improvement suggested credit costs remained contained during the period covered.

Provisions and loan losses

Loan losses and provisions for the quarter stood at ₹1,993 crore. This included a prudent management and economic provision of ₹296 crore.

Excluding that prudent provision, the number stood at ₹1,697 crore. The split provides a clearer sense of how much provisioning was tied to a management overlay versus the reported headline figure.

Provisioning trends are relevant not just for near-term profitability but also for how conservatively a lender is positioning its balance sheet, especially during phases of rapid loan growth.

Business update: AUM crosses ₹5.46 lakh crore

In its quarterly business update announced earlier, Bajaj Finance reported 24% growth in AUM to ₹5.46 lakh crore from ₹4.41 lakh crore in the same quarter last year. Another update in the provided material put AUM at approximately ₹546,900 crore as of June 30, 2026.

AUM expanded by nearly ₹37,000 crore during the quarter, with another disclosure putting the increase at approximately ₹36,900 crore. The company described the information in that update as provisional.

AUM is a key scale indicator for NBFCs and helps investors gauge how quickly the loan book is growing.

Customer franchise and new loan bookings

The customer franchise stood at 124.43 million, compared with 106.51 million in the year-ago quarter. The company described this as 17% growth from last year and also disclosed that the customer franchise increased by 5.10 million during Q1.

New loans booked grew 20% year-on-year to 16.13 million from 13.49 million in the corresponding quarter last year. These numbers reinforced the narrative of strong origination momentum.

In addition, the company disclosed a deposits book of approximately ₹68,500 crore as of June 30, 2026, again flagged as provisional.

Stock reaction and recent performance

After the results announcement, shares of Bajaj Finance moved to the day’s high of ₹1,063.5. The stock was stated to be up 10% so far this year.

A separate market quote in the provided material showed the stock at ₹1,054.40 on July 29, 2026, with a 1st January change of +6.85%. The figures reflect different timestamps around the results day.

Data table: reported metrics from the release

What the company has scheduled next

Bajaj Finance scheduled its first-quarter earnings conference call for July 30, 2026 at 6:30 PM IST, following its Board of Directors meeting to approve the financial results for the period ended June 30, 2026.

Separately, the provided material also noted that shareholders at the upcoming AGM will vote on expanding the borrowing limit to ₹5.5 lakh crore.

Why this quarter matters for investors

The June-quarter numbers combined three investor-relevant signals in one print: strong headline growth in NII and profit, sequential improvement in reported asset-quality ratios, and continued expansion in AUM and customer metrics.

At the same time, the NII print being below the poll estimate shows the market is likely to scrutinise the pace and profitability of growth, not only the scale. The scheduled earnings call later in the day is the next formal checkpoint where investors typically look for more detail around business performance and balance-sheet positioning.