Bajaj Finance Q2 Results: Profit Rises 29% in FY27

Q2 FY27 earnings headline

Bajaj Finance reported a 29% year-on-year rise in consolidated net profit to ₹6,367 crore for the July-September quarter of FY27. The lender had reported consolidated profit of ₹4,948 crore in the corresponding quarter of the previous year. Growth in net interest income, total income and assets under management supported the quarterly performance. The results place attention on the company’s continuing loan-book expansion and customer-acquisition plans for the full year.

The company’s standalone performance also remained strong. Standalone net profit rose 30.24% year-on-year to ₹5,536.10 crore from ₹4,250.77 crore. For the first half of FY27, standalone profit stood at ₹10,881.62 crore. The reported numbers indicate that core lending income and fee income continued to contribute to earnings.

Net interest income supports earnings

Consolidated net interest income increased 24% year-on-year to ₹13,335 crore, compared with ₹10,785 crore a year earlier. Net total income rose 23% to ₹15,974 crore from ₹12,982 crore. On a standalone basis, net interest income grew 25% to ₹12,150 crore. This compares with ₹9,726 crore cited for the previous comparable period.

Standalone fees and commission income rose 31% to ₹2,198.54 crore from ₹1,679.03 crore. The increase in this income stream added to the rise in interest-based earnings. Pre-provisioning operating profit on a standalone basis rose 23% to ₹9,552 crore from ₹7,740 crore. The figures show operating income growth alongside the expansion of the financing portfolio.

Revenue and income details

Standalone revenue rose 22.87% year-on-year to ₹20,890.66 crore from ₹17,002.86 crore. Total interest income increased 23.92% to ₹18,549.14 crore from ₹14,968.60 crore. Separately, the supplied Q2 consolidated results data reported revenue of ₹24,546.37 crore, up 22.79% year-on-year from ₹19,990.42 crore.

The same data set reported consolidated net profit of ₹6,266.20 crore, compared with ₹4,875.36 crore, a rise of 28.53%. However, the company’s widely reported consolidated Q2 profit figure in the supplied material is ₹6,367 crore, up 29% year-on-year. Investors should rely on the company’s filed financial statements for the final classification and reconciliation of consolidated reporting figures.

Loan book and AUM expansion

Bajaj Finance’s consolidated assets under management grew 26% year-on-year to ₹5,85,000 crore at the end of September 2026. The company attributed the increase to broad-based loan growth. Standalone AUM grew 26% to ₹4,26,879 crore as of September 30, 2026. Assets under finance rose 27% to ₹4,22,268 crore.

The company booked 1.33 crore new loans during the quarter. For FY27, it expects AUM growth of 26-27% as it increases customer acquisition and loan disbursements. Bajaj Finance plans to book 6-6.2 crore new loans and add 1.8-2 crore customers during the year. These targets highlight the scale of planned lending activity through the remainder of FY27.

Asset quality improves year on year

Asset quality improved on the standalone book. Gross non-performing assets fell by 26 basis points year-on-year to 1.33% from 1.59% in September 2025. Net non-performing assets declined by 24 basis points to 0.53% from 0.77% a year earlier.

The decline in both GNPA and NNPA ratios is relevant because portfolio growth can raise questions around underwriting and collection trends. In this quarter, the reported ratios point to improvement alongside a larger loan book. The company also reported a capital-to-risk-weighted-assets ratio of 20.33% under Reserve Bank of India guidelines. Its liquidity coverage ratio stood at 214.08%.

Key Q2 FY27 financial metrics

Share price reaction after results

Bajaj Finance shares fell 3% after the Q2 results, according to the supplied market report. The move came despite the reported increase in quarterly profit and income. The material notes that Jefferies, Nomura and other brokerages commented on the results, but it does not provide their individual ratings, target prices or detailed estimates.

A single-day share-price movement does not change the reported operating trends. For market participants, the key disclosed metrics remain AUM expansion, income growth, asset quality and the company’s FY27 lending targets. The pace at which new loans and customers are added will be a major operating measure in subsequent updates.

Bajaj Housing Finance and Consumer Care results

Other Bajaj group companies also reported quarterly growth. Bajaj Housing Finance reported an 18% year-on-year increase in Q2 FY27 profit to ₹757 crore. Its net interest income increased 10%, while AUM grew 25% to ₹1,58,000 crore. The supplied material described its asset quality as largely stable.

Bajaj Consumer Care reported a 66% year-on-year rise in Q2 FY27 net profit to ₹70.2 crore. Operating income increased 25.4% to ₹332.8 crore and EBITDA rose 71% to ₹83.3 crore. Its domestic business revenue grew more than 30%, according to the supplied results summary.

Why the Bajaj Finance result matters

Bajaj Finance’s results show that income growth remained aligned with an expanding loan book in the September quarter. Higher net interest income and fee income supported the rise in standalone and consolidated earnings. At the same time, the reported fall in GNPA and NNPA ratios indicates better year-on-year asset-quality metrics.

The company has set FY27 AUM growth guidance of 26-27% and plans substantial new loan bookings and customer additions. Its next financial updates will show whether growth, asset quality and capital levels remain consistent with these stated targets. The company’s disclosures and regulatory filings will provide the basis for tracking progress through the rest of FY27.