Bajaj Finance Q4 FY26 Results: Date, PAT, NIM

Why Bajaj Finance’s Q4 print matters

Bajaj Finance (NSE: BAJFINANCE) is set to be in focus as it prepares to announce its Q4 FY26 results for the quarter ended March 31, 2026. The company’s board of directors is scheduled to meet on April 28, 2026 to approve audited financial statements for Q4 FY26. The same meeting will also consider a recommendation for a final dividend for FY26, subject to shareholder approval.

The setup is important because the stock is trading around Rs 8,100, below its 52-week high of Rs 9,230, and the 1-year return is reported at -3%. Investors typically watch Bajaj Finance’s quarterly trajectory closely given the company’s scale and sensitivity to credit costs, margins, and loan growth.

Key date to track: Board meeting on April 28, 2026

The disclosed schedule points to April 28, 2026 as the key date for approvals and any dividend recommendation. While investors may treat this as the expected results date, the more precise reference is the board meeting where audited statements are to be approved.

Apart from the headline profit, the market focus usually extends to management commentary and underlying operating trends. In this case, analyst previews highlighted net interest margin (NIM) and assets under management (AUM) growth as the main variables to watch.

What analysts are modelling for Q4 FY26

Brokerages including MOFSL, YES Securities, and JM Financial, among others, have published preview estimates for Bajaj Finance. The consensus range pegs Q4 FY26 revenue at ₹17,000-17,800 crore. Profit after tax (PAT) is expected in the range of ₹4,400-4,700 crore, with NIM projected at 9.8%-10.2%.

AUM growth remains a key volume indicator. In the preview set, growth momentum is projected at 28%-30% year-on-year. These numbers frame what the market may consider “in-line” for the quarter.

Q3 FY26 set the base for Q4 expectations

Bajaj Finance’s Q3 FY26 numbers are the base from which Q4 estimates have been built. One reported data point shows Q3 FY26 revenue at ₹16,453 crore and PAT at ₹4,308 crore, with NIM around 9.8%. Separately, the article data also states that Q3 FY26 standalone PAT was ₹4,066.01 crore.

On a consolidated basis, Q3 FY26 PAT is also cited at ₹4,066.01 crore, representing a 5.6% year-on-year decline, even as revenue rose 17.5%. The same dataset adds that if exceptional items are excluded, consolidated PAT rose 23% year-on-year to ₹5,317 crore. The exceptional items referenced include an accelerated Expected Credit Loss (ECL) charge and provisions linked to new labour codes.

AUM trend: where the loan book stood by December 2025

As of December 31, 2025, consolidated AUM is reported at approximately ₹485,883 crore, a 22% year-on-year increase. Another reference in the provided data describes AUM as having exceeded ₹485,000 crore by December 2025, with growth stated in the 22%-26% range year-on-year.

This AUM growth context matters because Q4 previews are explicitly tying the revenue outlook to volume and pricing, and tying profit expectations to margin performance. In other words, growth and profitability are being assessed together, not in isolation.

Snapshot table: Q4 estimate versus Q3 actual

Dividend watch: what the board may consider

The board meeting agenda includes consideration of a final dividend for FY26, subject to shareholder approval. Analyst previews cited an expected dividend range of Rs 42-48 per share.

Since dividends are a capital allocation decision, investors typically interpret the number in conjunction with profitability, balance sheet growth, and management’s stance on reinvestment versus distribution. The actual recommendation, if any, will only be known after the board’s decision.

Bajaj Housing Finance update adds sector context

Separately, Bajaj Housing Finance (Bajaj Housing Finance Limited) disclosed strong operational performance for Q4 FY26 through a business update filed under Regulation 30 of SEBI regulations. In that update, gross disbursements in Q4 FY26 reached ₹17,530 crore, up 22.95% from ₹14,254 crore in Q4 FY25.

The same update reported AUM of approximately ₹1,40,700 crore as of March 31, 2026, up 23% from ₹1,14,684 crore as of March 31, 2025. Loan assets (AR) were reported at approximately ₹1,23,740 crore as of March 31, 2026, compared to ₹99,513 crore as of March 31, 2025. The company also stated that figures related to March 31, 2026 are provisional and subject to statutory audit review.

Bajaj Housing Finance: Q4 operational metrics table

Market lens: what investors are likely to track

For Bajaj Finance, the immediate market lens in the provided data is straightforward: whether Q4 revenue lands within ₹17,000-17,800 crore and whether PAT tracks ₹4,400-4,700 crore. The second layer is NIM, with the preview range at 9.8%-10.2% and Q3 cited at around 9.8%.

The other key point is how investors interpret Q3’s exceptional items. The dataset explicitly links the adjusted profit picture to an accelerated ECL charge and provisions for new labour codes. That makes clarity on underlying profitability, rather than only the headline number, a central part of the Q4 discussion.

Conclusion

Bajaj Finance’s April 28, 2026 board meeting is the key event for the company’s Q4 FY26 audited results and any final dividend recommendation for FY26. Analyst previews cluster around ₹17,000-17,800 crore revenue, ₹4,400-4,700 crore PAT, and 9.8%-10.2% NIM, with AUM growth also in focus. The next definitive update will come after the board meeting outcomes are disclosed.