Bajaj Finance Q4 Results FY26: Profit +22%, ₹6 dividend

What Bajaj Finance reported for Q4 FY26

Bajaj Finance reported its results on April 29 for the quarter ended March 31, 2026 (Q4 FY26). Consolidated net profit rose 22% year-on-year to ₹5,465 crore, compared with ₹4,480 crore in the same quarter last year. The earnings were supported by lower provisioning for bad loans, according to the information provided.

Analysts tracked by LSEG had pencilled in a net profit of ₹5,490 crore, putting the reported number broadly in line with estimates. The company also announced a dividend of ₹6 per share, with a record date of June 30, 2026. Alongside the results, Bajaj Finance disclosed a board change, stating that Rajiv Bajaj will step down as a Non-Executive Director at the close of business on July 30, 2026.

Profit growth and the role of provisioning

Bajaj Finance’s profit expansion in the March quarter was linked to easing credit costs. The company has been dealing with elevated bad loans, particularly in its micro, small and medium enterprises (MSME) segment, as noted in the report. Against that backdrop, a decline in provisions helped lift profitability.

Loan losses and provisions were reported at ₹2,008 crore in Q4 FY26, down from ₹2,167 crore a year earlier. The company also recorded an additional expected credit loss (ECL) provision of ₹142 crore towards management and macro-economic overlay during the quarter.

A separate disclosure in the provided text also referred to impairment on financial instruments at ₹1,952 crore versus ₹2,141 crore a year earlier, and ₹3,370 crore in the previous quarter. That note linked the sequential improvement to an earlier strengthening of the ECL framework, including a one-time provisioning impact of about ₹1,406 crore in the December quarter.

Revenue and net interest income trends

On the topline, consolidated revenue rose 18% to ₹21,606 crore in Q4 FY26, compared with ₹18,294 crore in Q4 FY25. Net interest income (NII) increased 20% to ₹10,716 crore from ₹8,911 crore a year ago, reflecting stronger lending momentum.

The report also stated that profit before tax (PBT) stood at ₹6,484 crore, up from ₹4,904 crore in the year-ago period. Together, these metrics point to growth in core income while credit costs moderated versus earlier periods.

AUM growth highlights lending momentum

Bajaj Finance reported that assets under management (AUM) rose 21% year-on-year to ₹3,72,986 crore as of March 31, 2026. This compared with ₹3,08,832 crore as of March 31, 2025. The AUM figure is a key operating indicator for NBFCs, reflecting the scale of the loan book that generates interest income.

The combination of higher AUM and higher NII indicates that loan growth continued through the quarter. But the discussion around MSME stress and provisioning overlays also suggests the company is keeping a close watch on credit quality as the book expands.

Asset quality: stable, with mixed reported ratios

Asset quality in the supplied material was described as broadly stable, with specific ratios cited. One set of figures stated that gross NPA and net NPA as of March 31, 2026 stood at 0.27% and 0.11%, respectively, versus 0.29% and 0.11% as of March 31, 2025.

Another section in the provided text cited a different gross NPA comparison: gross NPA at 1.27% versus 1.18% year-on-year. The material did not explain the difference between the two gross NPA readings, so both are presented here as reported in the source text.

Dividend: ₹6 per share, including a special component

The board recommended a final dividend of ₹6 per share (face value ₹1) for FY26, according to the report. The record date for the dividend was set as June 30, 2026.

The ₹6 dividend includes a special payout of ₹0.60 per equity share. This special dividend was linked to an exceptional gain on the sale of Bajaj Housing Finance shares, as stated in the source content.

Rajiv Bajaj to step down from the board in July 2026

Bajaj Finance said Rajiv Bajaj expressed his willingness to step down from the company’s board and will not offer himself for re-election at the ensuing annual general meeting. The company stated he will cease to be Non-Executive Director at the close of business hours on Thursday, July 30, 2026, the date scheduled for the annual general meeting.

The report also noted that Rajiv Bajaj is the managing director of Bajaj Auto and held a non-executive role at Bajaj Finance, with no involvement in day-to-day operations. Bajaj Finance said its business continues to be led by its management team.

Stock move and broader market context

Shares of Bajaj Finance ended 0.99% higher at ₹932.80 on Wednesday, according to the provided text. The stock has risen over 2.5% in the past year, while the benchmark Nifty 50 declined nearly 1% over the same period.

The results also came at a time when investors were watching sentiment cues amid the West Asia war, as noted in one of the referenced headlines in the supplied material.

Key numbers at a glance

Why these results matter for NBFC investors

For an NBFC, profit growth driven by lower provisioning can be as important as loan growth, because credit costs can swing sharply when borrower stress rises. In this quarter, Bajaj Finance’s profit rose faster than revenue, while NII growth stayed strong at 20% and AUM expanded 21%. That combination suggests operating momentum continued, with credit costs moderating versus earlier levels referenced in the supplied text.

At the same time, the mention of elevated bad loans in the MSME segment and the presence of additional ECL overlays indicate that management is still building buffers for macro and portfolio risks. The dividend announcement, including the special ₹0.60 payout linked to a stake sale gain, adds a shareholder-return element alongside operating performance.

What to watch next

The next near-term dates flagged in the disclosures are the dividend record date (June 30, 2026) and the annual general meeting (July 30, 2026), when Rajiv Bajaj is set to step down from the board. Investors will also track whether provisioning remains contained in subsequent quarters and how asset quality trends evolve, especially in segments where stress was highlighted.

Conclusion

Bajaj Finance closed Q4 FY26 with net profit of ₹5,465 crore on revenue of ₹21,606 crore, supported by lower provisions and steady core income growth. The company also recommended a ₹6 dividend with a June 30, 2026 record date and confirmed Rajiv Bajaj’s board exit at the July 30, 2026 AGM.