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

Key takeaways from the March-quarter print

Bajaj Finance reported a year-on-year jump in profit for the quarter ended March 31, 2026 (Q4 FY26) and announced a final dividend of ₹6 per share for FY26. The update also highlighted steady asset quality metrics, strong customer additions, and growth in loan disbursals. Shares of Bajaj Finance ended April 29 higher by about 1% at around ₹932.8 per share.

Q4 FY26 profit rises 22% YoY

Multiple reports around the results pegged the consolidated net profit growth at about 22% year-on-year. One set of numbers showed consolidated net profit of ₹5,553 crore versus ₹4,546 crore in the year-ago quarter. Another report cited profit of ₹5,465 crore versus ₹4,480 crore a year ago, and said the number was broadly in line with an analysts’ estimate of ₹5,490 crore compiled by LSEG.

The quarter’s profitability was also supported by lower provisioning in one account of the results. Loan losses and provisions were reported at ₹2,008 crore for Q4 FY26 versus ₹2,167 crore a year earlier.

Revenue and net interest income: 18% and 20% growth

On the topline, consolidated revenue was reported at ₹21,606 crore in Q4 FY26, up 18% from ₹18,294 crore in the year-ago period. Net interest income (NII) was reported higher by about 20% year-on-year, with one report placing NII at ₹10,716 crore compared with ₹8,911 crore in Q4 FY25.

Another report cited NII at ₹11,781 crore versus ₹9,808 crore in the corresponding quarter last year, again indicating roughly 20% growth. The operating expenses to net total income ratio was reported at 33.8% in Q4 FY26 compared with 33.6% in Q4 FY25.

Dividend: ₹6 per share recommended

The company’s board recommended a final dividend of ₹6 per equity share (face value Re 1 each) for the financial year ended March 2026, subject to shareholders’ approval. The company also stated that the ₹6 includes a special payout of ₹0.60 per share linked to an exceptional gain on the sale of Bajaj Housing Finance Ltd (BHFL) shares.

For context, the previous year’s overall dividend was stated as ₹5.60 per share (adjusted for split and bonus).

AUM crosses a milestone, but figures differ across reports

Bajaj Finance’s assets under management (AUM) was reported to have crossed ₹5 lakh crore, with AUM at ₹509,000 crore (₹5.09 lakh crore) as of March 2026 versus ₹416,000 crore (₹4.16 lakh crore) a year ago, implying 22% growth. The company also reported that AUM expanded by ₹25,498 crore during the quarter.

Separately, another report put AUM at ₹372,986 crore as of March 31, 2026 versus ₹308,832 crore as of March 31, 2025, implying 21% growth. Readers should note that these AUM figures are presented as reported in different result write-ups.

Loan disbursals and customer additions remained strong

Operationally, the company reported strong momentum in loan booking and customer acquisition. New loans booked in the quarter were reported at 12.89 million (1.289 crore), up 20% from 10.7 million (1.07 crore) a year ago.

The customer franchise was reported at 119.33 million (11.933 crore), up 17% year-on-year. Customer additions during Q4 alone were reported at 3.93 million (0.393 crore).

Asset quality: stable GNPA and NNPA

On asset quality, one update reported gross non-performing assets (GNPA) at 1.01% and net NPA at 0.41% as of March-end 2026. These compared with 0.96% GNPA and 0.44% NNPA a year ago.

Provision coverage on stage 3 assets was reported at 60%. Another report, however, cited much lower GNPA and NNPA levels of 0.27% and 0.11% as of March 31, 2026, versus 0.29% and 0.11% a year earlier, indicating the importance of checking the company’s final disclosures and definitions used in each summary.

Market reaction and segment context

Bajaj Finance shares closed about 1% higher on April 29 at roughly ₹932.8 per share (another report cited ₹932.60). One report also cited the company’s market capitalisation at ₹580,000 crore (₹5.80 lakh crore).

The same report noted that the company has been dealing with elevated bad loans, particularly in the micro, small and medium enterprises (MSME) segment, and that provisions fell during the quarter.

Snapshot table: Q4 FY26 numbers reported

Why the print matters

The quarter underlined Bajaj Finance’s continued scale-up in lending, with strong growth in loan counts and customer additions. Revenue and NII growth indicated healthy momentum in the core lending engine, while the dividend recommendation provides clarity on shareholder payouts for FY26.

At the same time, the presence of differing AUM and NPA figures across published summaries makes it important for investors to refer to the company’s detailed financial statements and investor presentation for consistent definitions. The note around MSME-related stress and the decline in provisions will likely remain an area of focus in subsequent disclosures.

What to watch next

The final dividend is subject to shareholder approval, and investors will track further details from the company’s full results pack. Updates on asset quality trends, provisioning stance, and segment-level performance, especially MSME, will be key in the next set of numbers.