Bajaj Finance Q2 profit rises 29% to Rs 6,367 crore

Bajaj Finance reported a 29% year-on-year rise in net profit to Rs 6,367 crore for the quarter ended September 30, 2026, against Rs 4,948 crore a year earlier, according to Economic Times Markets. The earnings increase came alongside growth in interest income, lending assets and its customer base.

Net interest income increased 24% to Rs 13,335 crore from Rs 10,785 crore. Net total income rose 23% to Rs 15,974 crore, compared with Rs 12,982 crore in the corresponding quarter last year.

Lending assets expand 26%

The non-banking financial company's assets under management stood at Rs 5.85 lakh crore on September 30, up 26% from Rs 4.62 lakh crore a year earlier. The increase during the quarter was Rs 37,680 crore.

Bajaj Finance booked 13.45 million new loans during the quarter, an 11% increase from 12.17 million a year earlier. Its customer base reached 128.85 million, up 16% year-on-year, with 4.42 million customers added during the quarter.

Additional provision affects earnings comparison

Profit before tax rose 29% to Rs 8,537 crore from Rs 6,608 crore. Excluding an additional Rs 337 crore provision described as a prudent management and macroeconomic provision, pre-tax profit was Rs 8,874 crore, a 34% increase.

Net profit excluding that additional provision was Rs 6,619 crore, also up 34%. These provision-excluded figures are distinct from the reported net profit of Rs 6,367 crore.

Total loan losses and provisions increased to Rs 2,166 crore from Rs 2,080 crore. Excluding the additional provision, they declined 12% to Rs 1,829 crore.

The annualised ratio of loan losses and provisions to average assets under finance fell to 1.56% from 1.88% a year earlier. Without the additional provision, the ratio was 1.32%.

Operating cost ratio edges lower

Pre-provisioning operating profit increased 23% to Rs 10,699 crore from Rs 8,685 crore. Operating expenses accounted for 33% of net total income, marginally below the year-earlier level of 33.1%.