Bajaj Finance Q1 Results: Profit jumps 28% YoY to Rs 6,081 crore, NII surges 23%

Bajaj Finance on Thursday reported 28% year-on-year (YoY) growth in its standalone net profit at Rs 6,081 crore, compared with Rs 4,765 crore in the last year quarter. Net interest income in the reporting period increased 23% YoY to Rs 12,571 crore.

Consolidated assets under management rose 24% YoY to Rs 5.46 lakh crore as of June 2026, from Rs 4.41 lakh crore a year earlier. AUM grew by Rs 36,969 crore during the quarter. The company booked 16.13 million new loans in Q1, up 20% from 13.49 million in Q1. Its customer franchise rose 17% to 124.43 million from 106.51 million a year ago. Bajaj Finance added 5.1 million customers during the quarter.

Interest income rose to Rs 20,513 crore from Rs 17,145 crore, while interest expenses increased to Rs 7,942 crore from Rs 6,917 crore. Operating expenses rose 23% to Rs 5,087 crore. Operating expenses to net total income stood at 33.4%, compared with 33.1% a year earlier.


Pre-provisioning operating profit increased 22% to Rs 10,137 crore from Rs 8,336 crore.

Loan losses and provisions stood at Rs 1,993 crore, compared with Rs 1,969 crore a year earlier. The company said Q1FY27 provisions included prudent management and macro-economic provisions of Rs 296 crore. Excluding this, loan losses and provisions were Rs 1,697 crore, down 14% from last year.

Loan losses and provisions to average assets under finance stood at 1.54% on an annualised basis, compared with 1.87% a year earlier. Excluding the additional prudent and macro provision, the ratio was 1.31%.

Asset quality improves

Asset quality improved during the quarter. Gross NPA stood at 0.96% as of June 30, 2026, compared with 1.03% a year earlier. Net NPA stood at 0.39%, compared with 0.50% last year. Provisioning coverage ratio on stage 3 assets was 60%.

The company’s capital adequacy ratio stood at 20.90%, including Tier-II capital. Tier-I capital stood at 20.01%.

Bajaj Finance said it continues to enjoy AAA/Stable ratings for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings. It also has A1+ rating for its short-term debt programme from the same agencies.

The company has a long-term issuer rating of BBB/Stable and short-term issuer rating of A-2 from S&P Global Ratings. Moody’s has assigned it a Baa3 corporate family rating with a stable outlook.