Bajaj Finance Q2 FY27 Operational Update

Assets Under Management reached ₹584,750 crore; New loan bookings grew to 13.45 million.

Reader Takeaway: Strong double-digit AUM growth indicates sustained market demand, though seasonal shifts require cautious volume interpretation.

What just happened

Bajaj Finance released its provisional operational data for the quarter ending 30 September 2026. The company reported a significant expansion in its balance sheet, with AUM growing 26.5% compared to the same period last year. Customer acquisition remains a primary driver, with 4.42 million new customers added in the second quarter alone.

Why this matters

For shareholders, the 11% growth in new loan bookings and the steady climb in the total customer franchise to 128.85 million highlight the company's resilience. The deposit book, now standing at approximately ₹69,750 crore, plays a critical role in the company's liquidity and funding strategy.

Context metrics

• AUM grew from ₹462,261 crore (Sep 2025) to ₹584,750 crore (Sep 2026).
• The customer franchise increased from 110.64 million to 128.85 million year-on-year.
• Q2 FY27 saw 13.45 million new loans booked compared to 12.17 million in Q2 FY26.

Risks to watch

While operational growth is strong, investors should wait for the audited quarterly results to see how these loan volumes translate into net interest margins (NIMs) and asset quality. The management has specifically advised that year-on-year volume comparisons are influenced by the early shift in the festive calendar, which may mask underlying demand trends.

What to track next

The final earnings report will be the next major trigger. Investors should focus on management commentary regarding credit costs and the sustainability of the current AUM growth rate in a changing interest rate environment.