Bajaj Finance posted a 15% rise in consolidated profit after tax to ₹19,332 crore for FY2026. Assets under management (AUM) grew 22% to ₹509,975 crore, crossing the ₹5 trillion mark.
Bajaj Finance Reports Strong FY2026 Performance
Consolidated PAT: ₹19,332 crore (up 15%) AUM: ₹509,975 crore (up 22%) Reader Takeaway: Robust AUM growth and profit rise are positives, while MSME credit policy adjustments require monitoring. ## What just happened Bajaj Finance Ltd has announced its financial results for the fiscal year 2026. The company reported a consolidated profit after tax (PAT) of ₹19,332 crore, marking a 15% increase compared to the previous fiscal year. Adjusting for one-time exceptional items, the adjusted PAT saw a significant jump of 24% to ₹20,689 crore. ## Why this matters These results indicate strong business growth and profitability for Bajaj Finance. The Assets Under Management (AUM) crossed the ₹5 trillion milestone, growing by 22% to ₹509,975 crore. Net Interest Income (NII) also saw a healthy 21% rise to ₹44,110 crore. The company also booked 52.45 million new loans and expanded its customer base to 119.33 million. ## The backstory Bajaj Finance is undergoing a strategic transformation into a financial AI (FinAI) enterprise. In FY2026, it deployed 27 AI agents, with plans to significantly scale this up. This digital and AI focus is aimed at improving operational efficiency and customer service. ## What changes now The company's board has recommended a final dividend of ₹6 per equity share. Additionally, Bajaj Finance is seeking shareholder approval to increase its borrowing limit from ₹375,000 crore to ₹550,000 crore to support future growth. ## Risks to watch While performance is strong, the company has noted incipient stress in its MSME portfolio. It has responded by repivoting credit policies and reducing unsecured MSME loan originations by 25%. Asset quality, particularly in this segment, will be a key area to monitor. ## Subsidiary Performance: Bajaj Housing Finance Limited (BHFL) BHFL also showed robust growth, with AUM up 23% to ₹140,706 crore, and PAT up 18% to ₹2,560 crore. Bajaj Finance reduced its stake in BHFL to 86.70% by selling shares in the secondary market to comply with SEBI's minimum public shareholding norms. ## Context metrics (time-bound) - FY2026 Consolidated PAT: ₹19,332 crore (up 15%) - FY2025 Consolidated PAT: ₹16,779 crore - FY2026 AUM: ₹509,975 crore (up 22%) - FY2025 AUM: ₹418,013 crore - FY2026 Net Interest Income: ₹44,110 crore (up 21%) - FY2025 Net Interest Income: ₹36,394 crore ## What to track next Investors will be watching the company's progress on its LRS 2026-30 targets, aiming for a customer franchise of 200-220 million by FY2030. Monitoring the effectiveness of its AI initiatives and the management of MSME portfolio risks will also be crucial.
