Bajaj Finance reported a 29% year-on-year increase in net profit to ₹6,367 crore for the September 2026 quarter, supported by a 23% rise in total income. Assets under management grew 26% to ₹5.84 lakh crore. Investors are tracking how the lender balances this rapid expansion with credit cost management and regulatory oversight in the consumer lending sector.
Bajaj Finance posted a strong financial performance for the second quarter of fiscal year 2027, with consolidated net profit reaching ₹6,367 crore. This marks a 29% jump from the ₹4,948 crore profit recorded in the same quarter of the previous year. The bottom-line performance was supported by a 23% growth in total income, which rose to ₹15,974 crore.
The lender’s core operations continue to expand, with total assets under management growing 26% to reach ₹5.84 lakh crore. This growth was driven by the company’s extensive reach, adding 13.45 million new loans during the quarter. The total customer base now stands at 128.85 million, illustrating the company’s continued penetration into the non-banking financial services market.
Regarding asset quality, the company reported a gross non-performing asset ratio of 1.06% and a net non-performing asset ratio of 0.42%. These metrics indicate that the portfolio remains stable despite the aggressive pace of loan book expansion. Total loan losses and provisions for the quarter stood at ₹2,166 crore. This includes ₹337 crore allocated for prudent management and macroeconomic overlays. Notably, core provisions for the period were 12% lower on a year-over-year basis, which suggests that the company is experiencing better control over underlying credit quality when adjusted for these conservative buffers.
While the financial results show robust growth, the NBFC sector operates within a challenging environment. Regulatory bodies, including the Reserve Bank of India, have historically maintained a cautious stance on rapid growth in unsecured credit, which remains a core segment for consumer lenders. As the banking sector increasingly competes for retail customers, Bajaj Finance faces the task of balancing growth with the rising cost of funds.
Moving forward, the primary area for investors to monitor will be the management’s ability to maintain asset quality while navigating these competitive and regulatory pressures. Additionally, ongoing updates regarding the cost of borrowing and margin protection will be important indicators of how the company intends to sustain its profitability in the coming quarters.