Bajaj Finance Q2 Profit Rises 23% to ₹4,948 Crore on Broad-Based Growth
Bajaj Finance Ltd (BFL) reported a 23% year-on-year rise in consolidated net profit to ₹4,948 crore for the quarter ended September 30, 2025, driven by broad-based growth across business segments.
Consolidated net interest income rose 22% to ₹10,785 crore, while total net income grew 20% to ₹13,170 crore. Assets under management (AUM) increased 24% to ₹4.62 lakh crore. Loan losses and provisions rose 19% to ₹2,269 crore. Gross non-performing assets (NPA) stood at 1.24%, and net NPA at 0.60%. The company booked 12.17 million new loans during the quarter, up 26% year-on-year, taking its customer base to 110.64 million, a 20% increase.
Rajeev Jain, Vice Chairman and Managing Director, said growth was broad-based across businesses, though MSME loan growth moderated to 18% as part of a cautious approach to ensure resilience. “We have revised our AUM growth guidance for FY26 to 20–23% from 22–25%, reflecting prudent risk management actions in the MSME segment,” he said.
Jain added that growth in other segment such as gold, car, tractor, and electric vehicle financing, would offset the moderation in MSME loans. The company expects to acquire 17 million new customers in FY26. Bajaj Finance is phasing out captive two- and three-wheeler loans, which have contributed to losses, and aims to complete the transition by next year to strengthen balance sheet quality.
Standalone Performance:
On a standalone basis, AUM rose 23% to ₹3.38 lakh crore. Net interest income increased 21% to ₹9,725 crore, and total net income grew 20% to ₹11,942 crore. Loan losses and provisions stood at ₹2,218 crore, up 17%. Gross and net NPAs were 1.59% and 0.77%, respectively, with a provisioning coverage ratio of 52% for Stage 3 assets.
Profit after tax, excluding exceptional gains, rose 24% to ₹4,251 crore. The company recorded an exceptional gain (net of tax) of ₹2,181 crore from the sale of shares in Bajaj Housing Finance Ltd (BHFL) during its IPO.
Leadership Update:
The board appointed Manish Jain as Deputy CEO, expanding the executive management group to four deputy CEOs and three chief operating officers overseeing operations.
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