Bajaj Finance Ltd(BAJFINANCE)

NSE: BAJFINANCEBSE: 500034

₹ 927-1.38%refreshed 23 Oct, 03:58 pm ISTMarket cap: ₹ 5.77 L crWebsite: www.aboutbajajfinserv.com/finance-about-usUpdated: 24 Oct 2026

About

Bajaj Finance Ltd describes itself as India's largest private-sector NBFC, offering loans, fixed deposits, payments, insurance and mutual funds. As of Q2 FY27, its consolidated AUM stood at ₹584,624 cr, up 26% YoY, with a customer franchise of 128.85 MM. Its subsidiary Bajaj Housing Finance held ₹149,624 crore of housing AUM as of Q1 FY27. In FY26 it reported revenue of ₹81,982.38 crore.^[1][2][3][4]

Loan book mix and AUM

Consolidated AUM rose 26% YoY to ₹584,624 crore in Q2 FY27, from ₹462,261 crore as of 30 September 2025; ₹37,680 crore was added in the quarter.^[2]
Gold loan AUM grew 105% YoY to ₹24,195 crore in Q2 FY27.^[2]
MSME lending grew 3% YoY to ₹53,084 crore in Q2 FY27, and its share of AUM fell to 9.08% from 11.19%.^[2]
The captive 2W & 3W book fell 66% YoY to ₹2,387 crore in Q2 FY27, or 0.41% of AUM, down from 1.53%.^[2]
Rural consumer AUM grew 49% YoY and urban consumer AUM 38% YoY in Q1 FY27; CV/tractor AUM grew 102% YoY.^[3]
Bajaj Housing Finance AUM grew 24% YoY to ₹149,624 crore in Q1 FY27, with disbursements up 33% to ₹19,509 crore.^[3]
The deposit book stood at ₹68,534 crore as of Q1 FY27.^[3]

Key operating metrics

GNPA was 1.06% in Q2 FY27, compared with 1.24% a year earlier; NNPA was 0.42%, compared with 0.60%.^[2]
Loan loss to average AUF was 1.56% in Q2 FY27, compared with 1.88% a year earlier.^[2]
Cost of funds was 7.31% in Q2 FY27, 9 bps lower than in Q1 FY27; the FY25 average was 7.97%.^[2][1]
Capital adequacy was 20.33% in Q2 FY27, compared with 21.93% as of March 2025; Stage 3 provision coverage was 60%.^[2][1]
Opex to NTI was 33.0% in Q2 FY27, compared with 33.1% a year earlier.^[2]
BHFL's GNPA was 0.29% and its NNPA 0.12% in Q1 FY27.^[3]

Products and market position

BFL offered 27 product lines through 232K distribution points and over 70,000 field agents as of FY25.^[1]
BFL describes itself as the largest lender in India for discretionary spending on consumer electronics, furniture and digital products (FY25).^[1]
The EMI card had 58.91 million cards in force, usable at over 210,300 points of sale, and financed 58% of new loans in FY25.^[1]
New car finance AUM was ₹5,281 crore at the end of FY25, across 59 locations, over 2,700 dealer outlets and 24 OEMs.^[1]
Bajaj Housing Finance held a 7% share of retail mortgages in FY25, against a target of 12% to 15%.^[1]
BFL is a corporate insurance agent tied up with 17 insurers (FY25).^[1]

Distribution and customer reach

The customer franchise reached 128.85 MM in Q2 FY27, with 4.42 MM customers added in the quarter, compared with 5.10 MM in Q1 FY27.^[2]
BFL booked 13.45 MM new loans in Q2 FY27, up 11% YoY.^[2]
BFL added 321 gold loan branches in Q2 FY27, taking the total to 2,022 gold loan branches and 480 MFI branches.^[2]
BFL had 4,263 locations at the end of FY25, after adding 118 that year.^[1]
The Bajaj Finserv App had 70.57 million net installs, 96% 90-day retention and a 4.78 rating in FY25.^[1]
The cross-sell franchise reached 79.22 MM customers as of Q1 FY27.^[3]

FinAI and technology

Disbursements from voice and text AI bot leads were ₹2,744 crore in Q2 FY27, up 112% YoY; the AI unit had 328 staff.^[2]
62 AI agents were live as of Q1 FY27, up from 27 at the end of Q4 FY26.^[3]
AI bots handled 71% of DIY customer service volumes in Q1 FY27.^[3]
BFL holds a 41.5% stake in Snapwork Technologies, which built the Bajaj Finserv App, and acquired a 26.53% stake in Pennant Technologies.^[1][5]

Expansion plans

Agentic AI deployments are to scale to 118 use cases in FY27.^[2]
Planned for FY27: a consumer AI platform with an 'Explore' capability by Q4, an AI fraud model by Q3 and a personal loan AI scorecard by Q4.^[2]
BFL targeted 2,700-2,800 gold loan branches (possibly 3,000) by the end of FY27, with gold loan AUM of ₹29,000-₹31,000 crore.^[3]
150-175 new BFL locations are planned for FY27.^[3]
MFI branches are targeted at 520-550 by the end of FY27.^[3]
FY27 guidance for new customer additions was raised to 18-20 MM (Q1 FY27).^[3]
BHFL stake to be diluted from 86.7% to 75%.^[3]

Guidance

Consolidated corridors given in Q2 FY27: AUM growth 23-25%, profit growth 23-24%, GNPA <1.4%, NNPA <0.5%, ROA 4.3-4.7%, ROE 19-21%.^[2]
A leverage ratio of 5x-5.5x is used for capital planning (Q2 FY27).^[2]
FY27 NIM was expected to moderate by 10-15 bps, and opex to NTI to improve by 25-40 bps.^[3]

Recent developments

In Q2 FY27 the board approved a QIP of up to ₹11,700 crore and a preferential issue of warrants of up to ₹5,800 crore to promoter Bajaj Finserv; both need shareholder approval.^[2]
BFL stopped financing Bajaj Auto two- and three-wheelers entirely in December 2024, after Bajaj Auto Credit Limited began operating.^[1]
BFL held AAA/stable ratings from CRISIL, ICRA, CARE and India Ratings and a 'BBB-' positive issuer rating from S&P (FY25).^[1]
MSME GNPA rose to 2.82% in Q1 FY27 from 1.83% a year earlier, after pruning of the book that began in July 2025.^[3]

Market Cap

₹5,77,146 Cr

High / Low

₹1,178 / 788

Stock P/E

26.6

Price / Book

4.7

Book Value

₹183

EPS

₹30.6

No. of Shares

622.25 Cr

ROE

18.1%

Debt / Equity

3.82

Sales

₹81,982 Cr

Net Profit

₹19,332 Cr

Promoter holding

54.7%

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