Financial Performance Highlights - Consolidated (H1 FY27)

Key Metrics:

  • Profit After Tax (PAT): ₹12,447 crore, up 28% from ₹9,713 crore in H1 FY26
  • Profit Before Tax (PBT): ₹16,686 crore, up 29% from ₹12,976 crore in H1 FY26
  • Assets Under Management (AUM): ₹584,624 crore as of 30 September 2026, up 26% from ₹462,261 crore as of 30 September 2025
  • Net Interest Income: ₹25,905 crore, up 23% from ₹21,013 crore in H1 FY26
  • Net Total Income: ₹31,198 crore, up 23% from ₹25,441 crore in H1 FY26
  • Operating Expenses to Net Total Income Ratio: 33.2% (vs 33.1% in H1 FY26)
  • Loan Losses & Provisions: ₹4,160 crore (includes ₹633 crore prudent management and macro-economic provisions)
  • Excluding Provisions: Loan losses would be ₹3,527 crore, down 13% YoY

Asset Quality:

  • Gross NPA: 1.06% as of 30 September 2026 (1.24% as of 30 September 2025)
  • Net NPA: 0.42% as of 30 September 2026 (0.60% as of 30 September 2025)
  • Provisioning Coverage: 60% on stage 3 assets and 143 bps on stage 1 and 2 assets

Capital and Liquidity:

  • Capital Adequacy Ratio: 20.33% (including Tier-II capital) as of 30 September 2026
  • Tier-I Capital: 19.43%
  • Liquidity Surplus: ₹19,995 crore as of 30 September 2026

Operational Highlights

Customer and Business Metrics:

  • New Loans Booked: 29.58 million in H1 FY27, up 15% from 25.66 million in H1 FY26
  • Customer Franchise: 128.85 million as of 30 September 2026, up 16% from 110.64 million as of 30 September 2025
  • Estimated New Customer Addition: 18-20 million for FY27
  • Deposits Book: ₹69,754 crore as of 30 September 2026 (approximately 14% of consolidated borrowings)
  • Geographic Presence: 4,091 locations including 2,022 gold loan branches and 480 MFI branches
  • Distribution Points: Over 254,000 as of 30 September 2026
  • Bajaj Finserv App Net Installs: 94.0 million as of 30 September 2026
  • UPI Handles: 66.10 million as of 30 September 2026
  • EMI Cards in Force: 100.38 million as of 30 September 2026

Credit Ratings:

  • Domestic: AAA/Stable for long-term debt and deposit programmes, A1+ for short-term debt programme
  • International: BBB/Stable and A-2 from S&P Global Ratings, Baa3 with stable outlook from Moody's Ratings

Capital Raising Initiative

On 1 October 2026, the Board of Directors approved:

  • Qualified Institutions Placement (QIP): Up to ₹11,700 crore to Qualified Institutional Buyers
  • Preferential Issue: Warrants convertible into equity shares for up to ₹5,800 crore to promoter company Bajaj Finserv Limited
  • Total Capital Raise: ₹17,500 crore

Rationale: Driven by strong India growth, underlying growth momentum of the Company and its subsidiaries, and increasing focus on building resilience.

Subsidiary Performance

Bajaj Housing Finance Limited (BHFL):

  • AUM: ₹158,205 crore, up 25% YoY
  • Net Interest Income: ₹2,023 crore, up 10% YoY
  • PAT: ₹1,472 crore, up 20% YoY
  • Gross NPA: 0.29%, Net NPA: 0.12%
  • Capital Adequacy: 21.24% (including Tier-II capital)

Bajaj Financial Securities Limited (BFinsec):

  • Customer Franchise: 1.61 million as of 30 September 2026 (acquired 0.23 million customers in H1 FY27)
  • Assets Under Finance: ₹12,058 crore, up 59% YoY
  • Net Interest Income: ₹211 crore, up 34% YoY
  • PAT: ₹114 crore, up 31% YoY

Strategic Context

The document references India's strong economic performance with real GDP growing 7.8% in Q1 FY27 and RBI expecting 7.1% growth for FY27. The company is pursuing its BFL 3.0 transformation as a FINAI company, embedding AI across customer engagement, operations, risk and controllership.