Key Financial Performance - Consolidated (Q2 FY27)

  • Assets Under Management (AUM): ₹584,624 crore, up 26% YoY from ₹462,261 crore (30 September 2025)
  • AUM Addition: ₹37,680 crore in Q2 FY27
  • Net Interest Income: ₹13,335 crore, up 24% YoY
  • Net Total Income: ₹15,974 crore, up 23% YoY
  • Pre-provisioning Operating Profit: ₹10,699 crore, up 23% YoY
  • Profit Before Tax: ₹8,537 crore, up 29% YoY
  • Profit After Tax: ₹6,367 crore, up 29% YoY
  • Loan Losses & Provisions: ₹2,166 crore (includes ₹337 crore prudent management and macro-economic provision)
  • Excluding Provision Impact: PBT would be ₹8,874 crore (up 34% YoY), PAT would be ₹6,619 crore (up 34% YoY)
  • Annualized ROA: 4.6% (vs 4.5% in Q2 FY26)
  • Annualized ROE: 20.6% (vs 19.1% in Q2 FY26)
  • Earnings Per Share (Basic): ₹10.07 for the quarter

Business Metrics - Consolidated

  • New Loans Booked: 13.45 million in Q2 FY27, up 11% YoY (not directly comparable due to early festival season last year)
  • FY27 Guidance: Expects to disburse 60-62 million new loans
  • New Customer Addition: 4.42 million in Q2 FY27
  • FY27 Guidance: Expects to add 18-20 million new customers
  • Total Customer Franchise: 128.85 million as of 30 September 2026
  • Cross-sell Franchise: 82.36 million
  • Distribution Points: Added 4,100 in Q2; total active distribution points over 254,000 across 4,091 locations
  • FY27 Expansion Plan: 150-175 new locations
  • Gold Loan Branches: Added 321 in Q2; total 2,022 branches (target: 2,700-2,800 by FY27)
  • MFI Branches: Total 480 branches (target: 520-550 by FY27)

Asset Quality - Consolidated

  • GNPA: 1.06% as of 30 September 2026 (vs 1.24% as of 30 September 2025)
  • NNPA: 0.42% as of 30 September 2026 (vs 0.60% as of 30 September 2025)
  • Stage 2 & 3 Assets: 2.02% of loans (from 1.87% in Q1 FY27), includes ₹1,047 crore increase in gold loan business due to short-tenor schemes
  • Adjusted for Gold Loans: Stage 2 & 3 improved to 1.88% from 1.90% in Q1 FY27
  • Provisioning Coverage Ratio: 60% on stage 3 assets
  • Provisioning Coverage on Stage 1 & 2: 181 bps
  • Vintage Credit Performance: Improvement across 3MOB, 6MOB and 9MOB buckets

Liquidity and Funding

  • Liquidity Buffer: ₹19,995 crore as of 30 September 2026
  • Cost of Funds: 7.31% in Q2 FY27, improved by 9 bps from Q1 FY27
  • Deposits Book: ₹69,754 crore, contributing 14% of consolidated borrowings
  • Borrowing Mix: Money Markets 52%, Banks 29%, Deposits 14%, ECB 5%
  • Daily Average LCR: 214% in Q2 (vs regulatory requirement of 100%)

Capital Structure

  • Capital Adequacy Ratio: 20.33% as of 30 September 2026
  • Tier-1 Capital: 19.43%
  • Leverage Ratio: 5.1x (company considers 5x-5.5x for resilience planning)

Capital Raise Announcement

  • Board Approval Date: 1 October 2026
  • QIP Size: Up to ₹11,700 crore through Qualified Institutions Placement
  • Preferential Issue: Up to ₹5,800 crore in warrants convertible to equity shares to Bajaj Finserv Limited (promoter)
  • Approval Status: Subject to shareholder approval
  • Rationale: Strong India growth, underlying growth momentum of Company and subsidiaries, building resilience across business dimensions

FINAI Transformation Update

Comprehensive AI transformation across multiple domains with significant progress:

People & Infrastructure

  • Dedicated AI employees: 328 (up 171% YoY)
  • AI text BOTs for employees: 39
  • Face recognition cameras: 1,698 total (535 in stores, 1,163 in service branches)

Data & Processing

  • Voice to data conversion: 56 million customer interactions
  • Text to data conversion: 0.5 million customer interactions
  • Documents processed: 29 million
  • Auto quality check of documents: 22.8 million

Customer Engagement

  • AI Voice BOTs live: 13
  • AI Text BOTs live: 24
  • Promotional SMS with AI BOT penetration: 77%
  • Click-through-rate of AI BOT in promotional SMS: 2.65x
  • DIY customer servicing through AI: 75%

Business Impact

  • New loan offers from AI initiatives: 0.4 million
  • Disbursals from AI-generated leads: ₹2,744 crore
  • Disbursals from voice log processing: ₹596 crore
  • Receipts through AI Text BOTs in DMS: 0.32 million

Future Roadmap

Multiple initiatives on track for FY27 completion including Image Analytics deployment, consumer AI platform, 600+ AI agents, fraud detection framework, and AI governance policy deployment.

Subsidiary Performance

Bajaj Housing Finance Limited (BHFL)

  • AUM: ₹158,205 crore, up 25% YoY (crossed ₹1.5 lakh crore milestone)
  • PBT: ₹980 crore, up 18% YoY
  • PAT: ₹757 crore, up 18% YoY
  • Asset Quality: GNPA 0.29%, NNPA 0.12%
  • Capital Adequacy: 21.24%, Tier-1 20.83%
  • Cost of Funds: 7.04%, improved 17 bps from Q1

Bajaj Financial Securities Limited (BFSL)

  • AUM: ₹12,058 crore, up 59% YoY
  • PAT: ₹64 crore, up 36% YoY
  • Customer Addition: 121,000 in Q2
  • Total Franchise: 1.61 million
  • ROE: 11.6%

Historical Financial Snapshot

19-year consolidated CAGR (2008-2026):

  • Loans booked: 25%
  • Customer franchise: 32%
  • AUM: 34%
  • Total income: 33%
  • PAT: 46%

Shareholding Pattern (Top 20 as of 30 September 2026)

  • Bajaj Finserv Ltd: 51.30%
  • Maharashtra Scooters Limited: 3.06%
  • LIC of India: 1.63%
  • SBI Nifty 50 ETF: 0.85%
  • SBI Focused Fund: 0.75%

Webcast Information

Live webcast scheduled for 19 October 2026 at 6:00 PM IST