Board Meeting Details

The Board meeting commenced at 16:15 Hrs IST on October 19, 2026, and financial results were approved at the meeting. Proceedings were in progress at the time of filing this disclosure.

Documents Enclosed

1. Unaudited standalone and consolidated financial results with limited review reports (Regulation 33 and 52)

2. Details as per Regulation 52(4) of SEBI Listing Regulations

3. Press release regarding financial performance

4. Certificate of Security Cover pursuant to Regulation 54(3)

5. Certificate on use of proceeds from commercial papers

6. Statement as per Regulation 52(7) and (7A)

7. Statement of Related Party Transactions pursuant to Regulation 23(9)

Financial Results Overview

Standalone Performance (Q2 FY27 vs Q2 FY26):
  • Total Income: ₹20,919.40 crore vs ₹17,004.53 crore (23% growth)
  • Profit Before Tax: ₹7,420.81 crore vs ₹5,703.28 crore (30% growth)
  • Profit After Tax: ₹5,536.10 crore vs ₹4,250.77 crore (30% growth)
  • EPS (Basic): ₹8.90 vs ₹6.84
  • Assets Under Management: ₹426,879 crore vs ₹338,121 crore (26% growth)
Consolidated Performance (Q2 FY27 vs Q2 FY26):
  • Total Income: ₹24,575.82 crore vs ₹19,992.38 crore (23% growth)
  • Profit Before Tax: ₹8,537.20 crore vs ₹6,608.13 crore (29% growth)
  • Profit After Tax: ₹6,366.57 crore vs ₹4,947.76 crore (29% growth)
  • EPS (Basic): ₹10.07 vs ₹7.85
  • Assets Under Management: ₹584,624 crore vs ₹462,261 crore (26% growth)

Key Financial Metrics

Standalone Balance Sheet (as of September 30, 2026):
  • Total Assets: ₹490,749 crore
  • Loans: ₹422,268.02 crore
  • Investments: ₹39,701.07 crore
  • Debt Securities: ₹166,383.07 crore
  • Borrowings: ₹133,864.42 crore
  • Deposits: ₹69,671.82 crore
  • Total Equity: ₹110,908.80 crore
Consolidated Balance Sheet (as of September 30, 2026):
  • Total Assets: ₹639,442.52 crore
  • Loans: ₹452,526.98 crore
  • Investments: ₹33,750.91 crore
  • Debt Securities: ₹244,830.95 crore
  • Borrowings: ₹186,672.39 crore
  • Deposits: ₹69,753.70 crore
  • Total Equity: ₹126,365.26 crore

Subsidiary Performance

Bajaj Housing Finance Limited (Q2 FY27):
  • PAT: ₹757 crore (18% YoY growth)
  • AUM: ₹158,205 crore (25% YoY growth)
  • Gross NPA: 0.29%, Net NPA: 0.12%
  • CRAR: 21.24%
Bajaj Financial Securities Limited (Q2 FY27):
  • PAT: ₹64 crore (36% YoY growth)
  • AUM: ₹12,058 crore (59% YoY growth)

Capital Raising Plans

The Board on October 1, 2026, approved:

  • Qualified Institutions Placement (QIP) up to ₹11,700 crore
  • Preferential Issue of warrants to Bajaj Finserv Limited (promoter) up to ₹5,800 crore

Subject to regulatory/statutory approvals including shareholder approval.

Exceptional Items

For year ended March 31, 2026:

  • Gain of ₹1,416.38 crore on sale of shares in Bajaj Housing Finance Limited
  • Charge of ₹250 crore for New Labour Codes impact

Asset Quality

Standalone (September 30, 2026):
  • Gross NPA: 1.33%
  • Net NPA: 0.53%
  • Provisioning Coverage: 60%
Consolidated (September 30, 2026):
  • Gross NPA: 1.06%
  • Net NPA: 0.42%
  • Provisioning Coverage: 60%

Customer and Business Metrics

  • New loans booked: 13.45 million in Q2 FY27 (11% YoY growth)
  • Customer franchise: 128.85 million as of September 30, 2026 (16% YoY growth)
  • AUM growth: ₹37,680 crore in Q2 FY27

Auditor Review

Price Waterhouse LLP and Kirtane & Pandit LLP issued unmodified review opinions on both standalone and consolidated financial results.

Other Disclosures

  • Co-lending arrangements: 3 partners, ₹1,368.74 crore outstanding
  • No lending for project finance activities during the quarter
  • Company maintains highest credit ratings (AAA/Stable) from major rating agencies
  • Designated investor grievance email: investor.service@bajajfinserv.in