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Bajaj Finance delivered a strong Q2FY27 performance

ICICIdirect Research 21 Oct 2026 DISCLAIMER

News:  Bajaj Finance delivered a strong Q2FY27 performance, with consolidated AUM growing 26% YoY to ₹5,84,624 crore and customer franchise expanding to 12.9 crore. PBT and PAT increased 29% YoY to ₹8,537 crore and ₹6,367 crore, respectively, while annualised RoA and RoE stood at 4.6% and 20.6%. Asset quality remained comfortable, with GNPA/NNPA at 1.06%/0.42%, while annualised loan loss to average AUF stood at 1.56% (1.32% excluding the ₹337 crore prudent management and macro-economic provision).

View: Strong growth momentum, improving underlying credit cost and operating efficiency should partly offset near-term margin moderation and support healthy profitability. The proposed capital raise provides headroom to sustain accelerated growth, while diversified business engines and continued customer franchise expansion should support earnings.

Impact: Positive

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