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Bajaj Finance reported a healthy Q1FY27 performance

ICICIdirect Research 31 Jul 2026 DISCLAIMER

News: Bajaj Finance reported a healthy Q1FY27 performance, with consolidated AUM rising 24% YoY to ₹5,46,944 crore, driven by a quarterly AUM addition of ₹36,969 crore an customer franchise expanding to 12.44 crore. Net interest income grew 22% YoY to ₹12,610 crore, while NIM remained stable at 10.25%. Consolidated PAT increased 28% YoY to ₹6,081 crore, with annualised RoA/RoE improving to 4.7%/20.4%. Asset quality strengthened, with GNPA/NNPA improving to 0.96%/0.39%, while annualised credit cost moderated to 1.54% (1.31% excluding the ₹296 crore management and macroeconomic overlay)

View: Bajaj Finance's strong execution, improving asset quality and stable margins continue to support earnings visibility. The company's AI-led transformation through FINAI, expanding digital ecosystem and deeper customer monetisation are expected to drive the next phase of growth, while maintaining healthy return ratios.

Impact: Positive

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