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Bajaj Finance reported steady provisional performance in Q2FY27

ICICIdirect Research 05 Oct 2026 DISCLAIMER

News: Bajaj Finance reported steady provisional performance in Q2FY27, with customer franchise at 12.89 crore as of 30 September 2026, up ~16.5% YoY from 11.06 crore, with an addition of 44.2 lakh customers during the quarter. New loans booked grew ~11% YoY to 1.35 crore in Q2FY27. Assets under management expanded 26.5% YoY to ~₹5.85 lakh crore as of 30 September 2026, with a sequential increase of ~₹37,800 crore during the quarter. Deposit book stood at ~₹69,750 crore as of 30 September 2026. The company’s Board has also approved raising up to ₹11,700 crore through QIP and ₹5,800 crore through preferential issue of warrants, subject to approvals.

View: Healthy AUM growth and continued customer additions indicate sustained momentum in the franchise, while the proposed capital raise provides additional headroom to support balance-sheet growth. However, cross-sell momentum has witnessed moderation.

Impact: Neutral

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