Bajaj Finance Q2 FY27 Results: Consolidated Net Profit ₹6,266 Crore on Total Income of ₹24,576 Crore
Earnings
Financial Services
Blacklitt Research3 min read
Daderot, via Wikimedia Commons (CC0 1.0). Illustrative image.
Bajaj Finance reported consolidated total income of ₹24,575.82 crore and net profit of ₹6,266.20 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹20,919.40 crore and net profit was ₹5,536.10 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹24,576 crore, up 22.9% YoY, up 6.1% QoQ
Net profit: ₹6,266 crore, up 28.5% YoY, up 4.7% QoQ
Assets under management: ₹5,84,624 crore, up 26% YoY and ₹37,680 crore in the quarter
Standalone
The company on its own, without its subsidiaries
Total income: ₹20,919 crore, up 23.0% YoY, up 5.6% QoQ
Net profit: ₹5,536 crore, up 30.2% YoY, up 3.6% QoQ
EPS: ₹8.90, against ₹6.84 in Q2 FY26
Net profit before the one-off provision: the company says PAT would have grown 34%
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
24,575.82
19,992.38
+22.9%
23,166.42
+6.1%
Interest income
21,936.39
17,795.97
+23.3%
20,512.73
+6.9%
Fees and commission income
2,366.03
1,780.00
+32.9%
2,378.69
-0.5%
6,266.20
4,875.36
+28.5%
5,985.75
+4.7%
Profit before tax
8,537.00
6,608.00
+29.2%
n/a
n/a
Net profit margin
25.50%
24.39%
+1.11 pp
25.84%
-0.34 pp
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew 29% with a ₹337 crore precautionary provision inside it. The company reports consolidated profit after tax of ₹6,367 crore against ₹4,948 crore, and profit before tax of ₹8,537 crore against ₹6,608 crore. The table shows profit attributable to owners, ₹6,266.20 crore, which is lower than the release's figure because it excludes minority interests. The quarter includes a prudent management and macro-economic provision of ₹337 crore; before it the company says profit before tax grew 34% to ₹8,874 crore and PAT 34% to ₹6,619 crore.
Growth comes from the book and from operating efficiency. Assets under management grew 26% to ₹5,84,624 crore, adding ₹37,680 crore in the quarter; net interest income rose 24% to ₹13,335 crore and net total income 23% to ₹15,974 crore. Operating expenses were 33.0% of net total income against 33.1%, and pre-provisioning operating profit rose 23% to ₹10,699 crore. New loans booked were 13.45 million (+11%) and the customer franchise 128.85 million (+16%), 4.42 million added in the quarter.
Credit costs are lower than a year ago. Loan losses and provisions were ₹2,166 crore against ₹2,080 crore, and ₹1,829 crore (down 12%) without the ₹337 crore provision; as a share of average assets they were 1.56% against 1.88%, or 1.32% excluding it. Gross NPA was 1.06% and net NPA 0.42%, against 1.24% and 0.60% a year earlier, with stage 3 coverage of 60%. Capital adequacy was 20.33% with Tier I at 19.43%. The group's subsidiaries include Bajaj Housing Finance and Bajaj Financial Securities.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
20,919.40
17,004.53
+23.0%
19,803.10
+5.6%
Interest income
18,549.14
14,968.60
+23.9%
17,369.35
+6.8%
Fees and commission income
2,198.54
1,679.03
+30.9%
2,227.68
-1.3%
5,536.10
4,250.77
+30.2%
5,345.52
+3.6%
Finance costs
6,398.84
5,242.94
+22.0%
5,874.34
+8.9%
Profit before tax
7,420.81
5,703.28
+30.1%
7,162.86
+3.6%
Tax expense
1,884.71
1,452.51
+29.8%
1,817.34
+3.7%
Net profit margin
26.46%
25.00%
+1.47 pp
26.99%
-0.53 pp
EPS, basic (₹)
8.90
6.84
+30.1%
8.60
+3.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The parent earns about 88% of the group's attributable profit (derived). Standalone net profit was ₹5,536.10 crore against ₹4,250.77 crore (+30.2%), and earnings per share ₹8.90 against ₹6.84. Profit before tax was ₹7,420.81 crore against ₹5,703.28 crore, and tax took 25.4% of it, against 25.5% a year ago. Interest income rose 23.9% to ₹18,549.14 crore, fees and commission income 30.9% to ₹2,198.54 crore and finance costs 22.0% to ₹6,398.84 crore (derived growth).
Against June net profit rose 3.6% from ₹5,345.52 crore. The company holds the highest credit rating of AAA/Stable for its long-term debt from CRISIL, ICRA, CARE and India Ratings, and issuer ratings of BBB/Stable from S&P Global and Baa3 from Moody's. The scanned statement is only partly legible, so the standalone expense lines other than finance costs are not quoted.
Inference
Bajaj Finance's profit grew 29% on 26% growth in assets under management, with the one-off ₹337 crore provision holding growth about five points lower than the company's own pre-provision figure.
The provision is precautionary, so whether it is released or repeated is not stated in the filing; the book's asset quality ratios are better than a year ago.
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