Bajaj Finance Limited Q2 FY2027 Investor Presentation
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Overview
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Detailed Analysis
Sentiment
Positive
Executive Summary
Bajaj Finance Q2 FY27: Net total income ₹15,974 Cr, PAT ₹6,367 Cr (vs ₹4,948 Cr YoY)
This Q2 FY27 investor presentation reports consolidated Net total income of ₹15,974 Cr and Profit after tax of ₹6,367 Cr (up 29% YoY), with Assets under Management of ₹584,624 Cr (up 26% YoY) and Profit before tax of ₹8,537 Cr (up 29% YoY). The deck highlights strong customer traction with 13.45 MM new loans booked in Q2 and 4.42 MM new customers added in the quarter, taking total franchise to 128.85 MM. Asset quality remained resilient with GNPA at 1.06% and NNPA at 0.42% as of 30 Sep 2026, while loan losses and provisions were ₹2,166 Cr in Q2 FY27 (including a prudent macro provision of ₹337...Assets under management (AUM)
₹584,624 Crvs ₹462,261 Cr in Q2 FY26
Net total income (Consolidated)
₹15,974 Crvs ₹12,982 Cr in Q2 FY26
Profit after tax (PAT) - Consolidated
₹6,367 Crvs ₹4,948 Cr in Q2 FY26
Profit before tax (PBT) - Consolidated
₹8,537 Crvs ₹6,608 Cr in Q2 FY26
Return on equity (annualised)
20.6%vs 19.1% in Q2 FY26
GNPA (Consolidated)
1.06%vs 1.24% in Q2 FY26
Cost of funds (Q2 FY27)
7.31%Key Highlights
10
Consolidated AUM grew 26% YoY to ₹584,624 Cr with AUM addition of ₹37,680 Cr in Q2 FY27
Net total income rose 23% YoY to ₹15,974 Cr in Q2 FY27 driven by a 24% YoY increase in net interest income to ₹13,335 Cr
Consolidated PBT increased 29% YoY to ₹8,537 Cr in Q2 FY27 and PBT before the prudent macro provision was ₹8,874 Cr
Loan losses and provisions were ₹2,166 Cr in Q2 FY27 including a prudent management and macro-economic provision of ₹337 Cr
Company booked 13.45 MM new loans in Q2 FY27 and added 4.42 MM new customers in the quarter taking total franchise to 128.85 MM
Gold loan portfolio scaled to ₹24,195 Cr and the company added 321 Gold Loan branches in Q2 taking total Gold branches to 2,022
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Key Highlights
10
Consolidated AUM grew 26% YoY to ₹584,624 Cr with AUM addition of ₹37,680 Cr in Q2 FY27
Net total income rose 23% YoY to ₹15,974 Cr in Q2 FY27 driven by a 24% YoY increase in net interest income to ₹13,335 Cr
Consolidated PBT increased 29% YoY to ₹8,537 Cr in Q2 FY27 and PBT before the prudent macro provision was ₹8,874 Cr
Loan losses and provisions were ₹2,166 Cr in Q2 FY27 including a prudent management and macro-economic provision of ₹337 Cr
Company booked 13.45 MM new loans in Q2 FY27 and added 4.42 MM new customers in the quarter taking total franchise to 128.85 MM
Consolidated capital adequacy remained strong at 20.33% as of 30 Sep 2026 with Tier-1 at 19.43% and leverage ratio 5.1x
Gold loan portfolio scaled to ₹24,195 Cr and the company added 321 Gold Loan branches in Q2 taking total Gold branches to 2,022
Stage 2 & 3 assets increased by ₹1,601 Cr in Q2 FY27 (including a ₹1,047 Cr increase in gold loans) raising Stage 2 & 3 to 2.02% of loans
Liquidity buffer at consolidated level stood at ₹19,995 Cr as of 30 Sep 2026 and deposits book was ₹69,754 Cr (14% of consolidated borrowings)
FINAI transformation
Guidance & Outlook
5
Company expects to disburse 60-62 MM new loans in FY27
Board approved raising up to ₹11,700 Cr via QIP and up to ₹5,800 Cr warrants to promoter to support growth and resilience
Management expects to add 18-20 MM new customers to the franchise in FY27
Company plans to open 150-175 new locations in FY27 and close FY27 with 2,700-2,800 Gold Loan branches and 520-550 MFI branches
Opex to Net total income expected to improve by 25-40 bps in FY27
Risks & Concerns
5
Fundraise of up to ₹11,700 Cr (QIP) and ₹5,800 Cr warrants may dilute equity and will require shareholder approvals, creating near-term execution and market risk
Transient increase in Stage 2 assets—notably a ₹1,047 Cr increase in gold loans—could pressure credit cost if transitional behaviour persists
Macro-economic prudence
Funding concentration risk
Gold loan product transition (short-tenor scheme changes) and rapid scale-up may increase operational and recovery complexity in that vertical
AI-generated analysis. May contain inaccuracies — verify against original sources.