Bajaj Finance Q2 Earnings: Net Profit, NII Jump 22%
Bajaj Finance, India’s largest non-banking financial company, reported a 22% rise in consolidated net income to Rs 4,875 crore for the September quarter. Net interest income (NII) also surged 22% to Rs 10,785 crore, while total income increased 20% to Rs 13,170 crore, according to the company’s exchange filings. Shares of the company closed nearly 2% higher at Rs 1,086.6 on the NSE.
The lender saw strong growth in its loan portfolio, with new loans booked rising to 1.22 crore in Q2FY26 from 97 lakh in the same quarter last year, a 26% increase. The customer franchise grew 20% to 11.06 crore, with 41.3 lakh new customers added during the quarter. Loan losses and provisions rose 19% to Rs 2,269 crore, keeping annualised loan losses at 2.05% of average assets, while gross and net NPAs stood at 1.24% and 0.60%, respectively.
Bajaj Finance’s subsidiary, Bajaj Housing Finance, also posted strong numbers, with net income up 18% to Rs 643 crore and NII rising 34% to Rs 956 crore. Its assets under management (AUM) expanded 24% to Rs 1,26,749 crore, reflecting continued growth across the group’s lending businesses.
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