Bajaj Finance Ltd.AUM +26.5%, PAT +29%, FY27 growth view up to 26-27%

Bajaj Finance's Q2 FY27 call, held on 19 October 2026, reported assets under management of ₹5,84,624 crore, up 26.5%, with about ₹38,000 crore added in the quarter.

Profit after tax rose 29% to ₹6,367 crore, or 34% before a new ₹337 crore macro overlay, with return on assets of 4.6% and return on equity of 20.6%. Loan losses fell to 1.56% of average assets under finance from 1.88%, and gross NPA was 1.06%. Gold loan Stage 2 assets rose ₹1,047 crore because of short-tenor schemes stopped in August, and about half has already returned to Stage 1. Cost of funds fell 9 basis points to 7.31%, while net interest margin slipped 10 to 12 basis points on the quarter.

Management now expects 26% to 27% growth for FY27, up from the earlier 22% to 24%, and the Board approved a ₹17,500 crore capital raise subject to shareholder approval. It gave no figures for the digital platform target or the planned new lines of business.