Bajaj Finance profit surges 23% in September quarter

ET BureauLast Updated: Nov 11, 2025, 06:00:00 AM IST

Synopsis

Bajaj Finance reported a 23% yearly increase in consolidated net profit to ₹4,948 crore for the July-September quarter, driven by a 22% rise in net interest income and a 26% surge in new loans booked. The NBFC's assets under management grew 24% to ₹4.6 lakh crore, with a mild deterioration in asset quality to 1.2%.

Mumbai: Non-bank finance company Bajaj Finance reported a yearly consolidated net profit increase of 23% to ₹4,948 crore in the July-September quarter amid an increase in consumption ahead of the festive season. The NBFC's net interest income grew 22% on year to ₹10,785 crore, while the number of new loans booked in Q2FY26 stood at 1.22 crore as against 97 lakh in Q2FY25, showing an annual growth of 26%. Their assets under management (AUM) grew 24% annually to ₹4.6 lakh crore.

AUM increased 24% led by growth in urban consumer loans and also growth in the MSME loan book. AUM for the mortgages business also increased 24% to ₹1.3 lakh crore at the end of September 2025.

Asset quality deteriorated mildly, with gross non performing assets at 1.2% in Q2FY26 versus 1.1% in Q2FY25. The company increased provisions 19% to ₹2,269 crore in Q2 as against ₹1,909 crore same time last year. Shares of the company rose 1.8% during the day to close at ₹1,085.40 a piece.

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