Bajaj Finance Q2 FY26: AUM Jumps 24% to ₹462,261 Crore, PAT Rises 23%
Bajaj Finance reported robust Q2 FY26 consolidated results with AUM up 24% to ₹462,261 crore and PAT up 23% to ₹4,948 crore. The company saw strong festive season performance and is advancing its FINAI transformation.
This comprehensive investor presentation includes detailed financial results for the main entity and its subsidiaries, key operational metrics, strategic developments like the FINAI transformation, and management changes. Such extensive information is highly material for investors and is likely to have a significant impact on market perception and stock valuation.
The company demonstrated strong financial performance with significant growth in AUM, PAT, and new customer acquisition. Positive outlook from the festive season performance and ongoing strategic AI initiatives further contribute to a positive sentiment, despite elevated credit costs.
Bajaj Finance Limited announced its consolidated financial performance and other updates for the quarter ended 30 September 2025: * Consolidated Assets Under Management (AUM) grew by 24% year-on-year to ₹462,261 crore, with an increase of ₹20,811 crore in Q2 FY26. * Consolidated Profit After Tax (PAT) increased by 23% to ₹4,948 crore, and Profit Before Tax (PBT) grew by 22% to ₹6,608 crore. * Net Interest Income (NII) for the quarter was up 22% to ₹10,785 crore. * The company booked 12.17 million new loans, a 26% growth over Q2 FY25, and added 4.13 million new customers, taking the total customer franchise to 110.64 million. * Opex to Net total income improved to 32.6% from 33.2% in Q2 FY25. * Loan losses and provisions were up 19% to ₹2,269 crore, with credit cost remaining elevated, particularly in captive 2 & 3-wheeler and MSME businesses. GNPA stood at 1.24% and NNPA at 0.60% as of 30 September 2025. * Liquidity buffer was strong at ₹16,058 crore, and the cost of funds was 7.52%, expected to be 7.55%-7.60% for FY26. * Capital adequacy remained robust at 21.23%. * The festive season saw strong performance, with 6.3 million consumer loans disbursed (27% volume growth, 29% value growth) and 2.3 million new customers added, indicating a premiumization trend in consumer financing. * Mr. Manish Jain has been elevated to Deputy CEO, also overseeing Loan against Securities, Commercial Lending, and Deposits businesses. * The company's FINAI transformation is progressing, with 80 high-impact AI use cases planned to go live by February 2026, face recognition technology deployment in 300 locations by February 2026, and full FINAI deployment across all 27 lines of business by March 2026. * Bajaj Housing Finance Ltd (BHFL) reported a 24% AUM growth to ₹126,749 crore and an 18% PAT growth to ₹643 crore, maintaining healthy asset quality with GNPA at 0.26% and NNPA at 0.12%. * Bajaj Financial Securities Ltd (BFSL) achieved a 40% AUM growth to ₹7,597 crore and a 27% PAT growth to ₹47 crore, adding 94,000 customers in the quarter.
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