Bajaj Finance Q2 FY27 Earnings Call Transcript Released
Bajaj Finance reported strong Q2 FY27 results with AUM growing 26.5% to ₹5,84,624 crore and PAT up 29% to ₹6,367 crore. The company added 4.5 million customers, expanding its base to 129 million. Plans include raising ₹11,700 crore via QIP to support growth. Credit costs remain low, and AI transformation is progressing rapidly.
The announcement details robust financial results, significant growth figures, and future capital raising plans, which are material information for investors and will likely influence market perception and stock performance.
The company reported strong growth in AUM, profit, and customer additions, alongside improved credit metrics and a positive outlook, indicating a favorable financial performance.
Bajaj Finance Limited has released the transcript of its Q2 FY27 investor conference call, which was held on October 19, 2026. The call featured insights from Vice Chairman and Managing Director, Mr. Rajeev Jain, and COO and CFO, Mr. Sandeep Jain.
During the call, Mr. Jain reported an excellent quarter with strong performance across key metrics. Assets Under Management (AUM) grew by 26.5% to ₹5,84,624 crore, with a net AUM addition of approximately ₹38,000 crore in the quarter. Profit Before Tax (PBT) grew by 29% to ₹8,537 crore, and Profit After Tax (PAT) grew by 29% to ₹6,367 crore. The company booked nearly 13.5 million new loans and added 4.5 million new customers, expanding its customer franchise to nearly 129 million. ROA stood at 4.6% and ROE at 20.6%.
Growth was observed to be secular across various business segments, including urban consumer finance (43% growth), rural consumer finance (63% growth), and Microfinance (54% growth). The captive loan book has significantly reduced to approximately ₹2,400 crore. The gold loan book portfolio grew to 4.1% of the balance sheet, amounting to over ₹24,000 crore, with plans to expand the gold loan branches network.
New loans grew by 11% to 13.5 million, and the company is on track to deliver between 60 million to 62 million new loans in FY27. The customer franchise is expected to grow to 18 to 20 million new customers in FY27. Liquidity buffer remained strong at nearly ₹20,000 crore, and the cost of funds decreased sequentially by 9 basis points to 7.31%. Opex to total income improved to 33%, with a projected 25 to 40 basis point improvement in FY27.
Regarding asset quality, loan loss to average AUF improved to 1.56%. A macroeconomic overlay of ₹337 crore was recognized. Stage 2 and Stage 3 assets saw an increase of ₹1,601 crore, primarily due to short-tenure schemes in the gold loan business, which the company has since discontinued. The company remains comfortable with the credit cost outlook for FY27, with Gross NPA (GNPA) and Net NPA (NNPA) at 1.06% and 42 basis points, respectively.
Bajaj Finance also announced plans to raise capital through a Qualified Institutional Placement (QIP) of ₹11,700 crore and preferential warrants of ₹5,800 crore from Bajaj Finserv, subject to shareholder approval, to fund its growth story. The company is also doubling down on its AI transformation, with AI bots handling 75% of DIY customer service volumes and facial recognition technology deployed in numerous stores.
Subsidiaries Bajaj Housing Finance Limited (BHFL) and Bajaj Finserv Direct Limited (BFSL) also reported good quarters with growth in disbursements, AUM, and PAT.
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