Noida, Apr 29 (APAC Media): NBFC Bajaj Finance on Wednesday reported a 22% year-on-year rise in its consolidated net profit to Rs 5,465 crore for the fourth quarter of FY26, compared with Rs 4,480 crore in the corresponding period last year, according to a regulatory filing.
The board has also recommended a final dividend of Rs 6 per share for the financial year ended March 2026, the company said in a regulatory filing.
The lender’s assets under management (AUM) crossed the Rs 5 lakh crore mark, rising to Rs 5.09 lakh crore as of March 2026, compared with Rs 4.16 lakh crore a year earlier, marking a 22% growth. During the quarter, AUM increased by Rs 25,498 crore.
The NBFC reported a 20% rise in net interest income (NII) to Rs 11,781 crore in Q4 FY26, compared with Rs 9,808 crore in the corresponding quarter of the previous fiscal, the company said. The operating expenses to net total income ratio stood at 33.8% in Q4 FY26, against 33.6% in Q4 FY25.
Bajaj Finance – Key Financials Chart (Q4 Comparison)
| 📌 Metric | Q4 FY25 | Q4 FY26 | YoY Change |
|---|---|---|---|
| Net Profit (PAT) (₹ crore) | 4,546 | 5,553 | +22% |
| Profit Before Tax (₹ crore) | 5,647 | 7,410 | +31% (approx) |
| Net Interest Income (₹ crore) | 9,808 | 11,781 | +20% |
| Gross NPA (GNPA %) | 0.96% | 1.01% | +5 bps |
| Net NPA (NNPA %) | 0.44% | 0.41% | -3 bps |
| Credit Cost (%) | 2.17% | 1.65% | -52 bps |
| AUM (₹ lakh crore) | 4.16 | 5.09 | +22% |
| Operating Expense Ratio (%) | 33.6% | 33.8% | +20 bps |
Bajaj Finance announced that Rajiv Bajaj will step down from the board and will not seek re-election at the Annual General Meeting (AGM) scheduled for July 30, 2026, and will cease to be a non-executive director upon the conclusion of the meeting.
The board approved the reappointment of Pramit Jhaveri as a non-executive independent director for a second term of five years, effective August 1, 2026, subject to shareholders’ approval.
“As per Regulation 42 of SEBI Listing Regulations, Friday, June 12, 2026, is fixed as the record date for ascertaining eligibility for the payment of the final dividend for the financial year 2025-2026, if declared. On declaration, the final dividend will be paid on or after Thursday, August 13, 2026,” the company said.
The NBFC major reported continued strong traction in customer acquisition and loan disbursements, booking 12.89 million new loans during the quarter, up 20% from 10.7 million in the year-ago period.
The Co. board approved raising funds through debt instruments, including non-convertible debentures in Indian or foreign currency, as part of an increase in the overall borrowing limit from Rs 3.75 lakh crore to Rs 5.5 lakh crore under Section 180(1)(c) of the Companies Act, 2013, subject to shareholders’ approval at the upcoming AGM. The funds will be raised on terms such as interest rate, tenure and security as decided through offer documents from time to time.
The company’s customer franchise grew 17% year-on-year to 119.33 million, with an addition of 3.93 million customers during the March quarter alone.
Loan losses and provisions fell to Rs 2,008 crore from Rs 2,167 crore a year earlier, while annualised credit cost improved to 1.65% from 2.17%, reflecting better portfolio quality and improved collections.
Asset quality stayed steady, with gross non-performing assets (GNPA) at 1.01% and net NPA at 0.41% as of March end versus 0.96% and 0.44% a year earlier, respectively. Provisioning coverage on Stage 3 assets was 60%.
Profit before tax increased to Rs 7,410 crore from Rs 5,647 crore in the corresponding quarter last year, reflecting strong operating leverage. Excluding one-time items, profit after tax (PAT) growth was higher at around 27%.
Cost ratios remained largely stable, with the operating expense-to-net total income ratio at 33.8%, broadly in line with the previous year.
The company maintained a strong capital position, reporting a capital adequacy ratio of 21.55%, including Tier-I capital of 20.67%, offering adequate headroom for future growth.
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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