Noida, July 31 (APAC Media): Shares of non-banking financial company (NBFC) Bajaj Finance Ltd surged around 7 per cent on Friday after the company reported a 28 per cent year-on-year increase in consolidated profit after tax (PAT) for the June quarter of FY27.
The stock climbed 7 per cent to touch its 52-week high of Rs 1,130 on the BSE.
On the National Stock Exchange (NSE), shares of the company gained 7.3 per cent to hit a 52-week high of Rs 1,129.10.
The rally came after investors reacted positively to the company’s quarterly earnings performance.
Bajaj Finance on Thursday reported a 28 per cent year-on-year increase in consolidated profit after tax (PAT) at Rs 6,081 crore for the April-June quarter of FY27, supported by growth in core income and an improvement in asset quality.
CLSA maintained its ‘outperform’ rating on Bajaj Finance and raised the target price to ₹1,300 per share. The broker said the NBFC once again lived up to its “Iron Man” tag, with profit after tax beating estimates by 6 per cent, driven by stronger-than-expected net interest income, pre-provision operating profit and lower credit costs.
The non-banking finance company had posted a consolidated PAT of Rs 4,765 crore in the same quarter a year ago.
Net interest income (NII) rose 23 per cent to Rs 12,571 crore during the quarter under review, compared with Rs 10,228 crore in the corresponding period last year, Bajaj Finance said in a regulatory filing.
Gross non-performing assets (NPA) and net NPA of Bajaj Finance stood at 0.96 per cent and 0.39 per cent, respectively, as of June 30, 2026, improving from 1.03 per cent and 0.50 per cent recorded on June 30, 2025.
The provisioning coverage ratio on Stage-3 assets stood at 60 per cent, the company said in a press release.
Bajaj Finance said loan losses and provisions during the first quarter of FY27 were at Rs 1,993 crore, compared with Rs 1,969 crore in the year-ago period. The latest quarter included prudent management and macroeconomic provisions of Rs 296 crore.
Excluding these provisions, loan losses and provisions stood at Rs 1,697 crore, a decline of 14 per cent compared with the corresponding quarter last year.
The NBFC’s net total income rose 22 per cent to Rs 15,224 crore in the quarter under review, compared with Rs 12,460 crore in the corresponding period last year.
The company also reported an improvement in asset quality, with gross non-performing assets (GNPA) declining to 0.96 per cent as of June 30, 2026, from 1.03 per cent a year ago. Net non-performing assets (NNPA) fell to 0.39 per cent from 0.50 per cent during the same period.
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Disclaimer: This article is for informational purposes only. APAC Media is not liable for any investment decisions or losses. Please conduct your own research or consult a financial advisor before investing.
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