Noida, Oct 19 (APAC Media): NBFC major Bajaj Finance on Monday reported a 29 per cent year-on-year rise in net profit to Rs 6,367 crore for the second quarter of FY27, compared with Rs 4,948 crore in the year-ago period, according to a regulatory filing.
Bajaj Finance’s assets under management (AUM) rose 26 per cent year-on-year to Rs 5,84,624 crore as of September 30, 2026, from Rs 4,62,261 crore a year earlier. The company’s AUM grew by Rs 37,680 crore during the second quarter of FY27.
Net interest income increased 24 per cent to Rs 13,335 crore in the July-September quarter of FY27, compared with Rs 10,785 crore in the corresponding quarter of the previous financial year. Total income rose 23 per cent year-on-year to Rs 15,974 crore from Rs 12,982 crore in Q2 FY26.
Union Bank of India Q2 Results: Net Profit Jumps 30% to ₹5,781 Crore; NII Up 20%
Bajaj Finance’s asset quality improved during the second quarter of FY27, with gross non-performing assets (NPAs) declining to 1.06 per cent as of September 30, 2026, from 1.24 per cent a year earlier. Net NPAs also fell to 0.42 per cent from 0.60 per cent during the same period. The provisioning coverage ratio on Stage 3 assets stood at 60 per cent.
The non-banking financial company (NBFC) booked 13.45 million new loans in Q2 FY27, marking an 11 per cent increase from 12.17 million loans in the year-ago quarter.
Its customer franchise expanded 16 per cent year-on-year to 128.85 million as of September 30, 2026, compared with 110.64 million a year earlier. The customer base grew by 4.42 million during the July-September quarter.
Operating expenses as a proportion of net total income remained broadly stable at 33 per cent in Q2 FY27, compared with 33.1 per cent in the corresponding quarter of the previous financial year.
Pre-provisioning operating profit rose 23 per cent year-on-year to Rs 10,699 crore in Q2 FY27 from Rs 8,685 crore in Q2 FY26.
Loan losses and provisions stood at Rs 2,166 crore during the quarter, compared with Rs 2,080 crore a year earlier. The Q2 FY27 figure included Rs 337 crore in prudent management and macroeconomic provisions.
Excluding these additional provisions, loan losses and provisions amounted to Rs 1,829 crore, down 12 per cent from the year-ago period.
Loan losses and provisions as a proportion of average assets under finance declined to 1.56 per cent in Q2 FY27 from 1.88 per cent in Q2 FY26 on an annualised basis. Excluding the Rs 337 crore in prudent management and macroeconomic provisions, the ratio stood at 1.32 per cent in the latest quarter.
-ENDS–
Disclaimer: This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
Also Read:
Brent Crude Hits $110 as Iran Escalates Hormuz Attacks, Ukraine Targets Russian Refineries
Live MCX Market Watch Index
