The company said it booked 16.13 million new loans in Q1 FY27, compared with 13.49 million in the corresponding quarter last year. Customer franchise stood at 124.43 million as of June 30, 2026, up from 106.51 million a year earlier. The company added 5.10 million customers during Q1 FY27.
Assets under management (AUM0 increased by approximately ₹36,900 crore during the quarter to ₹5.47 lakh crore, compared with ₹4.41 lakh crore as of June 30, 2025. The deposits book stood at approximately ₹68,500 crore as of June 30, 2026. The company said the figures are provisional.
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Last month, global brokerage JPMorgan had reiterated its bullish stance on Bajaj Finance Ltd following a recent management interaction. JPMorgan has maintained its ‘Overweight’ rating on Bajaj Finance with a price target of ₹1,080 per share, implying a potential upside of nearly 13% from Thursday’s closing price of ₹958.70.
Following its meeting with the management, the brokerage highlighted three key takeaways. First, Bajaj Finance indicated that business momentum remains robust despite concerns over elevated global crude oil prices and recent supply chain disruptions.
Second, asset quality trends continue to remain healthy across loan segments. According to the management, key indicators such as bounce rates and collection efficiency have remained stable, with no visible impact from the ongoing tensions in the Middle East.
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Third, the company remains confident of meeting its FY27 guidance of a 10-12 basis point decline in net interest margins (NIMs), despite a tight liquidity environment and higher funding costs. The management also reiterated its long-term strategy of pursuing scale while maintaining a disciplined approach to risk management.
JPMorgan said its positive view on Bajaj Finance is supported by a combination of healthy loan growth, operating cost efficiencies driven by artificial intelligence initiatives, and an expected moderation in credit costs.
Shares of Bajaj Finance Ltd ended at ₹1,018.75, up by ₹4.15, or 0.41%, on the BSE.
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