Highlights
- Bajaj Finance Q2 profit expected to surge 30%.
- Net interest income may grow nearly 24% YoY.
- AUM rises 26.5%; margins and asset quality in focus.
Bajaj Finance Q2 Results FY27 Preview: Bajaj Finance is set to announce its financial results for the second quarter of FY27 (July-September 2026), with estimates indicating strong growth in net profit and net interest income, supported by continued expansion in its lending business.
The company’s profit after tax is expected to rise 29.72 per cent year-on-year (YoY) to Rs 6,418 crore from Rs 4,948 crore in the corresponding quarter last year. Sequentially, profit is projected to increase 5.55 per cent from Rs 6,081 crore in Q1FY27.
Bajaj Finance’s net interest income is estimated to grow 23.66 per cent YoY to Rs 13,337 crore in Q2FY27, compared with Rs 10,785 crore in Q2FY26. On a quarter-on-quarter basis, NII is expected to increase 6.09 per cent.
Interest income is projected to rise 17.77 per cent YoY to Rs 20,958 crore, while finance costs are estimated to increase 20.25 per cent to Rs 8,431 crore. The higher funding costs will put the company’s net interest margin trajectory in focus.
Bajaj Finance Q2FY27: Asset quality and profitability outlook
On the asset quality front, the gross non-performing assets ratio is estimated at 1.09 per cent, indicating an increase of 13 basis points (bps) from the preceding quarter. However, it is expected to improve by 15 bps compared with the year-ago period.
Similarly, the net non-performing assets ratio is projected at 0.44 per cent, up 5 bps sequentially but down 16 bps annually.
Impairment costs are estimated at Rs 2,155 crore, reflecting an 8.11 per cent sequential increase and a 5.01 per cent YoY decline.
Meanwhile, return on assets is expected to moderate to 4.40 per cent from 4.70 per cent in Q1FY27 and 4.50 per cent in Q2FY26.
Bajaj Finance Q2FY27 business update: AUM grows 26.5%
According to the Q2FY27 business update, Bajaj Finance’s assets under management (AUM) stood at Rs 5,84,750 crore, registering a 26.50 per cent YoY increase from Rs 4,62,261 crore. Sequentially, AUM grew 6.91 per cent.
Deposits remained broadly flat annually at Rs 69,750 crore, compared with Rs 69,766 crore in the corresponding quarter last year. On a sequential basis, deposits increased approximately 2 per cent.
The company’s customer base expanded 16 per cent YoY to 12.89 crore from 11.06 crore, while sequential growth stood at approximately 4 per cent.
Bajaj Finance Q2 results: Key factors to watch
Investors will closely monitor whether Bajaj Finance can sustain its strong loan book expansion while maintaining profitability amid rising funding costs.
The movement in net interest margins, credit costs and early signs of asset quality stress will be important indicators of the company’s performance in the coming quarters.
Another key development will be the execution of the proposed Rs 17,500 crore fundraise, including qualified institutional placement (QIP) pricing, potential equity dilution and necessary approvals. The proposed capital infusion is expected to strengthen the company’s future lending capacity.
Overall, the estimates point to a healthy quarter for Bajaj Finance, although the management’s commentary on margins, asset quality and future growth will be closely watched.
Bajaj Finance Share Price
At around 10:30 am, the stock was trading at Rs 977.50, down 0.47 per cent from its previous close, on the NSE.