Bajaj Finance Q2 net profit up 29% YoY to ₹6367 crore

Bajaj Finance today reported 29% jump year on year in consolidated net profit in Q2FY27 to ₹6,367 crore compared with ₹4,948 crore in the corresponding quarter of the previous financial year. The NBFC reported a 23% hike in total income to ₹15,974 crore during the quarter, compared with Rs 12,982 crore in Q2FY26.

Net interest income grew by 24% in Q2FY27 to ₹13,335 crore compared with ₹10,785 crore in the same quarter of the previous financial year. Net interest income is the difference between interest earned on credit and interest paid on borrowings.

The NBFC reported 26% growth in asset under management to ₹5.84 lakh crore during the quarter compared with ₹4.62 lakh crore in the second quarter of the previous financial year.

"Loan losses and provisions for Q2FY27 was ₹2,166 crore as against ₹2,080 crore in Q2FY26. Q2FY27 includes a prudent management and macro-economic provisions of ₹337 crore. Excluding this, loan losses and provisions was ₹1,829 crore, a decline of 12% as against Q2FY26," the company said in a stock exchange filing.

Gross NPA and Net NPA as of 30 September 2026 stood at 1.06% and 0.42% respectively, as against 1.24% and 0.60% as of 30 September 2025, according to the filing shared by the company on the exchanges.

The company witnessed a steady rise in the new loans booked and customer franchise. In the second quarter of the current financial year, the company booked 13.45 million new loans compared with 12.17 million in the same period of the previous financial year, logging 11% growth.

Customer franchise witnessed a 16% growth to 128.85 million over 110.64 million in Q2FY26.