ALFA Finder| Margins | NIMs steady; opex to NTI expected to improve 25-40 bps. |
|---|---|
| Demand visibility | Strong organic volume growth and SKU price increases from OEMs. |
| Management confidence | Extremely high; calling it an 'excellent quarter' across all metrics. |
Growth
AUM grew significantly; Gold loan business grew 112%. Rural and Urban consumer finance up 49% and 38% respectively.
Outlook
Management targeting INR 100,000 Cr digital volume next year. Plans to add 170-250 branches annually; AUM guidance corridor 22-24%.
Risks
Geopolitical tensions, monsoon uncertainty, and competitive intensity in personal loans and MSME segments are key headwinds.
Last quarter's promises, checked
Delivered
- AUM growth 20-24% → delivered 22.4% (= BEAT)
- New customer addition 15-17M/yr → delivered 17.5M (= BEAT)
- ROA guidance 4.4-4.6% → delivered 4.6% (= BEAT)
Partly delivered
- MSME growth recovery by June '26 → growth remained muted at 6% (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: BAJFINANCE. Summary written with AI assistance from the document.
Bajaj Finance Ltd: key numbers
- Share price
- ₹1,115.00
- Market cap
- ₹6,94,194 Cr
- Revenue (annual)
- ₹81,982 Cr
- Net profit (annual)
- ₹19,017 Cr
- P/E (TTM)
- 32.0×Sector 20.8×
- Promoter holding
- 54.67%+0.00% QoQ
- FII holding
- 19.78%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Bajaj Finance Ltd
All →Bajaj Finance Capital Structure Change
Bajaj Finance's Special Committee opened its Rs 11,700 Crore QIP and approved the placement document on 11 November 2026. Equity shares will be issued subsequently under the shareholder-approved plan.
- Value
- ₹11,700 Cr
Bajaj Finance Capital Structure Change
Bajaj Finance's QIP committee opened its equity QIP on November 11, 2026. It fixed the floor price and approved the preliminary placement document.
Bajaj Finance Preferential Issue
Bajaj Finance allotted preferential securities, with warrants and ESOPs converting to equity. Promoter Bajaj Finserv would hold 51.23% fully diluted at Rs 1,010 per share.
Bajaj Finance Convertible Warrants
Bajaj Finance's allotment committee approved 5,74,25,740 warrants to promoter Bajaj Finserv at ₹1,010 each under a preferential issue. The allotment is worth about ₹5,800 Crore, with 25% payable now.
- Value
- ₹5,800 Cr
Bajaj Finance Fund Raise of ₹5,800 Cr
Bajaj Finance's special committee approved issuing 5.74 crore warrants to promoter Bajaj Finserv at ₹1,010 each. The issue raises about ₹5,800 crore.
- Value
- ₹5,800 Cr
Bajaj Finance Debt & Borrowing: ₹28.56 Cr
Bajaj Finance Ltd paid Rs.28.56 Crore of interest on its secured NCDs (Series 291 Tranche 3 and Tranche 7, ISIN INE296A07UD5) on 09 Nov 2026, on the due date. The amount paid is net of TDS against Rs.31.52 Crore due.
- Value
- ₹28.56 Cr