From Financialexpress · FE Business · · 1m 10s
Bajaj Finance Q2 Results: Profit Up 29% to Rs 6,367 Crore
Bajaj Finance reports 29% profit rise to Rs 6,367 crore as assets under management grow 26%.
In brief
Bajaj Finance reports 29% profit rise to Rs 6,367 crore as assets under management grow 26%. Bajaj Finance's Q2 FY27 profit rose 29% to Rs 6,367 crore with assets under management up 26%. Originally reported by Financialexpress.
Q2 Profit Results
Bajaj Finance reported a 29% rise in consolidated profit after tax to Rs 6,367 crore for Q2 FY27.
Assets Under Management
Assets under management rose 26% to Rs 5,84,624 crore as of September 30.
Loan Growth
The company booked 13.45 million new loans during Q2 FY27, up 11% from a year earlier.
Net Interest Income
Net interest income increased 24% to Rs 13,335 crore, while net total income rose 23% to Rs 15,974 crore.
Customer Base Expansion
It added 4.42 million customers, taking its total customer base to 128.85 million.
Bad-Loan Ratios Improve
Gross non-performing assets declined to 1.06% from 1.24% a year earlier, while net NPA ratio improved to 0.42%.
Capital Raise Pending
The company’s board approved a capital raise of up to Rs 17,500 crore, pending shareholder approvals.
What it means
Bajaj Finance's Q2 FY27 profit rose 29% to Rs 6,367 crore with assets under management up 26%.
