Strong Quarter Performance Despite One-Time Impact
Bajaj Finance has demonstrated robust financial performance for the second quarter of fiscal year 2026, reporting a significant 24% increase in core profit driven by substantial loan growth and customer base expansion. The non-banking financial company showcased impressive operational metrics despite facing a technical decline in reported net profit due to exceptional items from the previous year.
Financial Highlights and Key Metrics
The company's standalone profit after tax reached Rs 4,250.8 crore for the September quarter. While this figure appears 24% lower than the Rs 5,613.7 crore reported during the same period last year, this decline is entirely attributable to a one-time gain from the sale of shares in Bajaj Housing Finance during its IPO in the previous fiscal year.
Excluding this exceptional item and related taxes, the company's profit actually increased from Rs 3,433 crore to Rs 4,251 crore, representing healthy organic growth. Profit before exceptional items and tax climbed 22.7% to reach Rs 5,703.3 crore, indicating strong underlying business performance.
Revenue from operations witnessed an 18.6% growth, settling at Rs 17,184.4 crore, primarily supported by an 18.8% increase in interest income which stood at Rs 14,968.8 crore. The company also demonstrated improved operational efficiency as expenses grew at a slower pace of 16.6% compared to revenue growth.
Consolidated Performance and Business Expansion
On a consolidated basis, Bajaj Finance's net profit showed a 22% year-on-year increase, reaching Rs 4,875 crore for the quarter ended September 2025. This compares favorably with the Rs 4,000 crore net profit recorded during the corresponding period in the previous fiscal year.
The lender's business expansion has been particularly noteworthy. The company booked an impressive 1.2 crore new loans during the quarter, significantly higher than the 97 lakh loans booked during the same quarter last year. The customer base expanded by 20% year-on-year, reaching 11 crore customers, with the company adding 41 lakh new customers during the quarter alone.
Assets under management witnessed substantial growth, climbing 24% to Rs 4,62,261 crore as of September 30, 2025, compared to Rs 3,73,924 crore a year earlier. The quarterly accretion stood at Rs 20,811 crore, reflecting sustained momentum in the company's lending operations.
Market sentiment remained positive ahead of the results announcement, with shares of the financier gaining nearly two percent in trading sessions preceding the earnings release. The strong performance across key operational metrics indicates Bajaj Finance's continued dominance in the consumer finance segment and its ability to capitalize on India's growing credit demand.
