Bajaj Finance Q1: Tight leash on bad debts, other costs accelerate profit growth

Bajaj Finance reported a strong Q1FY27 with standalone net interest income rising 24% YoY to about 11,495 crore and profit before tax up 29% to 7,163 crore, aided by 18 bps NIM expansion to 12.04% and credit costs that rose just 2% despite 22% AUF growth. Return on equity climbed 180 bps to 20.2%, and management retained its FY27 AUM growth guidance of 22-24% while flagging a likely 10-15 bps NIM moderation. The stock surged over 6% to a record high of 1,124.60 in early trade.