Bajaj Finance Limited has informed the Exchange about Investor Presentation
BAJFINANCE · price
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Bajaj Finance reported a strong Q1 FY26 with consolidated AUM up 25% YoY to ₹4,41,450 crore and profit after tax rising 22% to ₹4,765 crore. The company booked 13.49 million new loans (up 23%) and added 4.69 million customers, taking total franchise to 106.51 million. Operating efficiency improved with opex-to-net-total-income falling to 32.7% from 33.3%, though credit costs remained elevated at 2.02% (vs 1.99% YoY), particularly in 2&3-wheeler and MSME segments where AUM growth will be muted in FY26. GNPA rose to 1.03% and NNPA to 0.50%. Cost of funds improved 20 bps to 7.79%, with FY26 guidance of 7.60%-7.65%. A key leadership change was announced: MD Anup Saha resigned, and Rajeev Jain was re-designated as Vice Chairman & MD until March 2028. The company reaffirmed long-term targets of 25-27% AUM growth, 23-24% profit growth, and ROE of 19-21%.
Strong AUM and profit growth, along with improved operating efficiency, are positives, but rising NPAs and elevated credit costs in key segments may concern investors. The leadership transition is being managed smoothly with continuity provided by Rajeev Jain. The stock split and bonus issue completed in June may improve retail participation and liquidity.