Bajaj Finance Limited has informed the Exchange about Transcript

Bajaj Finance uploaded the transcript of its Q1 FY26 earnings call held on 24 July 2025. For the quarter, AUM grew 25% YoY to ~INR 4.41 lakh crore, PAT rose 22%, PBT 21%, and ROE stood at 19%, with net NPA at 50 bps. Management guided for ~10 bps NIM expansion by year-end (vs flat earlier), supported by a 20 bps sequential drop in cost of funds to 7.79%, full-year cost of funds guidance of 7.60–7.65%, and a deliberate reduction in retail deposit contribution from 19% to ~15–16%. Credit cost remained elevated at 2.02% with full-year guidance retained at 185–195 bps; MSME and the winding-down 2/3-wheeler captive book were flagged as stress areas, with 13 of 17 tracked MSME industries slowing. MD Rajeev Jain confirmed his return in an operating role until March 2028 and indicated FY26 AUM growth would likely come in at 23–24%, with MSME disbursements expected to be flat-to-lower for the rest of the year.