Bajaj Finance

Quick check

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• DebtHighest safetyRated AAA by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 23% and profit rose 29% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 55% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 26.1 times its yearly earnings (P/E), cheaper than 100% of the time in the last 5 years. Its usual P/E is about 42.

Bajaj Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)26.1 against a typical 22.5: pricier than most peers (1st = cheapest).149th of 284
• Sales growth+22.8% against a typical +18.3% from a year earlier.121st of 259
• Profit growth+28.7% against a typical +20.2% from a year earlier.92nd of 214
• Share price, 3 months−13% against a typical −4.2%.181st of 258
• Size₹ 5,77,146.2 Cr. market value against a typical ₹ 43 Cr. (1st = largest).1st of 269

Exchange filings and their impact on the company.

• 23 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactVery positivePrice −1.4% that day
  Excellent Q2 with 26.5% AUM and 29% profit growth underpins 20%+ earnings compounding.

  Bajaj Finance held its Q2 FY27 earnings call on 19 Oct 2026 after a strong quarter with AUM up 26.5% to Rs 5,84,624 crore and PAT up 29% to Rs 6,367 crore. ROA was 4.6%, ROE 20.6%, net NPA 42 bps, and the company added 4.42 million customers and 13.5 million new loans. Management guided to 26-27% AUM growth in FY27, 20-25% medium-term growth, stable margins and benign credit costs, while progressing on gold loans, AI transformation and the proposed Rs 17,500 crore capital raise.

  Full analysisFiling
• 21 Oct 2026Allotment of SecuritiesLow impactNeutralPrice −3.3% that day
  Allotted Rs 2,120 cr of NCDs for routine funding with negligible near-term earnings impact.

  Bajaj Finance allotted 212,000 secured redeemable NCDs of Rs 1 lakh each totalling Rs 2,120 crore on private placement basis on 21 October 2026. This is routine wholesale borrowing to fund its lending business. At under 1% of its existing borrowings, it supports loan growth with only a small incremental contribution to interest income and profit over the next year.

  Full analysisFiling
• 19 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3.3% on 21 Oct
  Q2 PAT up 29% to Rs 6,367 cr on 26% AUM growth with better asset quality.

  Bajaj Finance reported Q2 FY27 consolidated profit after tax of Rs 6,367 crore, up 29% year-on-year, and profit before tax of Rs 8,537 crore, up 29%. Assets under management grew 26% to Rs 584,624 crore, with 13.45 million new loans and customer franchise of 128.85 million. Asset quality improved with gross NPA at 1.06% versus 1.24% last year and net NPA at 0.42% versus 0.60%, while annualised ROE rose to 20.6%.

  Full analysisFiling
• 9 Oct 2026Allotment of SecuritiesLow impactNeutralPrice +0.4% that day
  Bajaj Finance raised Rs 511 cr via NCDs, a routine funding top-up with negligible earnings impact.

  Bajaj Finance allotted 51,000 secured redeemable non-convertible debentures of Rs 1 lakh each, aggregating Rs 510.86 crore on a private placement basis on 9 October 2026. The amount includes discount and accrued interest. For a lender with over Rs 4.35 lakh crore of borrowings, this is a small routine funding operation to support business growth.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sidhaant Dadwa

Deputy Chief Executive Officer

Manish Jain

Deputy Chief Executive Officer

Harjeet Toor

Deputy Chief Executive Officer

Rajeev Jain

Executive Vice Chairman of the Board, Managing Director

Sandeep Jain

Chief Financial Officer, Chief Operating Officer

Nitish Asthana

President - Payments

Anand Kumar

President - Microfinance

Vivek R. Likhite

President - Corporate Audit Services