Non-banking financial powerhouse Bajaj Finance reported a twenty-nine percent expansion in consolidated net profit, reaching 6,367 crore rupees for the second quarter. Core net interest income advanced twenty-four percent to 13,335 crore rupees compared to 10,785 crore rupees logged in the prior-year period. Consolidated total net income grew twenty-three percent to 15,974 crore rupees as strong credit expansion supported operational earnings. Credit loss provisions increased four percent to 2,166 crore rupees, including 337 crore rupees allocated for prudent macroeconomic management buffers. Excluding discretionary macroeconomic provisions, underlying loan loss charges contracted twelve percent to 1,829 crore rupees during the quarter.
During the second quarter of the current financial year, Bajaj Finance booked 13.45 million new loans, reflecting an 11% growth.
Consolidated assets under management expanded twenty-six percent to reach 5.85 lakh crore rupees at the conclusion of September 2026. The lending institution added 37,680 crore rupees to its aggregate asset portfolio during the three-month operating period. Total assets under finance increased twenty-seven percent to 5.74 lakh crore rupees, demonstrating widespread retail borrowing demand across urban centers. Vice-chairman Rajeev Jain expressed positive surprise regarding the rapid pace of expansion during discussions with equity market analysts. Corporate management projects disbursing between sixty and sixty-two million new customer loans while enlisting eighteen to twenty million new clients in fiscal 2027.
The specialized gold-loan financing portfolio more than doubled over the past twelve months, climbing to 24,195 crore rupees from 11,789 crore rupees. The consumer lending institution operated 2,022 dedicated gold-loan branches at the close of the September reporting period. Strategic network expansion plans target scaling the gold-loan footprint to between 2,700 and 2,800 operational branches before the end of fiscal 2027. The fresh institutional equity capital will provide adequate funding reserves to sustain projected annual balance sheet growth of twenty-six to twenty-seven percent.
Portfolio asset quality demonstrated marked improvement as gross non-performing asset ratios declined to 1.06 percent from 1.24 percent twelve months prior. Net non-performing assets contracted to 0.42 percent from 0.60 percent, supported by a healthy sixty percent provision coverage ratio on Stage 3 assets. The lender maintained an extensive provision coverage ratio of sixty percent against stressed credit exposures to protect against macro volatility. Total consolidated borrowings stood at approximately five lakh crore rupees, with money markets providing fifty-two percent of liability funding. The consolidated retail deposit book climbed to 69,754 crore rupees, while sequential borrowing costs improved nine basis points to 7.31 percent. Corporate treasury maintained a conservative liquidity cushion of 19,995 crore rupees to manage seasonal credit demand across consumer segments.
As of September 2025, gross non-performing assets stood at 1.24%.
