Bajaj Finance Q2 results: Net profit surges 21.9% YoY to ₹4,875 crore; NII rises 22%

In the corresponding period of the previous fiscal year, the NBFC had logged a profit of ₹3,999.73 crore, it said in a regulatory filing.

The Pune-based company's net interest income (NII) came in at ₹10,785 crore during the quarter under review, reflecting a 22% annual growth from ₹8,838 crore in the September quarter of the 2024-25 fiscal year (Q2FY25).

The NBFC’s asset quality declined as its gross non-performing assets (GNPA) increased to 1.24% from 1.06% annually and 1.03% sequentially.

Its net non-performing assets (NNPA) expanded to 0.60%, from 0.46% on a YoY basis, and 0.50% quarter-on-quarter (QoQ).

It witnessed a 24% YoY increase in its assets under management (AUM) to ₹4.62 lakh crore in the second quarter of the current fiscal year, as against ₹3.74 lakh crore in the year-ago period.

The company’s loan losses and provisions advanced 19% annually to ₹2,269 crore for the reporting quarter, in contrast to ₹1,909 crore in Q2FY25.

The number of new loans booked during the September FY26 quarter stood at 12.17 million, marking a 26% annual jump from 9.69 million in the second quarter of FY25.

Customer franchise was at 110.64 million as of September 30, 2025, reflecting a 20% YoY increase from 92.09 million in the same period last year.

“S&P Global ratings, on 14 August 2025, have upgraded the Company's long-term issuer rating from BBB-/Positive to BBB/Stable and short-term issuer rating from A-3 to A-2, following the upgrade in India's sovereign rating. Additionally, Moody's Rating, on 4 August 2025, assigned a 'Baa3 Corporate Family Rating' with a 'Stable' outlook and simultaneously withdrawn the earlier Baa3/P-3 long-term and short-term foreign and local currency issuer ratings,” Bajaj Finance said.

Shares of the Pune-headquartered NBFC closed 1.88% higher at ₹1,086.60 apiece on the National Stock Exchange (NSE) on Monday. It was also among the top five gainers on the NIFTY50. However, its results were declared after the market closed.

Bajaj Finance has a total market capitalisation of ₹6.76 lakh crore, as of November 10, 2025, according to data on the NSE.