Bajaj Finance shares surge 7%, hit record high after strong June quarter earnings

Shares of Bajaj Finance, the co8untry's largest non-banking finance corporation (NBFC), surged as much as 7% to hit a record high of ₹1,12 on the National Stock Exchange (NSE). On the BSE, Bajaj Finance shares rose as much as 6.48% amid spike in trading activity.

Bajaj Finance shares came under buying interest after its June quarter earnings surpassed analyst estimates. Bajaj Finance reported a net profit (attributable to the owners of the company) of ₹5,986 crore in the first quarter of current financial year, marking an increase of 27% from ₹4,700 crore in the same period last year.

Its net interest income rose 23% to ₹12,571 crore in April-June period from ₹10,228 crore a year earlier.

Number of new loans booked during the quarter rose 20% to 16.13 million compared with 13.49 million in the same period last year.

Bajaj Finance's assets under management rose 24% to ₹5,46,944 crore as against ₹4,41,450 crore.

Gross non-performing assets (NPA) and net NPA as of 30 June 2026 stood at 0.96% and 0.39% respectively. As against 1.03% and 0.50% as of 30 June 2025. The provisioning coverage ratio on stage 3 assets was 60%, Bajaj Finance said in a press release.

Bajaj Finance added that loan losses and provisions for Q1FY27 was ₹1,993 crore as against ₹1,969 crore in Q1FY26. Q1FY27 includes a prudent management and macro-economic provisions of ₹296 crore. Excluding this, loan losses and provisions was ₹1,697 crore, a decline of 14% compared to the corresponding period last year.

The company's customer franchise stood at 124.43 million at the end of first quarter, compared to 106.51 million in the year-ago period, marking a growth of 17%.

The company in investor presentation said that in FY27, it is doubling down in expanding its FINAI (finance and AI) transformation with 400 dedicated people in AI unit and adding another 300 people in digital platforms unit to rapidly accelerate this transformation. This will help augment customer-centricity, tech transformation and strengthen our lowest-risk strategic framework.

As of 10:04 am, Bajaj Finance shares traded 6.66% higher at ₹1,124, outperforming the NIFTY50 index which was trading on a flat note.