Bajaj Finance Ltd. reported a 27.4% year-on-year increase in consolidated net profit to ₹5,986 crore for the April-June quarter (Q1 FY27), surpassing estimates. The non-banking financial company’s net interest income (NII) rose 23% to ₹12,571 crore during the quarter, supported by a 23% growth in assets under management (AUM) to ₹4,00,389 crore, despite some decline in asset quality, according to livemint.com.
The company’s strong Q1 performance was driven by higher lending income and increased profitability. Net profit jumped from ₹4,699 crore in the same period last year, while NII grew from ₹10,288 crore. The rise in AUM reflects Bajaj Finance’s continued expansion in its lending portfolio, even as asset quality pressures weighed on the overall results. The data was published in the company’s quarterly earnings report shared by livemint.com.
This growth in net profit and lending income underscores Bajaj Finance’s resilience amid a challenging credit environment. The 23% increase in AUM highlights the company’s ability to scale its loan book, which is significant given the tightening financial conditions in the NBFC sector. Comparable NBFCs have faced pressure on asset quality, making Bajaj Finance’s performance notable in the broader Indian financial services market, as noted by livemint.com.
Bajaj Finance’s next quarterly results, expected in October, will provide further insight into how the company manages asset quality and sustains growth in lending income. The firm’s ₹4 lakh crore AUM as of Q1 FY27 marks a key milestone in its expansion trajectory, according to livemint.com.