In addition to the AUM growth, the company’s deposit book expanded by 5.4% to about Rs 69,750 crore, up from Rs 66,131 crore a year earlier. The lender also witnessed continued strength in customer acquisition, with its customer franchise increasing to 110.64 million. During the quarter, 4.13 million new customers were added, underscoring strong traction in its retail lending operations.
New loan bookings during the quarter surged by 26% to 12.17 million, compared to 9.69 million in Q2FY25, reflecting robust demand across lending segments. Bajaj Finance also added nearly Rs 20,800 crore to its AUM during the quarter. The company has noted that these figures are provisional and subject to statutory audit review.
Post the Q2 update, global brokerage firm Citi has maintained a target price of Rs 9,500 on Bajaj Finance.
It highlighted that consolidated AUM growth in Q2 stood at 23.6%, in line with its estimates. Citi also observed that growth had moderated from 24.6% in Q1FY26 and 28.8% in Q2FY25.
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The brokerage added that new loan bookings at 12.2 million showed sequential moderation, attributed to seasonality, while net interest margins (NIMs) are projected to remain stable for the quarter.
On Friday, Bajaj Finance shares closed flat at Rs 989.65 on the BSE.
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