Mumbai: Non-bank finance company Bajaj Finance reported a yearly consolidated net profit increase of 23% to ₹4,948 crore in the July-September quarter amid an increase in consumption ahead of the festive season. The NBFC’s net interest income grew 22% on year to ₹10,785 crore, while the number of new loans booked in Q2FY26 stood at 1.22 crore as against 97 lakh in Q2FY25, showing an annual growth of 26%. Their assets under management (AUM) grew 24% annually to ₹4.6 lakh crore.
AUM increased 24% led by growth in urban consumer loans and also growth in the MSME loan book. AUM for the mortgages business also increased 24% to ₹1.3 lakh crore at the end of September 2025.
Asset quality deteriorated mildly, with gross non performing assets at 1.2% in Q2FY26 versus 1.1% in Q2FY25. The company increased provisions 19% to ₹2,269 crore in Q2 as against ₹1,909 crore same time last year. Shares of the company rose 1.8% during the day to close at ₹1,085.40 a piece.