BAJFINANCE

Bajaj Finance share price & financials

Price
₹961.8
Market cap
₹7.2L Cr
Sector
Financial Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 04 Aug 2026

Bajaj Finance Limited Q1 FY27

ROE 20.4% GNPA 0.96%

What went well

  • AUM increased by a record INR 37,000 crores in Q1 FY27, demonstrating strong volume momentum.
  • Profit growth was robust at 28% year-on-year, leading to an ROE of 20.4% and ROA of 4.7%.
  • Added 5 million new customers, indicating strong customer acquisition.

What to watch

  • An additional management and macroeconomic provision of INR 296 crores was recognized due to geopolitical uncertainties and monsoon concerns.
  • Opex to NTI marginally increased to 33.4% compared to last year, primarily due to accelerated investments in gold loan and MFI branch expansion, and the impact of the new labor code.
Read the full call →

What Bajaj Finance Limited does

Bajaj Finance is a diversified non-bank financial company with a deposit-taking licence, part of the Bajaj group. It lends across consumer, rural, MSME and commercial segments and runs a payments business, earning primarily from interest on loans plus fees and commissions, and heavily cross-sells assets, insurance, payments and deposit products to its existing customer base. Its subsidiaries Bajaj Housing Finance (mortgages) and Bajaj Financial Securities (broking) extend the franchise into home finance and capital markets. It is the largest consumer electronics, digital and lifestyle products lender in India and among the largest personal loan lenders.

Segments

  • Consumer
  • Rural
  • MSME
  • Commercial
  • Mortgages
  • Deposits
  • Payments
  • Broking
Customer franchise
115.40 million
Cross-sell franchise
73.84 million
Geographic presence
4,052 locations
Active distribution points
241,000
EMI Card cards in force
87.02 million
Digital app net users
82.53 million
Founded 1987Headquarters Pune, Maharashtra, IndiaEmployees 69,824 (31 December 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 26 tracked 5 delivered 4 missed 17 open
  • AUM Growth (Medium-Term) delivered said Q2 FY25 Promised: 25%-27% AUM growth Q1 FY27: Promise for FY26 remains achieved.
  • MSME Business Growth for FY26 missed said Q2 FY26 Promised: 10-12% Q1 FY27: Promise for FY26 remains missed.
  • Wind down of Bajaj Auto 2-wheeler AUM on track said Q2 FY25 Promised: wind down fully over the next 2 years Q1 FY27: No new update provided. The next milestone is for September '26 (Q2 FY27), which is still in the future.

All 26 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 18.6%, net profit up 29.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue14,488 15,371 15,638 16,697 17,184 +19%17,870 +16%18,430 +18%19,802 +19%
Net profit5,614 3,706 3,940 4,133 4,251 −24%4,581 +24%4,840 +23%5,346 +29%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +6.9% 1Y

₹0.8k₹0.9k₹1.0k₹1.1kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 29 Apr 2026Q1 FY27 — 4 Aug 2026

1Y: ₹967.95 on 10 Sept 2025 → ₹1,034.5. High ₹1,158.8 (5 Aug 2026), low ₹801.55 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−0.3%
4 Aug
Q4 FY26
+0.7%
29 Apr
Q3 FY26
+6.7%
3 Feb
Q2 FY26
+1.7%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 19.2% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹41.4k Cr₹46.9k Cr₹59.2k Cr₹70.2k Cr
Interest₹12.6k Cr₹13.8k Cr₹18.4k Cr₹21.4k Cr
Depreciation₹485 Cr₹629 Cr₹823 Cr₹943 Cr
Net profit₹11.5k Cr₹12.6k Cr₹16.7k Cr₹17.8k Cr
Net margin27.8%26.9%28.1%25.4%
ROE22.0%20.0%17.0%17.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹120 Cr₹121 Cr₹121 Cr₹124 Cr₹622 Cr₹622 Cr
Reserves₹35.8k Cr₹41.9k Cr₹51.4k Cr₹71.9k Cr₹102.6k Cr₹102.5k Cr
Borrowings₹99.9k Cr₹123.0k Cr₹161.7k Cr₹220.4k Cr—₹322.8k Cr
Other liabilities₹2.5k Cr₹2.9k Cr₹3.3k Cr₹4.4k Cr₹9.3k Cr₹6.3k Cr
Total liabilities₹138.3k Cr₹168.0k Cr₹216.5k Cr₹296.8k Cr₹510.0k Cr₹432.2k Cr
Fixed assets₹1.2k Cr₹1.6k Cr₹2.1k Cr₹3.1k Cr₹3.8k Cr₹3.7k Cr
Capital work in progress₹51 Cr₹33 Cr₹80 Cr₹43 Cr₹33 Cr₹119 Cr
Investments₹20.2k Cr₹16.4k Cr₹28.7k Cr₹37.2k Cr₹33.8k Cr₹38.1k Cr
Other assets₹116.8k Cr₹150.0k Cr₹185.6k Cr₹256.6k Cr₹472.4k Cr₹390.3k Cr
Total assets₹138.3k Cr₹168.0k Cr₹216.5k Cr₹296.8k Cr₹510.0k Cr₹432.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +1.78 pp while FIIs trimmed −1.51 pp. The shareholder count grew 9% to 9,85,158.

Promoters
54.7%
FIIs
20.2%
DIIs
16.3%
Government
0.1%
Public
8.6%
Others
0.1%

Since Jun 2025

  • DIIs +1.78 pp
  • FIIs −1.51 pp
  • Public −0.28 pp

How it drifted, 12 quarters

Over this window DIIs went from 13.1% to 16.3% — +3.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 55.9%, FIIs 20.4%, DIIs 13.1%, Government 0.1%, Public 10.5%, Others 0.1%.Dec '23: Promoters 54.8%, FIIs 20.9%, DIIs 14.0%, Government 0.1%, Public 10.2%, Others 0.1%.Mar '24: Promoters 54.7%, FIIs 20.6%, DIIs 14.3%, Government 0.1%, Public 10.2%, Others 0.2%.Jun '24: Promoters 54.7%, FIIs 21.1%, DIIs 14.2%, Government 0.1%, Public 9.8%, Others 0.1%.Sep '24: Promoters 54.7%, FIIs 20.8%, DIIs 15.0%, Government 0.1%, Public 9.4%, Others 0.1%.Dec '24: Promoters 54.7%, FIIs 20.8%, DIIs 15.1%, Government 0.1%, Public 9.3%, Others 0.0%.Mar '25: Promoters 54.7%, FIIs 21.4%, DIIs 14.8%, Government 0.1%, Public 8.8%, Others 0.1%.Jun '25: Promoters 54.7%, FIIs 21.7%, DIIs 14.5%, Government 0.1%, Public 8.9%, Others 0.0%.Sep '25: Promoters 54.7%, FIIs 22.0%, DIIs 14.4%, Government 0.1%, Public 8.8%, Others 0.1%.Dec '25: Promoters 54.7%, FIIs 21.5%, DIIs 14.9%, Government 0.1%, Public 8.8%, Others 0.1%.Mar '26: Promoters 54.7%, FIIs 21.3%, DIIs 15.1%, Government 0.1%, Public 8.7%, Others 0.1%.Jun '26: Promoters 54.7%, FIIs 20.2%, DIIs 16.3%, Government 0.1%, Public 8.6%, Others 0.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bajaj Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bajaj Finserv Limited 51.30%unchanged
Maharashtra Scooters Limited 3.06%unchanged
Life Insurance Corporation Of India Insurer3.00%+0.25 pp
SBI Mutual Fund Mutual fund2.58%+0.17 pp
NPS Trust Pension / PF1.62%unchanged
Government Of Singapore Sovereign1.36%−0.76 pp
UTI Mutual Fund Mutual fund1.10%−0.07 pp
Nippon India Mutual Fund Mutual fund1.07%newly disclosed
Sanjivnayan Bajaj 0.08%unchanged
Bajaj Sevashram Private Ltd 0.05%unchanged
Bajaj Life Insurance Limited Insurer0.04%unchanged
Sanjali Bajaj 0.02%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BAJFINANCE

Filings to Aug 2026

0 new, 14 added, 11 trimmed, 1 sold out — net +17.84 L shares (+0.7%).

Held by funds
₹27.4k Cr
49 schemes
Biggest holder
SBI Nifty 50 ETF
₹5.5k Cr · 2.6% of that fund
SchemeHoldingLast month
SBI Nifty 50 ETF SBI Mutual Fund₹5.5k Cr+2.73 L
SBI Focused Fund SBI Mutual Fund₹4.3k Cr+6.38 L
SBI BSE Sensex ETF SBI Mutual Fund₹3.8k Cr+3.55 L
SBI Aggressive Hybrid Fund SBI Mutual Fund₹2.4k Crheld
Nippon India Large Cap Fund Nippon India Mutual Fund₹1.7k Crheld
Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund₹1.7k Cr+3.28 L
Nippon India Multi Cap Fund Nippon India Mutual Fund₹965 Cr−4.79 L
SBI ELSS Tax Saver Fund SBI Mutual Fund₹913 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

14 added, 11 trimmed — net +17.84 L shares (+0.7%)

Funds are sitting on
+15%
vs est. average cost
Held by funds
₹27.4k Cr
49 schemes · ≈ 3.4% of the company
Biggest holder
SBI Nifty 50 ETF
₹5.5k Cr · 2.6% of that fund
Longest holder
Nippon India ETF Nifty 100
10y 6m · since Mar '16

Shares held by these funds +26%

Aug '23 25.79 cr shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Bajaj Finance Limited

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