Bajaj Finance Reports 22% YoY Increase in Net Profit to ₹5,465 Crore in Q4; Net Interest Income Grows 20%

Bajaj Finance Reports 22% Jump in Consolidated Net Profit for Q4 FY26

Bajaj Finance, a leading Indian non-banking financial company (NBFC), announced its March quarter and FY26 results after market hours on 29 April, reporting a 22% jump in consolidated net profit to ₹5,465 crore. This significant increase in net profit was aided by lower provisions and steady lending growth. In the same period last year, the NBFC had posted a net profit of ₹4,479.57 crore.

On a sequential basis, net profit also improved 37.38% from ₹3,977.85 crore reported in the December quarter. Net interest income (NII), which reflects the difference between interest earned on loans and interest paid on borrowings, rose to ₹11,781 crore in Q4. In the year-ago quarter, the company had reported NII of ₹9,807 crore, reflecting a 20% increase.

The company reported double-digit loan growth, with the number of new loans rising to 12.89 million in Q4 FY26, compared with 10.70 million in the year-ago quarter, reflecting a 21% year-on-year increase. This boost in new loans helped increase its assets under management (AUM) to ₹5.09 lakh crore, a growth of 22%. The number of new loans booked crossed a milestone of 50 million in FY26 and was 52.45 million.

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Bajaj Finance has been grappling with elevated bad loans, particularly in its micro, small and medium enterprises (MSME) segment. However, its provisions declined during the quarter as it adopted a more cautious lending approach toward riskier segments. Thus, its loan losses and provisions fell to ₹2,008 crore in Q4, compared with ₹2,167 crore a year earlier.

For the full FY26, the company reported a net profit of ₹19,017 crore, marking a 14.3% growth over FY25’s net profit of ₹16,637 crore, while net interest income (NII) grew 21% year-on-year to ₹44,110 crore.

Along with its financial performance, the company announced a final dividend of ₹6 per share for FY26, higher than the ₹5.60 dividend payout declared in FY25. It has also fixed 30 June 2026 as the record date to identify eligible shareholders for the dividend payment.

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