Bajaj Finance Share Price Rises 4% Following Strong Fourth-Quarter Earnings

Bajaj Finance Share Price Jumps 4.11% Following Strong Q4 Results

Bajaj Finance, one of India's leading Non-Banking Financial Companies (NBFCs), saw its share price surge by 4.11% to ₹969.95 on the National Stock Exchange (NSE) on Thursday. This significant jump came after the company announced its financial results for the quarter ending March 31, 2026.

The company's consolidated net profit for the fourth quarter of FY26 saw a substantial year-on-year (YoY) increase of 22% to ₹5,553 crore, up from ₹4,546 crore in the same period last year. Bajaj Finance also surpassed the ₹5 lakh crore mark in assets under management (AUM), reaching ₹5.09 lakh crore as of March 2026, a 22% growth from ₹4.16 lakh crore a year earlier.

The company's operational performance remained robust, driven by strong customer additions and loan disbursals. Bajaj Finance booked 12.89 million new loans in the quarter, a 20% increase from 10.7 million a year ago. Its customer base expanded 17% year-on-year to 119.33 million, with 3.93 million customers added in Q4.

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Asset quality stayed largely stable, with gross NPAs at 1.01% and net NPAs at 0.41% as of March-end, compared to 0.96% and 0.44%, respectively, a year earlier. Provision coverage for stage 3 assets stood at 60%. Loan losses and provisions declined to ₹2,008 crore from ₹2,167 crore in the year-ago period, while the annualised credit cost improved to 1.65% from 2.17%, indicating stronger portfolio quality and better collections.

The Board of Directors has recommended a final dividend of ₹6 per equity share of face value of ₹1 each for FY26, including a special payout of ₹0.60 per equity share out of the exceptional gain on sale of BHFL shares. This is an increase from the previous year's overall dividend of ₹5.60 per equity share of face value of ₹1 each, adjusted for split and bonus.

Brokerage firm JM Financial has retained its 'buy' rating on Bajaj Finance share price, with a revised target price of ₹1,080 per share. The firm noted that the company's strong franchise scale, sustained 20%+ AUM growth, sector-leading RoA/RoE, structurally lower credit cost guidance, and increasing secured mix provide high earnings visibility.

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On the technical outlook, Anshul Jain, Head of Research at Lakshmishree, observed that Bajaj Finance has delivered a sharp 19% rally in just 11 sessions, forming a strong pole followed by an 8-day flag consolidation, indicating a classic continuation setup. The stock has broken out with a bullish gap, signalling renewed momentum and strong participation.