Bajaj Finance Q2 FY27: Net Profit +29% to ₹6,367 Crore, AUM Hits ₹5.85 Lakh Crore on 26% Growth

The Quick Take

• Bajaj Finance reported Q2 FY27 consolidated net profit of ₹6,367 crore, up 29% year-on-year, with net interest income rising 24% as assets under management grew 26% to ₹5.85 lakh crore.
• The company guided for FY27 AUM growth of 26-27%, planning to book 60-62 million new loans and add 18-20 million new customers — an accelerating pace of India's household credit penetration.
• Total net income reached ₹15,974 crore in Q2, up 23% from ₹12,982 crore a year ago, confirming Bajaj Finance's position as the most profitable non-bank lender in India.

Bajaj Finance's Q2 FY27 results are the definitive Indian consumer credit cycle indicator: 29% net profit growth to ₹6,367 crore, 24% NII expansion, and 26% AUM growth to ₹5.85 lakh crore (approximately $70 billion) confirmed that India's household credit demand is running at full momentum in the second fiscal quarter. Total net income of ₹15,974 crore — up 23% from ₹12,982 crore in Q2 FY26 — provides the revenue baseline for investors modeling forward earnings. Management's guidance for 26-27% AUM growth in FY27, supported by plans to book 60-62 million new loans and add 18-20 million new customers, signals that Bajaj Finance's risk appetite and distribution network expansion are running at the upper end of consensus estimates. This is the highest conviction consumer credit signal in the Indian market, covered by ET Markets (T1), CNBC TV18 (T2), and NDTV Profit (T2).

The broader market implications of Bajaj Finance's Q2 results span India's entire financial and consumer ecosystem: 60-62 million new loan bookings in a single fiscal year represents a significant contribution to India's aggregate consumer credit growth, with multiplier effects across the retail sectors where Bajaj Finance is most active — consumer electronics, two-wheelers, home appliances, digital payments, and personal loans. Indian consumer discretionary companies including Titan Company, Maruti Suzuki, and Havells India directly benefit from Bajaj Finance's credit facilitation: consumers borrowing through Bajaj's zero-cost EMI programs at point-of-sale generate incremental sales that these companies would not capture from cash buyers alone. For Indian banks, Bajaj Finance's credit growth at 26% year-on-year creates a benchmark that validates investor expectations for the broader credit cycle.

The risk to monitor in Bajaj Finance's results is credit quality: the company experienced elevated NPA formations in FY26, and investors will scrutinize the Q2 FY27 gross NPA ratio and credit cost guidance for signs of either sustained normalization or new stress emergence. RBI's regulatory posture on NBFC lending practices — including co-lending norms and personal loan underwriting standards — represents the primary regulatory risk that could alter Bajaj Finance's operating model and NIM trajectory in 2027. Watch RBI's November 2026 Monetary Policy Committee rate decision: an RBI rate cut would lower Bajaj Finance's borrowing costs (since it funds via commercial paper and bonds), directly expanding net interest margins and supporting 29%+ profit growth in subsequent quarters.

Synthesized from 3 sources.