Bajaj Finance Earnings Summary — Q4 FY2026

• Delivered a robust 22.1% YoY growth in Net Profit, reaching ₹5,553 crore in Q4 FY26.
• Significant recovery in Net Profit on a QoQ basis, rebounding from a lower profit of ₹4,066 crore in Dec 2025.
• Asset quality improved meaningfully with Gross NPA falling to 1.01% from 1.21% in the preceding quarter.
• Financing Margin recovered to 35%, up from 28% in the sequential quarter, reflecting better cost management.
• Revenue grew 18.1% YoY to ₹21,606 crore, maintaining healthy momentum despite base effects.
• Consolidated borrowings scaled to ₹435,112 crore at the end of Mar 2026 to support lending expansion.
• Return on Equity remains stable at approximately 18% for the full year 2026.
• The omnichannel digital platform continues to drive customer acquisition and cross-sell efficiency.

Management emphasizes a long-term goal of maintaining a consistent ROE near 20% while scaling the omnichannel digital ecosystem and diversifying the product suite across 26 lending lines.

Improving

A sharp rebound in profitability and asset quality metrics compared to the preceding quarter (Dec 2025) suggests successful navigation of temporary headwinds.

The company is positioned as a high-quality compounder with a 34% 5-year profit CAGR. Outlook remains strong supported by AAA credit ratings and a massive customer franchise, though management faces high valuation hurdles and fintech competition.