Synopsis : Bajaj Finance posted a 22% YoY rise in net profit to Rs 4,765 crore for Q1, fueled by strong AUM growth and higher disbursals, even as NPAs edged higher. The company is deepening its FinAI transformation with 29 AI deployments, aiming for 100 by year-end to drive customer engagement and operational efficiency.
Bajaj Finance has delivered another strong quarter, with Q1 net profit rising 22% year-on-year to Rs 4,765 crore, driven by a 25% growth in assets under management to Rs 4.41 lakh crore and a 23% rise in new loan disbursals. Net interest income climbed 22% to Rs 10,227 crore, while net total income rose 21% to Rs 12,610 crore.
However, asset quality showed some stress, with gross NPAs rising to 2.03% and net NPAs to 0.50%, higher than last year’s 0.86% and 0.38% respectively. Despite this, the company added 4.69 million customers during the quarter, taking its customer base to 106.51 million, a 21% increase YoY, and issued 13.49 million new loans, aiming to cross 50 million disbursals in FY26.
Chairman Sanjiv Bajaj highlighted the company’s focus on evolving into a FinAI enterprise by integrating AI across revenue, costs, design, risk, credit, productivity, and compliance to enhance growth and customer experience. Vice chairman and MD Rajeev Jain noted that the company has completed 29 AI deployments and plans to reach 100 by year-end, with the digital channel contributing 17% of total business, and the Bajaj Finance app ranking among the top five financial services apps on the Google Play Store.
As Bajaj Finance leans into AI to future-proof its growth while managing asset quality pressures, its Q1 performance underscores its position as a leading player navigating India’s evolving consumer finance landscape.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Readers should consult their financial advisor before making investment decisions.
