Bajaj Finance Ltd

The key equity barometers traded with modest cuts in afternoon trade after RBI Governor Sanjay Malhotra announced the Monetary Policy Committee's decision to keep the repo rate unchanged and maintain its neutral policy stance. Investor remained focused on inflation trajectory and the potential impact of government reforms aimed at attracting long-term foreign capital inflows. The Nifty slipped below the 23,350 level. Metal, IT and Oil & Gas shares declined while media, realty and pharma shares advanced. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 226.77 points or 0.30% to 74,133.24. The Nifty 50 index dropped 76.35 points or 0.32% to 23,341.55. In the broader market under, the BSE 150 MidCap Index shed 0.26% and the BSE 250 SmallCap Index slipped 0.15%. The market breadth was negative. On the BSE, 1,958 shares rose and 2,081 shares fell. A total of 216 shares were unchanged. Gainers & Losers: Bajaj Finance (up 1.72%), Hindustan Unilever (up 1.44%), SBI Life Insurance (up 1.42%) and HDFC Life Insurance (up 1.42%) were the major Nifty50 gainers. Wipro (down 4.32%), Tata Steel (down 2.98%), Hindalco Industries (down 2.78%) and Trent (down 2.58%) were the major Nifty50 losers. RBI MPC Outcome: The MPC, chaired by RBI Governor Sanjay Malhotra, unanimously voted to maintain the repo rate under the liquidity adjustment facility (LAF) at 5.25%. Accordingly, the standing deposit facility (SDF) rate remains at 5%, while the marginal standing facility (MSF) rate and the bank rate continue at 5.50%. The committee also retained its neutral policy stance. The RBI noted that the prolonged conflict in West Asia has increased risks to both global growth and inflation. Volatile energy markets, falling crude inventories and rising commodity prices have prompted major central banks to adopt a more cautious approach, with advanced economies expected to lean towards tighter monetary policies. On the domestic front, economic activity has remained resilient, supported by steady private consumption, sustained investment momentum, robust services exports and strong merchandise export growth in April 2026. However, higher freight and insurance costs, coupled with geopolitical uncertainties, are beginning to weigh on the economy. The central bank also flagged concerns over a deficient south-west monsoon, though various government initiatives are expected to help mitigate the impact on agriculture and rural demand. Taking these factors into account, the RBI revised its FY27 real GDP growth forecast to 6.6% from 6.9% projected earlier. Growth is now estimated at 6.6% in Q1, 6.3% in Q2, 6.5% in Q3 and 6.8% in Q4. The central bank said prolonged supply chain disruptions, volatility in global financial markets and weather-related shocks remain key downside risks to growth. CPI inflation for FY27 has been projected at 5.1%, compared with the earlier estimate of 4.6%. Quarterly inflation is expected at 4.2% in Q1, 5.1% in Q2, 5.9% in Q3 and 5.4% in Q4, while core inflation is projected at 4.7% for the year. The RBI highlighted that elevated energy prices, global supply constraints, a weaker monsoon outlook and the risk of El Ni'o have increased inflation uncertainties. Given these evolving risks, the MPC decided that maintaining the current policy rate and stance would be appropriate until greater clarity emerges. The minutes of the MPC meeting will be published on 19 June 2026. The next MPC meeting is scheduled for 3 to 5 August 2026. Economy The government has announced a series of reforms to attract long-term foreign capital and deepen India's capital markets, including exempting Foreign Portfolio Investors (FPIs) from income tax on interest income and capital gains arising from investments in government securities (G-Secs) with effect from 01 April 2026. Similar tax benefits have been extended to the Bank for International Settlements (BIS). The government has also expanded foreign investor access to government bonds by including additional long-tenor securities and Sovereign Green Bonds under the Fully Accessible Route (FAR), while removing certain investment restrictions under the General Route. At the same time, investment norms for individual Persons Resident Outside India (PROIs) have been liberalised, allowing them to invest in listed Indian equities through the Portfolio Investment Scheme with higher investment limits. The Finance Ministry said the measures are aimed at simplifying market access, enhancing ease of doing business and attracting stable foreign inflows into India's equity and debt markets. Stocks in Spotlight: Banking stocks traded mixed after the Reserve Bank of India (RBI) kept the policy repo rate unchanged at 5.25% at the conclusion of its Monetary Policy Committee (MPC) meeting held from 3 to 5 June 2026. Punjab National Bank (up 1.41%), Yes Bank Ltd (up 1.41%), Canara Bank (up 1.39%), Axis Bank Ltd (up 0.92%) and ICICI Bank Ltd (up 0.81%), AU Small Finance Bank Ltd (up 0.51%), Union Bank of India (up 0.4%) and State Bank of India (up 0.1%) advanced. On the other hand, Bank of Baroda (down 2.47%), Kotak Mahindra Bank Ltd (down 0.92%) and Federal Bank Ltd (down 0.63%) declined. Bharat Heavy Electricals shed 0.47%. The company has received a notification of award (NOA) from Meja Urja Nigam (MUNPL) for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II EPC package. Lupin advanced 1.17% after the company announced that the United States Food and Drug Administration (USFDA) has approved its ranibizumab, Ranluspec (ranibizumab-hkdz) injection. Juniper Hotels added 2.42% after the company has entered into an agreement with Juniper Hospitality Assets (JHAPL), and its seller shareholders, Arun Kumar Saraf and Varun Saraf, for the proposed transaction. The company will develop a five- Star hotel on land parcel measuring approximately 2.524 acres in Sector 23, Dwarka, New Delhi, having emerged as the successful bidder for the licence rights to the site. Avi Polymers rallied 4.95% after the company's board approved a proposal to issue bonus shares in the ratio of 1:10. Accordingly, the company will issue 1 equity share for every 10 equity shares held by the eligible shareholders as on the record date, subject to such regulatory/statutory approvals as may be required. Additionally, the company's board approved the sub-division/split of the face value of equity shares, each equity share with a face value of Rs 10 will be subdivided into 10 equity shares with a face value of Re 1 each. Further, the board has approved a strategic expansion into high-growth sustainable industries including industrial waste management systems, advanced material recycling technology and carbon footprint optimization & sustainability consulting services. Alembic Pharmaceuticals rose 0.45%. The company announced that it has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Haloperidol Tablets USP in strengths of 1 mg, 2 mg, 5 mg, 10 mg, and 20 mg. CG Power and Industrial Solutions shed 0.41%. The company announced the commissioning and commencement of commercial production at its extra high-voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Nashik, Maharashtra. Global Markets: European and Asian market traded lower on Friday, dragged lower by the overnight slump in key Wall Street tech names. Overnight in the U.S., the Dow Jones Industrial Average rallied to a fresh all-time high, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks. The 30-stock Dow jumped 874.86 points, or 1.73%, to close at a record 51,561.93. The Nasdaq lost 0.09% and ended at 26,830.96, while the S&P 500 rose 0.41% to 7,584.31. The rotation was sparked by a sell-off in Broadcom that led investors to pare exposure to AI-linked stocks. The chipmaker slid more than 12% after its fiscal second-quarter revenue missed estimates. Chip names, which led the latest leg higher in the market's rally to record levels, fell broadly. The VanEck Semiconductor ETF (SMH) lost more than 1%. Arm Holdings shed more than 4%, while Micron Technology fell close to 8%. Stocks also came under pressure on Middle East worries. Mixed messages have emerged recently out of negotiations to end the war, which has upset global markets and caused oil and gasoline prices to spike.Powered by Capital Market - Live

Bajaj Finance Ltd fell for a fifth straight session today. The stock is quoting at Rs 871.6, down 0.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Bajaj Finance Ltd has eased around 9.08% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has eased around 2.85% in last one month and is currently quoting at 24955.7, up 0.11% on the day. The volume in the stock stood at 52.63 lakh shares today, compared to the daily average of 95.51 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 874.25, down 0.51% on the day. Bajaj Finance Ltd tumbled 2.44% in last one year as compared to a 5.65% slide in NIFTY and a 5.32% fall in the Nifty Financial Services index.The PE of the stock is 32.2 based on TTM earnings ending March 26.Powered by Capital Market - Live

Bajaj Finance has allotted 1,02,500 non convertible debentures of face value of Rs 1 lakh each aggregating to Rs 1,025 crore on private placement basis.

Bajaj Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 902.05, down 0.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.54% on the day, quoting at 23505.1. The Sensex is at 74897.31, up 0.45%.Bajaj Finance Ltd has lost around 1.22% in last one month.Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has eased around 4.49% in last one month and is currently quoting at 25137.15, up 0.47% on the day. The volume in the stock stood at 41.87 lakh shares today, compared to the daily average of 80.04 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 905.25, down 0.13% on the day. Bajaj Finance Ltd tumbled 0.67% in last one year as compared to a 4.71% slide in NIFTY and a 3.4% fall in the Nifty Financial Services index.The PE of the stock is 33.21 based on TTM earnings ending March 26.Powered by Capital Market - Live

Bajaj Finance has allotted 2,89,200 Non Convertible Debentures at face value of Rs. 1 lakh each aggregating to Rs. 2,892.42 crore on private placement basis.

Bajaj Finance Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 949.3, up 2.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.09% on the day, quoting at 23912.95. The Sensex is at 76710.17, down 1.01%. Bajaj Finance Ltd has risen around 16.15% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finance Ltd is a constituent, has risen around 6.75% in last one month and is currently quoting at 25913.95, down 1.21% on the day. The volume in the stock stood at 206.08 lakh shares today, compared to the daily average of 88.29 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 953.75, up 2.03% on the day. Bajaj Finance Ltd is up 7.11% in last one year as compared to a 1.78% drop in NIFTY and a 2.11% drop in the Nifty Financial Services index.The PE of the stock is 36.02 based on TTM earnings ending December 25.Powered by Capital Market - Live

The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL) and Bajaj Financial Securities (BFinserc), and its associate companies, Snapwork Technologies and Pennant Technologies. Profit before tax (PBT) rose 31.21% YoY to Rs 7,409.84 crore in Q4 FY26, compared with Rs 5,647.38 crore in Q4 FY25. In Q4 FY26, the company recorded an additional expected credit loss (ECL) provision of Rs 142 crore towards management and macroeconomic overlay. Net interest income (NII) increased 20% to Rs 11,781 crore for Q4 FY26 from Rs 9,808 crore reported in Q4 FY25. The operating expenses to net total income ratio for Q4 FY26 stood at 33.8%, as against 33.6% in Q4 FY25. The number of new loans booked in Q4 FY26 was 12.89 million as against 10.70 million in Q4 FY25, a growth of 20%. Loan losses and provisions for Q4 FY26 stood at Rs 2,008 crore as against Rs 2,167 crore in Q4 FY25. However, before accounting for the additional ECL provision and presentation change, loan losses and provisions increased 8% year-on-year to Rs 2,125 crore in Q4 FY26 from Rs 1,970 crore in Q4 FY25. Assets under management (AUM) crossed the milestone of Rs 5 lakh crore and stood at Rs 5,09,975 crore as of 31 March 2026, compared with Rs 4,16,661 crore as of 31 March 2025, registering a growth of 22%. In Q4 FY26, AUM grew by Rs 25,498 crore. On the asset quality front, Gross NPA and Net NPA as of 31 March 2026 stood at 1.01% and 0.41%, respectively, as against 0.96% and 0.44% as of 31 March 2025. The provisioning coverage ratio on stage 3 assets was 60%. The capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 March 2026 was 21.55%. The Tier-I capital was 20.67%. For FY26, the company reported a net profit of Rs 19,017 crore, marking a 14.3% year-on-year (YoY) growth over Rs 16,637 crore in FY25, while net interest income (NII) increased 21% YoY to Rs 44,110 crore. Meanwhile, the company's board has recommended a final dividend of Rs 6 per equity share of face value of Rs 1 each for FY26, which includes a special payout of Rs 0.60 per equity share arising from the exceptional gain on the sale of BHFL shares. This compares with a total dividend of Rs 5.60 per equity share in the previous year, adjusted for split and bonus. Bajaj Finance announced that Rajiv Bajaj will step down from the Board and will not seek re-election at the AGM scheduled on 30 July 2026 and will cease to be a non-executive director upon the conclusion of the AGM. Separately, the Board approved the reappointment of Pramit Jhaveri as a non-executive independent director for a second term of five years effective 1 August 2026, subject to shareholders' approval. Further, the Board approved raising of funds, inter alia, through debt instruments including non-convertible debentures (in Indian or foreign currency) as part of an increase in the overall borrowing limit from Rs 375,000 crore to Rs 550,000 crore under Section 180(1)(c) of the Companies Act, 2013, subject to shareholders' approval at the ensuing AGM. The funds will be raised on terms including interest rate, tenor, and security as may be decided through offer documents from time to time. Bajaj Finance is one of India's leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence.Powered by Capital Market - Live

Net profit of Bajaj Finance rose 21.99% to Rs 5464.57 crore in the quarter ended March 2026 as against Rs 4479.57 crore during the previous quarter ended March 2025. Sales rose 18.35% to Rs 21476.14 crore in the quarter ended March 2026 as against Rs 18146.05 crore during the previous quarter ended March 2025. For the full year,net profit rose 14.30% to Rs 19017.39 crore in the year ended March 2026 as against Rs 16637.82 crore during the previous year ended March 2025. Sales rose 19.36% to Rs 81482.81 crore in the year ended March 2026 as against Rs 68264.59 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales21476.1418146.05 18 81482.8168264.59 19 OPM %70.0968.50 -68.4069.83 - PBDT7665.365899.39 30 27090.8522960.62 18 PBT7409.845647.38 31 26081.8722079.63 18 NP5464.574479.57 22 19017.3916637.82 14 Powered by Capital Market - Live

Bajaj Finance has fixed 30 June 2026 as record date for payment of final dividend of Rs 6 per equity share for FY 2026.

The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL) and Bajaj Financial Securities (BFinserc), and its associate companies, Snapwork Technologies and Pennant Technologies. Profit before tax (PBT) rose 31.21% YoY to Rs 7,409.84 crore in Q4 FY26, compared with Rs 5,647.38 crore in Q4 FY25. In Q4 FY25, the company recorded an additional expected credit loss (ECL) provision of Rs 359 crore, along with a tax benefit of Rs 348 crore on account of deductibility of certain expenditures based on favorable court and tribunal orders. In Q4 FY26, the company recorded an additional ECL provision of Rs 142 crore towards management and macroeconomic overlay. Further, during the quarter, the company revised the presentation of recoveries against written-off loans from 'Other Operating Income' to 'Loan Losses and Provisions' across all periods, resulting in a reduction in net total income, loan losses and provisions, and related ratios, with no impact on profit before and after tax. Net interest income (NII) increased 20% to Rs 11,781 crore for Q4 FY26 from Rs 9,808 crore reported in Q4 FY25. The operating expenses to net total income ratio for Q4 FY26 stood at 33.8%, as against 33.6% in Q4 FY25. The number of new loans booked in Q4 FY26 was 12.89 million as against 10.70 million in Q3 FY25, a growth of 20%. Loan losses and provisions for Q4 FY26 stood at Rs 2,008 crore as against Rs 2,167 crore in Q4 FY25. However, before accounting for the additional ECL provision and presentation change, loan losses and provisions increased 8% year-on-year to Rs 2,125 crore in Q4 FY26 from Rs 1,970 crore in Q4 FY25. Assets under management (AUM) crossed the milestone of Rs 5 lakh crore and stood at Rs 5,09,975 crore as of 31 March 2026, compared with Rs 4,16,661 crore as of 31 March 2025, registering a growth of 22%. In Q4 FY26, AUM grew by Rs 25,498 crore. On the asset quality front, Gross NPA and Net NPA as of 31 March 2026 stood at 1.01% and 0.41%, respectively, as against 0.96% and 0.44% as of 31 March 2025. The provisioning coverage ratio on stage 3 assets was 60%. The capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 March 2026 was 21.55%. The Tier-I capital was 20.67%. For FY26, the company reported a net profit of Rs 19,017 crore, marking a 14.3% year-on-year (YoY) growth over Rs 16,637 crore in FY25, while net interest income (NII) increased 21% YoY to Rs 44,110 crore. Meanwhile, the company's board has recommended a final dividend of Rs 6 per equity share of face value of Rs 1 each for FY26, which includes a special payout of Rs 0.60 per equity share arising from the exceptional gain on the sale of BHFL shares. This compares with a total dividend of Rs 5.60 per equity share in the previous year, adjusted for split and bonus. Bajaj Finance announced that Rajiv Bajaj will step down from the Board and will not seek re-election at the AGM scheduled on 30 July 2026 and will cease to be a non-executive director upon conclusion of the AGM. Separately, the Board approved the re-appointment of Pramit Jhaveri as a non-executive independent director for a second term of five years effective 1 August 2026, subject to shareholders' approval. Further, the Board approved raising of funds, inter alia, through debt instruments including non-convertible debentures (in Indian or foreign currency), as part of an increase in the overall borrowing limit from Rs 3,75,000 crore to Rs 5,50,000 crore, under Section 180(1)(c) of the Companies Act, 2013, subject to shareholders' approval at the ensuing AGM. The funds will be raised on terms including interest rate, tenor, and security as may be decided through offer documents from time to time. Bajaj Finance is one of India's leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence. Shares of Bajaj Finance rose 0.71% to close at Rs 929.95 on the BSE.Powered by Capital Market - Live