Bajaj Finance , one of India's leading non-banking financial companies, has reported a strong financial performance for the first half of fiscal year 2026 (H1 FY26), demonstrating resilience and growth in a dynamic economic environment.

Financial Highlights

The company's consolidated profit after tax surged by 23% to ₹9,713 crore in H1 FY26, up from ₹7,926 crore in the same period last year. This growth was underpinned by a significant expansion in its assets under management (AUM) and loan portfolio.

Operational Performance

Bajaj Finance's operational metrics showed robust growth across various segments:

• Customer Base Expansion: The company's customer franchise grew by 20% to 110.64 million as of September 30, 2025.
• Loan Portfolio Growth: New loans booked during H1 FY26 increased by 24% to 25.66 million.
• Festive Season Performance: Loan volumes during the festive season (Navratri to Diwali) saw a 27% year-on-year increase, with disbursed value rising by 29%.
• Geographical Expansion: The company now operates across 4,039 locations, enhancing its market reach.

Asset Quality and Capital Adequacy

Bajaj Finance maintained a strong focus on asset quality:

• Gross NPA: Stood at 1.24% as of September 30, 2025
• Net NPA: Reported at 0.60%
• Capital Adequacy Ratio: A robust 21.23%, with Tier-I capital at 20.54%

Strategic Initiatives: BFL 3.0

Chairman Sanjiv Bajaj highlighted the company's strategic vision, BFL 3.0 – A FINAI Company, aimed at becoming the pre-eminent choice for 200 million customers by FY29. Key aspects include:

• Integration of AI across all processes to accelerate growth and enhance customer engagement
• Development of FINAI capabilities, expected to be implemented over the next 12-18 months
• Focus on creating a virtuous cycle of sustainable growth for the next 7-8 years

Market Position and Outlook

Bajaj Finance's strong performance comes amid a positive economic outlook for India, with the Reserve Bank of India projecting a GDP growth of 6.8% in FY26. The company's Chairman expressed confidence in capitalizing on India's sustained economic momentum and emerging growth opportunities.

Conclusion

Bajaj Finance's impressive H1 FY26 results, coupled with its strategic focus on AI-driven growth and expansion, position the company well for future success in India's dynamic financial services sector. As it advances its BFL 3.0 strategy, the company aims to leverage technology and its expanding customer base to drive sustainable long-term growth.

Bajaj Finance , a leading financial services company in India, has successfully raised Rs 1,859.30 crore through the allotment of secured redeemable non-convertible debentures (NCDs) via private placement. This move demonstrates the company's ability to secure significant funding in the current market environment.

Key Details of the NCD Allotment

Interest Payment Schedule

The NCDs will offer annual coupon payments, with the first payment scheduled for September 27, 2026. Subsequent payments will occur annually on the same date until maturity in 2030.

Security and Repayment

Bajaj Finance has structured these NCDs with robust security measures:

• The debentures are secured by a first pari-passu charge on the company's book debts and loan receivables.
• The security cover is set to maintain a minimum of 1.00 times the aggregate outstanding value of the debentures.

This arrangement provides a level of assurance to investors regarding the repayment of their investment.

Significance of the Issuance

This NCD issuance by Bajaj Finance is noteworthy for several reasons:

1. Funding Strategy: It reflects the company's approach to raising capital, utilizing debt instruments to support its operations and growth.

2. Investor Confidence: The successful placement of NCDs indicates investor trust in Bajaj Finance's financial stability and business model.

3. Liquidity Management: The funds raised through this issuance can potentially be used to manage the company's liquidity position, refinance existing debt, or support business expansion.

4. Market Positioning: This move reinforces Bajaj Finance's position as a significant player in the Indian financial services sector, capable of attracting substantial investments.

As Bajaj Finance continues to navigate the financial landscape, this NCD issuance represents a strategic step in its ongoing financial management and growth initiatives.