Bajaj Finance has reported significant growth in its customer base, reaching 115.40 million customers by December 31, 2025. This represents a substantial increase from the 97.12 million customers recorded by December 31, 2024, demonstrating the company's strong customer acquisition capabilities and market expansion strategy.

Customer Base Growth Performance

The financial services company added 4.76 million new customers during the third quarter of FY26, contributing to the overall annual growth. This quarterly addition reflects the company's continued momentum in expanding its reach across various customer segments and financial products.

Market Expansion Strategy

The substantial customer base expansion of 18.28 million customers over the year indicates Bajaj Finance's successful penetration into new markets and customer segments. The company's ability to consistently add millions of customers quarterly demonstrates its robust distribution network and product appeal across diverse demographics.

Business Implications

This customer growth trajectory positions Bajaj Finance favorably in the competitive financial services landscape. The addition of 4.76 million customers in a single quarter suggests strong operational efficiency in customer onboarding processes and effective marketing strategies. The expanded customer base provides a larger foundation for cross-selling opportunities and revenue generation across the company's comprehensive financial products portfolio.

Bajaj Finance shares traded lower at ₹982.10, down 0.84% from the previous close of ₹990.45, despite the non-banking financial company reporting robust business metrics for the quarter ended December 31, 2025. The stock opened at ₹979.70 and touched an intraday high of ₹999.15 before settling near current levels around midday.

Strong Asset Growth and Customer Expansion

The company's Q3 FY26 performance reflects robust business expansion with substantial year-on-year improvements across core metrics:

Assets Under Management reached approximately ₹4,85,900 crore as of December 31, 2025, marking a significant 22% increase from ₹3,98,043 crore in the corresponding quarter of the previous fiscal year. On a sequential basis, AUM expanded by approximately ₹23,600 crore during the quarter, demonstrating the company's ability to effectively scale its lending operations.

Customer Base and Loan Portfolio Performance

Bajaj Finance's customer franchise showed remarkable expansion, growing to 115.40 million customers as of December 31, 2025, compared to 97.12 million in the same period last year. The quarter witnessed the addition of 4.76 million new customers, indicating strong market penetration and customer acquisition capabilities across its lending products.

New loan bookings demonstrated healthy growth momentum with 13.90 million loans booked in Q3 FY26, representing a 15% increase from 12.06 million loans booked in Q3 FY25. This growth in loan origination reflects the company's continued focus on expanding its lending portfolio and maintaining traction across various product categories.

Market Performance and Trading Activity

Despite the strong operational performance, the stock faced selling pressure during the trading session. Market activity showed moderate volumes with specific trading patterns:

The stock has gained 32.60% over the past year but declined 6.28% in the last month. With a total market capitalisation of ₹6,11,172 crore, Bajaj Finance remains one of India's largest NBFCs.

September Quarter Performance Recap

The strong Q3 performance builds upon robust results from the September quarter. Bajaj Finance reported impressive financial metrics for Q2 FY26:

The company achieved a 21.90% year-on-year increase in consolidated net profit to ₹4,875 crore for the September quarter, compared with ₹4,000 crore in the same period last year. Net interest income rose 22% to ₹10,785 crore from ₹8,838 crore a year ago.

The company cautioned that the disclosed figures are provisional and subject to statutory auditor review, maintaining transparency in its financial reporting process.