BFBajaj Finance500034Quarterly results

Q2/H1 results approved, review opinion unmodified; QIP up to Rs. 11,700 crore and Rs. 5,800 crore warrants approved

Board on 19 October 2026 approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.

By ScoutQuest · Mon 19 Oct 2026, 5:21 PM IST · 3 min read

Total income

Latest 24,575.82; Year ago 19,992.38 (+22.9%); Prev qtr 23,166.42 (+6.1%)

Profit after tax

Latest 6,366.57; Year ago 4,947.76 (+28.7%); Prev qtr 6,080.60 (+4.7%)

Period

Quarter ended 30.09.2026 (Unaudited)

What the board approved

On 19 October 2026 the board of directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, prepared as per Indian Accounting Standard (Ind AS). Price Waterhouse LLP and Kirtane & Pandit LLP jointly reviewed the standalone results, and the limited review reports are submitted with unmodified opinion(s).

Standalone results (₹ in crore)

• Revenue from operations: ₹20,890.66 in the quarter, ₹40,693.09 in the half year
• Total income: ₹20,919.40 in the quarter, ₹40,722.50 in the half year
• Finance costs: ₹6,398.84 in the quarter
• Profit before tax: ₹7,420.81 in the quarter, ₹14,583.67 in the half year
• Profit after tax: ₹5,536.10 in the quarter, against ₹4,250.77 in the year-ago quarter; ₹10,881.62 in the half year
• Basic earnings per share: ₹8.90 in the quarter, ₹17.49 in the half year

Balance sheet size

As at 30 September 2026, standalone total assets were ₹490,749.00 crore, with loans at ₹422,268.02 crore. Deposits were ₹69,671.82 crore and borrowings other than debt securities ₹133,864.42 crore.

Capital raising

• The board, at its meeting held on 1 October 2026, approved raising capital through a Qualified Institutions Placement for an aggregate amount not exceeding ₹11,700 crore, by issue of equity shares of face value of ₹1 each.
• A Preferential Issue of warrants convertible into an equivalent number of equity shares to Bajaj Finserv Ltd, the promoter and holding company, for an aggregate amount not exceeding ₹5,800 crore.
• Both proposals are subject to regulatory and statutory approvals as may be required, including approval of the shareholders.

Other corporate actions

• On 28 August 2026 the company invested ₹100 crore in Bajaj Financial Securities Ltd, a wholly owned subsidiary, by subscribing to 64,935,061 equity shares of face value of ₹10 each at ₹15.40 per share (including a premium of ₹5.40), offered on a rights basis.
• Shareholders approved a final dividend of ₹6 per equity share for the year ended 31 March 2026 at the 39th Annual General Meeting held on 30 July 2026.
• 3,472,439 equity shares of face value of ₹1 each were allotted to the BFL Employee Welfare Trust under the Employee Stock Option Scheme, 2009, after board approval on 23 March 2026 and allotment committee approval on 7 April 2026.

Credit and co-lending disclosures

• Under the RBI COVID-19 resolution framework, exposure to personal loans classified as standard was ₹51.81 crore, of which ₹1.65 crore slipped into NPA and ₹0.02 crore was written off during the half year; ₹4.03 crore was paid by borrowers, leaving ₹46.13 crore of standard exposure as at 30 September 2026.
• Loans acquired through assignment in the half year: ₹1,801.33 crore, against ₹7,274.00 crore in the year-ago half year.
• Co-lending as a partner RE: 3 CLA partners, 45,632 outstanding cases, gross outstanding of ₹1,368.74 crore, weighted average rate of interest 17.01%, and fees of ₹0.54 crore paid during the quarter; Stage III loans under CLA were ₹2.09 crore.

What a retail reader can take away

The standalone results show a profit-making quarter, and the auditors' review conclusion is unmodified, so the review does not flag an accounting disagreement. The capital-raising proposals are the bigger structural items: a QIP and warrants to the promoter can change the number of shares in issue and the promoter's holding over time, and the update states these need shareholder and other approvals. The co-lending and assignment tables show how part of the loan book is originated with partners and bought from others. Compare the quarter with the year-ago quarter and the half year with the previous half year to judge the direction of income, costs and profit.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev