Archive · 25 Jul 2025
Bajaj Finance Q1FY26 Results: Strong Growth, Hold Rating
Bajaj Finance, a company that helps people with loans, had a good start to the year.
They made a lot of money, about 22% more than last year.
They also gave out more loans and added lots of new customers.
The company is doing well but spent a bit more on credit.
Experts recommend to hold the stock at the current price.
Bajaj Finance reported a 22% year-over-year growth in standalone profit after tax (PAT) at ₹4,120 crore in Q1FY26.
The company's earnings were supported by a 24% year-over-year AUM growth and an 18% year-over-year non-interest income growth.
Bajaj Finance added 4.7 million new customers and booked 13.5 million new loans in Q1FY26.
Credit cost was higher at 2.02% in Q1FY26 compared to the guided range of 1.85-1.95%, mainly impacting MSME and 2 and 3-wheeler portfolios.
The brokerage maintains a 'Hold' rating with a revised target price of ₹910.
- Who
- Bajaj Finance, a financial services company.
- What
- Bajaj Finance's Q1FY26 financial performance and brokerage recommendations.
- When
- Q1FY26 (between April and June 2025).
- Where
- N/A
- Why
- To analyze and report on the company's financial results and provide investment recommendations.
Upside Risk
Downside Risk
AUM Growth
Upside Risk
FY26 ending with AUM growth of above 25 per cent, which is the upper end of Bajaj’s guided range.
Downside Risk
N/A
- PAT Growth (Q1FY26)
- 22% y-o-y
- AUM Growth (Q1FY26)
- 24% y-o-y
- Non-Interest Income Growth (Q1FY26)
- 18% y-o-y
- New Customers Added (Q1FY26)
- 4.7 million
- New Loans Booked (Q1FY26)
- 13.5 million
- Credit Cost (Q1FY26)
- 2.02%
- Brokerage Rating
- Hold
- Revised Target Price
- ₹910
