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Bajaj Finance Share Price: Bajaj Finance Ltd (BFL) on Monday reported a 23 per cent year-on-year rise in consolidated net profit to Rs 4,948 crore for the quarter ended September 30, 2025 (Q2 FY26), supported by steady loan growth and higher net interest income.
The non-banking finance company (NBFC) had posted a profit of Rs 4,014 crore in the same period last year.
Bajaj Finance Share Price Today
Bajaj Finance Ltd shares came under sharp pressure today, falling 7.4 per cent to Rs 1,005.10 on the BSE.
The stock opened at Rs 1,042.05 and hit an intraday high of Rs 1,044.65 before slipping to the day’s low of Rs 1,005.00.
In the previous session, the stock had closed at Rs 1,085.40.
Bajaj Finance Q2 Update
Total consolidated income grew 18 per cent to Rs 20,181 crore from Rs 17,095 crore a year ago, while net interest income (NII) rose 22 per cent to Rs 10,785 crore against Rs 8,838 crore in Q2 FY25.
Assets under management (AUM) increased 24 per cent to Rs 4.62 lakh crore, driven by strong traction in secured lending.
However, asset quality saw some deterioration. Gross non-performing assets (GNPA) rose to 1.24 per cent from 1.06 per cent a year ago, while net NPAs increased to 0.6 per cent from 0.46 per cent. Total expenditure also climbed to Rs 13,576 crore versus Rs 11,697 crore last year.
Management revised down its FY26 AUM growth guidance to 22–23 per cent from the earlier 24–25 per cent, citing weaker demand trends in SME and housing segments, though it maintained its credit cost guidance at 1.85–1.95 per cent.
Brokerages divided on outlook
Jefferies maintained a Buy rating with a higher target price of Rs 1,270 (from Rs 1,100), calling it a strong quarter with resilient topline performance. The brokerage expects profit to grow at a 23 per cent CAGR over FY25–28 as credit costs moderate.
Morgan Stanley also retained its Overweight stance, raising its target to Rs 1,195 from Rs 1,150. It expects lower credit costs and better cost efficiencies ahead, viewing Bajaj Finance as the “strongest large-cap financial” and recommending investors to “buy on dips.”
HSBC reiterated its Buy rating with a target of Rs 1,200, highlighting stable RoA and ROE, cost efficiency improvement, and scope for margin normalisation, driving a potential 28 per cent EPS CAGR over FY26–28.
CLSA, meanwhile, maintained an Accumulate rating, raising its target to Rs 1,200 from Rs 1,150, noting that most key parameters were in line but flagging mixed trends in asset quality.
On the other hand, JP Morgan and Citi maintained Neutral ratings, with targets of Rs 1,040 and Rs 1,090, respectively, citing rising stress in certain loan segments.
Bernstein remained the most cautious, keeping an Underperform rating with a target of Rs 640, warning of “rising NPLs, elevated credit costs, and margin pressure.”
At the current market price of Rs 1,085, most brokerages see limited downside, though investors may watch asset quality trends and festive demand recovery closely before taking fresh positions.
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