Bajaj Finance Shares Rise 5% After Q1 Results as Brokerages Lift Targets
Key Takeaways
- •Bajaj Finance reported a 28% year-on-year increase in standalone net profit to Rs 6,081 crore for Q1 FY27.
- •Net interest income grew 23% annually to Rs 12,571 crore, reflecting strong core lending performance.
- •Assets under management rose by Rs 36,969 crore during the quarter while new loan bookings increased 20% to 16.13 million.
- •The company's shares rose approximately 5% after the earnings announcement and several brokerages raised their target prices.
- •The quarterly results are viewed as a key indicator of broad-based consumer credit demand across India.
Bajaj Finance shares rose about 5% after the non-banking financial company reported a strong Q1 FY27 performance. Standalone net profit increased 28% year-on-year to Rs 6,081 crore, while net interest income rose 23% to Rs 12,571 crore.
Bajaj Finance is one of India's largest NBFCs by market capitalization and a constituent of the Nifty 50 index. The company provides lending products across consumer durables, personal loans, SME finance, and rural segments. Its quarterly results are closely watched as an indicator of broad-based consumer credit demand in India.
The company's robust earnings prompted several brokerages to raise their target prices.
Bajaj Finance said assets under management increased by Rs 36,969 crore during the quarter, while new loan bookings climbed 20% to 16.13 million. The AUM growth and higher loan volumes point to continued customer acquisition and disbursement momentum in the lender's core businesses.