Bajaj Finance Q2 Profit Rises 28.7% to ₹6,367 Crore

Bajaj Finance reported higher profit for its September quarter on Monday, with growth across lending and income measures. UltraTech Cement also reported higher quarterly profit and sales revenue for the period ended September 30.

By Career Ahead AI — AI-assisted, fact-verified against cited sources. Readers should verify key facts.

Bajaj Finance reports higher profit and income

Bajaj Finance’s consolidated profit after tax reached ₹6,367 crore for the quarter ended September 30, up 28.7% from ₹4,948 crore a year earlier. Profit before tax rose 29% to ₹8,537 crore from ₹6,608 crore. After excluding a ₹337 crore prudent management and macroeconomic provision, profit before tax was ₹8,874 crore, up 34%; net profit before the additional provision was ₹6,619 crore, also up 34% year-on-year.¹²³

Net interest income, the difference between interest earned on credit and interest paid on borrowings, rose 24% to ₹13,335 crore from ₹10,785 crore. Net total income increased 23% to ₹15,974 crore from ₹12,982 crore. Pre-provisioning operating profit grew 23% to ₹10,699 crore from ₹8,685 crore, while operating expenses stood at 33% of net total income, compared with 33.1% a year earlier.¹²³

Assets under management and new lending expand Assets under management grew 26% year-on-year, the fastest pace since the March 2025 quarter, to ₹5.85 lakh crore as of September 30, 2026, from ₹4.62 lakh crore a year earlier.

Assets under management and new lending expand

Assets under management grew 26% year-on-year, the fastest pace since the March 2025 quarter, to ₹5.85 lakh crore as of September 30, 2026, from ₹4.62 lakh crore a year earlier. AUM increased by ₹37,680 crore during the quarter. Bajaj Finance booked 13.45 million new loans, up 11% from 12.17 million in the year-earlier period.¹²³

The customer franchise grew 16% year-on-year to 128.85 million as of September 30, with 4.42 million customers added during the quarter. Gold loans doubled year-on-year and rural consumer finance grew 63%. Loans to small and medium enterprises increased 3%; the company had tightened underwriting in that segment after a period of higher delinquencies.¹²³

Loan quality and provisions show mixed movements

The gross non-performing asset ratio was 1.06%, down from 1.24% a year earlier but up from 0.96% in the preceding quarter. Credit cost improved to 1.56% from 1.88% a year earlier. Loan losses and provisions rose to ₹2,166 crore from ₹2,080 crore, while excluding the additional provision, they declined 12% to ₹1,829 crore.¹²³

UltraTech reports higher sales and cement capacity

UltraTech Cement reported consolidated net profit of ₹1,501 crore for the quarter ended September 30, 2026, up 21.3% year-on-year. Consolidated net sales revenue rose 18.9% to ₹23,024 crore. Domestic grey cement sales volumes increased 13.8% to 35.94 million tonnes, while capacity utilisation climbed to 71% from 66% in the same period last year.¹²³

The company said higher volumes and improved profitability strengthened its market position. At quarter-end, its consolidated domestic grey cement capacity stood at 204.7 mtpa. Global grey cement capacity was 210.1 mtpa, including 5.4 mtpa of overseas capacity.¹²³

UltraTech said it was on track with its organic growth capex programme to reach capacity of over 240 mtpa by March 2028. During the quarter, it added 117 MW of renewable energy capacity and 10 MW of Waste Heat Recovery System capacity, raising the share of green power in its energy mix.¹²³

UltraTech said it was on track with its organic growth capex programme to reach capacity of over 240 mtpa by March 2028.

Growth Is Product-Specific

Anyone weighing a move into consumer lending can compare broad loan growth with the product areas expanding fastest: gold loans doubled year-on-year and rural consumer finance grew sixty-three per cent, while the lender booked thirteen point four five million new loans, up eleven per cent. That makes product operations, customer acquisition and credit assessment relevant tracks to investigate, rather than assuming every lending desk has the same growth profile. Build evidence of handling loan applications and assessing borrower risk, and ask which product’s portfolio a role supports.¹²

For a risk or underwriting path, small and medium enterprise lending is a distinct case: loans there grew three per cent after tighter underwriting following higher delinquencies. Overall, the gross non-performing asset ratio was one point zero six per cent, below one point two four per cent a year earlier but above zero point nine six per cent in the preceding quarter; credit cost improved to one point five six per cent, while loan losses and provisions rose. In interviews, ask how success is measured across loan growth and asset quality, and whether pay targets account for portfolio quality as well as lending volume.¹²³