The management of Bajaj Finance has cut its growth guidance for Assets Under Management (AUM) for the full financial yer. It now expects AUM growth to be between 22% and 23%, compared to the earlier projection of 24% to 25%.
Bajaj Finance cut its AUM growth guidance owing to lower growth in the mortgage and SME segments. It now expects SME growth to range between 10% and 12%, while MSME growth will bottom in the first quarter of the next financial year.
Additionally, the management also expects credit costs to be at the higher end of the 1.85% to 1.95% guidance range with improvement starting the next financial year. Elevated credit costs resulted in Bajaj Finance cutting down on 25% of its unsecured MSME volumes.
On expected lines, Bajaj Finance’s Net Interest Income (NII) increased by 22% from last year to ₹10,785 crore, while its Net Profit increased by 23.3% year-on-year to ₹4,948 crore.
Asset quality saw some pressure on a sequential basis with Gross NPA at 1.24% from 1.03% last quarter, while Net NPA stood at 0.6% from 0.5% last quarter. Net Interest margins remained flat compared to last year.
Expectations of Bajaj Finance delivering a strong quarter were already built-in as the stock ended at the day’s high on Monday ahead of the results announcement, gaining 1.9% to end at ₹1,086.6. The stock ended close to its 52-week high of ₹1,102.5. Shares of Bajaj Finance have gained 5% so far in the last one month.
First Published: Nov 11, 2025 6:34 AM IST