19-Oct-2026 19:17:34
BAJAJ FINANCE Q2 CONCALL: 26–27% AUM GROWTH GUIDANCE, ₹11 LAKH CR FY30 TARGET & STRONG GOLD LOAN EXPANSION
• FY27 AUM GROWTH GUIDANCE MAINTAINED AT 26–27%; MEDIUM-TERM GROWTH TARGET AT 23–25% ANNUALLY • FY30 AUM TARGET MAINTAINED AT APPROXIMATELY ₹11 LAKH CR • LONG-TERM PROFIT GROWTH TARGETED AT 22–25% ANNUALLY, WITH ROE OF 19–21% • FY27 NEW LOAN BOOKINGS EXPECTED AT 6–6.2 CR; NEW CUSTOMER ADDITIONS TARGETED AT 1.8–2 CR • GOLD LOAN BRANCH NETWORK TARGETED AT 2,800 BY FY27-END FROM CURRENT 2,022 • MSME LOAN GROWTH EXPECTED TO RECOVER TO DOUBLE DIGITS IN H2 FY27 • CREDIT COST EXPECTED TO REMAIN FAVORABLE IN H2 FY27; NO MATERIAL GOLD LOAN CREDIT-COST IMPACT ANTICIPATED • NIM EXPECTED TO FACE ADDITIONAL MARGINAL COMPRESSION IN H2 FY27 DUE TO RISING FUNDING COSTS • OPERATING EXPENSE RATIO EXPECTED TO IMPROVE BY 25–40 BPS DURING FY27 • LONG-TERM FEE INCOME GROWTH EXPECTED AT 15–18% ANNUALLY • ₹11,700 CR QIP & ₹5,800 CR PREFERENTIAL WARRANT ISSUE PROPOSED TO SUPPORT GROWTH, SUBJECT TO APPROVALS • BAJAJ HOUSING FINANCE AFFORDABLE HOUSING DISBURSEMENTS TARGETED AT ₹800 CR/MONTH BY FY27-END & ₹1,300–1,400 CR BY Q3 FY28 • AI EXPANSION TARGETED AT 600 AGENTS & 118 AGENTIC APPLICATIONS IN FY27 • RBI REVOLVING LOAN RULES, INSURANCE COMMISSION CHANGES & WEAK MONSOON CONDITIONS REMAIN KEY RISKS
BAJAJ FINANCE LIMITED