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Bajaj Finance Raises Rs. 2,500.20 Crore via Private Placement of Secured NCDs
Bajaj Finance has successfully allotted 2,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) to raise Rs. 2,500.20 crore. The fundraise is split into two options: Rs. 1,000.01 crore at a 7.40% coupon and Rs. 1,500.19 crore at a 7.55% coupon. These instruments have tenures of approximately 3 years and 5 years respectively. The capital raised will likely support the company's lending operations and strengthen its balance sheet.
Key Highlights
Total allotment of 2,50,000 NCDs with a face value of Rs. 1 Lakh each aggregating to Rs. 2,500.20 crore.
Option I: Rs. 1,000.01 crore raised at 7.40% p.a. with a tenure of 1,116 days maturing in March 2029.
Option II: Rs. 1,500.19 crore raised at 7.55% p.a. with a tenure of 1,826 days maturing in February 2031.
The debentures are secured by a first pari-passu charge on book debts and loan receivables with at least 1.0x cover.
The securities are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
💼 Action for Investors
Investors should view this as a positive development as it secures long-term funding at competitive rates for the NBFC. No immediate action is required, but this supports the company's growth trajectory in the lending space.
Bajaj Finance Raises Rs 500 Crore via Secured NCDs at 7.31% Coupon
Bajaj Finance has successfully allotted 50,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis to raise Rs 500 crore. The NCDs carry a fixed coupon rate of 7.31% per annum with a tenure of 729 days, maturing on February 11, 2028. This fundraise is part of the company's regular debt capital management to support its ongoing lending business. The issue is secured by a first pari-passu charge on the company's loan receivables with a minimum cover of 1.00 time.
Key Highlights
Total fundraise of Rs 500 crore through the allotment of 50,000 NCDs
Fixed coupon rate of 7.31% p.a. with annual interest payment frequency
Tenure of 729 days with maturity scheduled for February 11, 2028
Secured by first pari-passu charge on book debts and loan receivables
NCDs to be listed on the Wholesale Debt Market Segment of BSE Limited
💼 Action for Investors
This is a routine fundraise for a large NBFC like Bajaj Finance and indicates stable access to debt markets at competitive rates. Investors should continue to monitor the company's overall cost of borrowing and net interest margins in future earnings reports.
Bajaj Finance Q3 FY26: Core PAT up 23% YoY; Voluntary Provisioning of ₹1,406 Cr Strengthens Books
Bajaj Finance reported a robust core performance for Q3 FY26, with core AUM growing 22% YoY and the customer franchise expanding to 115 million. The company proactively took a one-time accelerated ECL provision of ₹1,406 crore to implement LGD floors, significantly raising Stage 1 PCR to 98 bps for long-term resilience. While reported PAT was impacted by these provisions and a ₹265 crore labor code charge, it was partially offset by a ₹1,416 crore gain from selling a 2% stake in BHFL. Asset quality remains a highlight with Net NPA at 0.47% and steady NIMs.
Key Highlights
Core AUM grew by 22% YoY (₹23,622 crore) with total customer franchise reaching 115 million.
Proactive one-time accelerated ECL provision of ₹1,406 crore increased Stage 1 PCR from 74 bps to 98 bps.
Core PAT grew 23% YoY, supported by steady NIMs and a sequential 7 bps improvement in cost of funds to 7.45%.
Asset quality remains strong with GNPA at 1.21% and NNPA at 0.47%, while Stage 2 and 3 assets saw a net decrease of ₹93 crore.
Management guided for full-year AUM growth of 22-23% despite a temporary slowdown in the MSME segment.
💼 Action for Investors
Investors should view the one-time provisioning as a strategic move to 'bulletproof' the balance sheet rather than a sign of credit stress. The core 23% profit growth and expanding customer base suggest the long-term growth story remains intact.
Bajaj Finance Q3 FY26: Core PAT up 23% to ₹5,317 Cr; AUM grows 22% to ₹4.84 Lakh Cr
Bajaj Finance reported a strong core performance for Q3 FY26 with adjusted PAT growing 23% YoY to ₹5,317 crore, although reported PAT dipped 6% due to one-time accelerated provisions and labor code charges. Assets Under Management (AUM) grew 22% YoY to ₹484,477 crore, supported by a massive customer franchise of 115.4 million. Asset quality remains stable with NNPA at 0.47%, and the company is aggressively implementing its 'FINAI' transformation to drive future operating efficiencies. Subsidiaries BHFL and BFSL also showed robust growth, with BHFL AUM rising 23% and BFSL PAT surging 74%.
Key Highlights
Core PAT grew 23% YoY to ₹5,317 Cr, excluding a ₹1,406 Cr accelerated ECL provision and ₹265 Cr labor code charge.
Consolidated AUM increased by 22% YoY to reach ₹484,477 Cr, with 13.90 million new loans booked in Q3.
Customer franchise expanded to 115.40 million, adding 4.76 million new customers during the quarter.
Asset quality remained healthy with GNPA at 1.21% and NNPA at 0.47%, while the provisioning coverage ratio stands at 61%.
Bajaj Housing Finance (BHFL) reported 23% AUM growth and 21% PAT growth, maintaining superior asset quality with NNPA at 0.11%.
💼 Action for Investors
Investors should look past the one-time provisioning hit as it strengthens the balance sheet; the core 23% profit growth and 22% AUM growth signal continued dominance. The aggressive AI-led transformation and strong subsidiary performance make it a high-conviction long-term hold in the NBFC space.
Bajaj Finance Q3 Standalone PAT at ₹4,580.5 Cr, Up 23.6% YoY Aided by Exceptional Gain
Bajaj Finance reported a standalone Profit After Tax (PAT) of ₹4,580.52 crore for Q3 FY26, marking a 23.6% YoY increase, though this was significantly bolstered by a net exceptional gain of ₹1,166.38 crore. Core operational performance showed signs of stress as Profit Before Exceptional Items actually declined by 4.1% YoY to ₹4,771.63 crore. A significant concern for investors is the sharp 77.7% YoY spike in impairment charges (provisions), which rose to ₹3,568.92 crore. While total revenue from operations grew by 17.5% YoY to ₹18,067.89 crore, rising finance costs and credit costs are weighing on the bottom line.
Key Highlights
Standalone PAT grew 23.6% YoY to ₹4,580.52 crore, including a ₹1,416.38 crore gain from a subsidiary stake sale.
Impairment on financial instruments (provisions) surged 77.7% YoY to ₹3,568.92 crore from ₹2,007.98 crore.
Total revenue from operations increased 17.5% YoY to ₹18,067.89 crore, driven by higher interest and fee income.
Profit before exceptional items and tax declined 4.1% YoY to ₹4,771.63 crore, indicating core margin pressure.
Finance costs rose 14.4% YoY to ₹5,464.19 crore, reflecting higher borrowing costs in the current environment.
💼 Action for Investors
Investors should look beyond the headline PAT growth as it was driven by a one-time subsidiary stake sale; the core operational profit decline and sharp rise in provisions warrant caution. Monitor management commentary on asset quality and credit cost guidance for the upcoming quarters.
Bajaj Finance Allots NCDs Worth ₹5,120 Crore at 7.65% Coupon
Bajaj Finance has successfully allotted 5,12,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis to raise ₹5,120 crore. The instruments carry a competitive coupon rate of 7.65% per annum with a long-term tenure of 10 years (3,650 days). The redemption is structured in a staggered manner, with 20% of the face value being repaid in 2034, 20% in 2035, and the remaining 60% in 2036. This fundraise strengthens the company's liquidity position and provides long-term capital to support its lending book growth.
Key Highlights
Total fundraise of ₹5,120 crore through the allotment of 5,12,000 NCDs at ₹1 lakh face value each
Fixed coupon rate of 7.65% p.a. with annual interest payments starting January 2027
Long-term tenure of 10 years with a staggered redemption schedule (20:20:60 ratio)
Secured by a first pari passu charge on book debts and loan receivables with 1.10x security cover
Debentures to be listed on the Wholesale Debt Market Segment of BSE Limited
💼 Action for Investors
The successful large-scale fundraise at a stable interest rate reflects strong institutional confidence in Bajaj Finance's credit profile. Long-term investors should view this as a positive move to lock in capital for future AUM expansion.
Bajaj Finance Q3 FY26 Update: AUM Grows 22% YoY to ₹4.86 Lakh Crore
Bajaj Finance reported a strong 22% YoY growth in Assets Under Management (AUM), reaching approximately ₹485,900 crore as of December 31, 2025. The customer franchise expanded significantly to 115.40 million, adding 4.76 million new customers in the third quarter alone. New loans booked saw a 15% increase to 13.90 million compared to the previous year. While AUM and customer base show robust growth, the deposit book saw a more modest increase to ₹71,000 crore.
Key Highlights
Assets Under Management (AUM) grew by 22% YoY to approximately ₹485,900 crore.
Customer franchise increased to 115.40 million, with 4.76 million additions in Q3 FY26.
New loans booked grew by 15% YoY to 13.90 million in the current quarter.
Deposits book stood at approximately ₹71,000 crore as of December 31, 2025.
💼 Action for Investors
The robust 22% AUM growth and strong customer acquisition indicate continued market leadership; investors should maintain a positive outlook while awaiting full quarterly results for margin details.
Bajaj Finance targets ₹5 lakh crore AUM in FY26; customer franchise hits 110.6 million
Bajaj Finance is transitioning to a 'FINAI' (Finance + AI) model, aiming for a fully AI-integrated ecosystem by FY28. The company is on track to cross ₹5 lakh crore AUM in FY26, supported by a massive customer base of 110.6 million as of H1 FY26. Recent performance shows strong momentum in high-growth segments like Gold Loans (97% AUM growth) and Auto Loans (60% AUM growth). Management expects to maintain a compounding rate of 17-19% while leveraging deep tech to drive non-linear growth through its Long Range Strategy (LRS) 2026-30.
Key Highlights
AUM reached ₹4.62 lakh crore in H1 FY26, with a clear target to exceed ₹5 lakh crore by the end of FY26.
Gold Loan AUM surged 97% to ₹16,340 crore, positioning the company as the 5th largest player in the market.
AI-driven personal loan disbursals are projected to reach ₹5,300 crore via voice bots in FY26 with 68% email resolution by AI agents.
Historical 18-year Profit After Tax (PAT) CAGR stands at 48%, with FY25 profit reaching ₹16,779 crore.
Customer franchise grew to 110.6 million with a significant cross-sell base of 71.3 million customers.
💼 Action for Investors
Investors should view the aggressive AI integration and successful diversification into Gold and Auto loans as key long-term competitive advantages. The stock remains a strong candidate for long-term portfolios given its consistent 17-19% growth guidance and robust historical track record.
Bajaj Finance sells 1.9994% stake in Bajaj Housing Finance for ₹1,587.82 crore
Bajaj Finance Limited has sold 166,600,000 equity shares of its subsidiary, Bajaj Housing Finance Limited (BHFL), in the open market for approximately ₹1,587.82 crore. This sale represents 1.9994% of BHFL's paid-up equity share capital and was executed at ₹95.3074 per share. The sale is a step towards achieving Minimum Public Shareholding requirements in BHFL. Following this transaction, Bajaj Finance's shareholding in BHFL stands at 86.7032%.
Key Highlights
Sold 166,600,000 equity shares of BHFL
Sale consideration of approximately ₹1,587.82 crore
Sale price of ₹95.3074 per equity share
Represents 1.9994% of BHFL’s paid-up equity share capital
Bajaj Finance's shareholding in BHFL now at 86.7032%
💼 Action for Investors
Investors should note this sale is to comply with regulatory requirements for minimum public shareholding. Monitor BHFL's future performance and Bajaj Finance's strategic moves regarding its subsidiary.