Bajaj Finance gains on strong asset growth

Bajaj Finance shares experienced a 3.4% increase on Monday following the non-bank lender's strong performance in the September quarter, driven by a significant rise in assets under management (AUM). As of September 30, Bajaj Finance's AUM grew by 26.5% to approximately 584,750 crore Indian rupees, up from 462,261 crore rupees a year earlier, according to a stock exchange filing.

The loan book expanded by around 37,800 crore rupees during the second quarter of fiscal 2027. The company added 13.45 million new loans during the quarter, representing an 11% increase from 12.17 million loans in the previous year. Notably, the year-on-year comparison was influenced by the earlier commencement of the festival season in the prior year.

Bajaj Finance's customer base expanded to 128.85 million, up from 110.64 million a year earlier, resulting in a 4.42 million customer gain during the quarter. By the end of September, deposits amounted to about 69,750 crore rupees.