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Bajaj Finance Soars to Record High on Strong Earnings
31 Jul
Summary
- Bajaj Finance's net profit rose 27% year-on-year to Rs 5,986 crore.
- Gross non-performing assets improved to 0.96%, signaling better asset quality.
- Five brokerages raised target prices, with CLSA leading at Rs 1,300.
Bajaj Finance achieved a record high for its shares on July 31, 2026, following a robust performance in the first quarter ended June 2026. The non-banking financial company reported a consolidated net profit of Rs 5,986 crore, marking a significant 27% year-on-year increase and surpassing analyst expectations.
The lender's financial health was further underscored by an improvement in asset quality, with gross non-performing assets decreasing to 0.96% and net non-performing assets declining to 0.39%. This enhanced stability, combined with a net interest income of Rs 12,571 crore, fueled investor optimism.
In response to the strong quarterly results and positive management commentary regarding future growth and profitability, at least five brokerage firms elevated their target prices. CLSA and HSBC were among those that raised their price targets to Rs 1,300 and Rs 1,270, respectively, expressing continued confidence in Bajaj Finance's outlook.
