Mumbai: Non-bank finance company Bajaj Finance reported a consolidated net profit of ₹5,464.6 crore for the quarter ended March 31, a 22% increase from the same time last year. The increase can be attributed to an increase in net interest income amid strong loan growth and stable asset quality. Its net interest income increased 20% on a year-on-year basis to ₹11,781 crore, while its assets under management (AUM) grew 22% and stood at ₹5.09 lakh crore as of Q4FY26, from ₹4.16 lakh crore at the same time last year. On the asset quality front, Gross NPA was at 1.01% in Q4FY26, versus 0.96% in Q4FY25.
Rajiv Bajaj to step down from Bajaj Finance board
The company in a separate exchange filing also announced that Rajiv Bajaj, managing director of automaker Bajaj Auto, will step down from Bajaj Finance’s board, ending his long-standing association with the lender.Bajaj will not seek re-election at the lender’s annual general meeting on July 30, and will cease to be a non-executive director, according to the filing.
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