Overview
- Bajaj Finance cut its FY26 AUM growth forecast to 22–23% from 24–25%, sending the stock down more than 7% in early trade.
- Management guided for FY26 credit costs at the upper end of 1.85–1.95% as gross NPA rose to 1.24% and net NPA to 0.60% in Q2.
- Consolidated profit at Bajaj Finance rose 23% to Rs 4,948 crore with net interest income up 22% to Rs 10,785 crore and AUM at Rs 4,62,261 crore.
- Bajaj Auto reported Q2 standalone net profit of Rs 2,480 crore on revenue of Rs 14,922 crore with EBITDA at Rs 3,052 crore and a 20.5% margin driven by exports, while brokerages flagged domestic 125cc-plus market-share losses and Motilal Oswal stayed Neutral with a Rs 9,070 target.
- EV supply issues tied to rare-earth magnets were mitigated via motor re-homologation with Chetak output recovering by September, and Bajaj Consumer Care posted a 33% profit rise to Rs 42.3 crore.