India's Bajaj Finance slips as quarterly update fails to impress

Bajaj Finance

05/01/2026 08:14

** Shares of non-banking financial co Bajaj Finance BJFN fall 1% to 979 rupees

** Co in a business update says asset under management (AUM) grew by 22% as of December 31 to 4.86 trillion rupees ($53.83 billion)

** BJFN says its customer franchise as of December 31 stood at 115.40 million, up ~19% Y/Y

** New loans booked grew by 15% in Q3 FY26, co says

** Brokerage Jefferies says AUM growth moderated at the lower end of guidance shared during last qtr due to slower growth in housing, run-down of captive 2W/3W and SME loans

** Loan growth moderates as guided in Sep qtr - Jefferies

** Brokerage says co stays among top picks; has a "buy" rating on co with PT at 1,270 rupees

** BJFN rated "hold" on avg by 33 analysts covering it; median PT at 1,095 rupees - data compiled by LSEG

** BJFN gained 44% in 2025

($1 = 90.2663 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))