Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bajaj Finance Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 11,364 | 12,498 | 13,382 | 14,164 | 14,926 | 16,100 | 17,091 | 18,035 | 18,294 | 19,524 | 20,179 | 21,013 | 21,606 |
| Interest | 3,592 | 4,103 | 4,537 | 4,868 | 5,217 | 5,684 | 6,149 | 6,386 | 6,551 | 6,918 | 7,011 | 7,339 | 7,398 |
| Expenses + | 3,382 | 3,693 | 3,931 | 4,229 | 4,420 | 4,956 | 5,338 | 5,691 | 5,865 | 5,992 | 6,307 | 7,737 | 6,553 |
| Financing Profit | 4,390 | 4,703 | 4,914 | 5,066 | 5,289 | 5,460 | 5,604 | 5,958 | 5,879 | 6,614 | 6,861 | 5,937 | 7,654 |
| Financing Margin % | 39% | 38% | 37% | 36% | 35% | 34% | 33% | 33% | 32% | 34% | 34% | 28% | 35% |
| Other Income + | 5 | 5 | 2 | 5 | 9 | 5 | 7 | 26 | 21 | 5 | 5 | -262 | 11 |
| Depreciation | 134 | 156 | 159 | 176 | 193 | 200 | 210 | 219 | 252 | 251 | 258 | 244 | 256 |
| Profit before tax | 4,261 | 4,551 | 4,758 | 4,896 | 5,105 | 5,265 | 5,401 | 5,765 | 5,647 | 6,368 | 6,608 | 5,431 | 7,410 |
| Tax % | 26% | 24% | 25% | 26% | 25% | 26% | 26% | 25% | 20% | 25% | 25% | 25% | 25% |
| Net Profit + | 3,158 | 3,437 | 3,551 | 3,639 | 3,825 | 3,912 | 4,014 | 4,308 | 4,546 | 4,765 | 4,948 | 4,066 | 5,553 |
| EPS in Rs | 5.22 | 5.67 | 5.86 | 5.89 | 6.18 | 6.32 | 6.46 | 6.86 | 7.21 | 7.56 | 7.84 | 6.39 | 8.78 |
| Gross NPA % | 0.94% | 0.87% | 0.91% | 0.95% | 0.85% | 0.86% | 1.06% | 1.12% | 0.96% | 1.03% | 1.24% | 1.21% | 1.01% |
| Net NPA % | 0.34% | 0.31% | 0.31% | 0.37% | 0.37% | 0.38% | 0.46% | 0.48% | 0.44% | 0.50% | 0.60% | 0.47% | 0.41% |
Financials of Bajaj Finance Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 5,392 | 7,299 | 9,970 | 12,746 | 18,487 | 26,375 | 26,673 | 31,633 | 41,411 | 54,974 | 69,709 | 81,982 |
| Interest | 2,274 | 2,959 | 3,853 | 4,696 | 6,723 | 9,608 | 9,519 | 9,848 | 12,701 | 18,886 | 24,992 | 28,666 |
| Expenses + | 1,752 | 2,354 | 3,250 | 4,115 | 5,454 | 9,159 | 10,839 | 11,880 | 12,693 | 16,099 | 21,754 | 26,249 |
| Financing Profit | 1,367 | 1,986 | 2,867 | 3,935 | 6,310 | 7,609 | 6,314 | 9,905 | 16,018 | 19,989 | 22,963 | 27,067 |
| Financing Margin % | 25% | 27% | 29% | 31% | 34% | 29% | 24% | 31% | 39% | 36% | 33% | 33% |
| Other Income + | 26 | 35 | 22 | 10 | 13 | 8 | 3 | -17 | -5 | 4 | -2 | -242 |
| Depreciation | 36 | 56 | 71 | 102 | 144 | 295 | 325 | 385 | 485 | 683 | 881 | 1,009 |
| Profit before tax | 1,357 | 1,965 | 2,817 | 3,843 | 6,179 | 7,322 | 5,992 | 9,504 | 15,528 | 19,310 | 22,080 | 25,817 |
| Tax % | 34% | 35% | 35% | 35% | 35% | 28% | 26% | 26% | 26% | 25% | 24% | 25% |
| Net Profit + | 898 | 1,279 | 1,836 | 2,496 | 3,995 | 5,264 | 4,420 | 7,028 | 11,508 | 14,451 | 16,779 | 19,332 |
| EPS in Rs | 1.79 | 2.37 | 3.34 | 4.32 | 6.91 | 8.75 | 7.33 | 11.61 | 19.01 | 23.35 | 26.77 | 30.56 |
| Dividend Payout % | 10% | 10% | 11% | 9% | 9% | 11% | 14% | 17% | 16% | 15% | 21% | 20% |
Financials of Bajaj Finance Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 54 | 109 | 115 | 115 | 120 | 120 | 121 | 121 | 124 | 124 | 622 |
| Reserves | 4,750 | 7,373 | 9,491 | 15,733 | 19,582 | 32,208 | 36,798 | 43,592 | 54,251 | 76,572 | 96,569 | 113,377 |
| Borrowing | 26,655 | 37,025 | 49,250 | 66,557 | 101,588 | 129,806 | 131,634 | 165,232 | 216,690 | 293,346 | 361,249 | 435,112 |
| Other Liabilities + | 1,325 | 2,522 | 4,881 | 2,393 | 2,948 | 2,257 | 2,918 | 3,561 | 4,164 | 5,700 | 8,185 | 10,841 |
| Total Liabilities | 32,780 | 46,973 | 63,731 | 84,798 | 124,233 | 164,391 | 171,470 | 212,505 | 275,226 | 375,742 | 466,127 | 559,952 |
| Fixed Assets + | 252 | 290 | 366 | 470 | 695 | 1,321 | 1,316 | 1,716 | 2,308 | 3,250 | 3,780 | 4,004 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 51 | 34 | 80 | 43 | 41 | 62 |
| Investments | 326 | 1,029 | 4,070 | 3,139 | 8,599 | 17,544 | 18,397 | 12,246 | 22,752 | 30,881 | 34,441 | 30,578 |
| Other Assets + | 32,201 | 45,654 | 59,295 | 81,189 | 114,939 | 145,526 | 151,707 | 198,509 | 250,087 | 341,568 | 427,865 | 525,309 |
| Total Assets | 32,780 | 46,973 | 63,731 | 84,798 | 124,233 | 164,391 | 171,470 | 212,505 | 275,226 | 375,742 | 466,127 | 559,952 |
Financials of Bajaj Finance Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -7,064 | -9,870 | -10,439 | -20,566 | -29,062 | -24,412 | -807 | -37,090 | -42,112 | -69,843 | -68,154 | -65,790 |
| Cash from Investing Activity + | -360 | -687 | -3,047 | 1,075 | -5,379 | -8,758 | -429 | 6,347 | -10,394 | -10,088 | -2,765 | -3,389 |
| Cash from Financing Activity + | 6,867 | 11,656 | 12,513 | 19,503 | 34,449 | 34,167 | 1,741 | 32,275 | 50,675 | 82,415 | 70,527 | 67,433 |
| Net Cash Flow | -557 | 1,100 | -972 | 13 | 9 | 998 | 505 | 1,532 | -1,831 | 2,484 | -392 | -1,746 |
| Free Cash Flow | -7,129 | -9,964 | -10,587 | -20,700 | -29,428 | -24,912 | -1,105 | -37,705 | -42,970 | -70,842 | -69,200 | -66,686 |
| CFO/OP | -181% | -185% | -140% | -221% | -206% | -129% | 4% | -175% | -133% | -167% | -130% | -106% |
Financials of Bajaj Finance Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 19% | 21% | 22% | 20% | 22% | 20% | 13% | 17% | 23% | 22% | 19% | 18% |