Bajaj Finance Q2 Results: Stock at 52-week high ahead of earnings; FY26 guidance in focus

Shares of Bajaj Finance are trading near their highest level in a year ahead of their September quarter results that will be reported later in the day on Monday, November 10.

According to a CNBC-TV18 poll, Bajaj Finance's Net Interest Income (NII) or core income is likely to grow by 22% from last year to ₹10,786 crore. Its net profit is likely to grow by 24% from the year-ago period to ₹4,886 crore.

Provisions are likely to increase by 6.5% on a sequential basis to ₹2,257 crore. Its asset quality, Net Interest Margins (NIMs) and the company's outlook for the rest of the year that the street will keenly be watching out for.

As per CNBC-TV18 calculations, Bajaj Finance's NIMs are likely to increase by 9 basis points from the June quarter to 9.62% from 9.53%, while credit costs are likely to remain stable sequentially at around 2%.

In its business update for the September quarter shared earlier this month, Bajaj Finance's customer franchise stood at 110.64 million compared to 92.09 million last year. The customer franchise in the September quarter had increased by 4.13 million.

New loans booked during the quarter grew by 26% from the same quarter last year to 12.17 million.

Bajaj Finance's Assets Under Management (AUM) grew by 24% from the year-ago period to ₹4,62,250 crore, growing by nearly ₹21,000 crore during the September quarter.

The company's deposit book stood at nearly ₹69,750 crore, compared to ₹66,131 crore last year.

Shares of Bajaj Finance are trading 1.3% higher on Monday ahead of the results announcement at ₹1,080. The stock is near its 52-week high level of ₹1,102.