Bajaj Finance (BAJFINANCE) reports a strong Q4 & FY26! **Business Performance:** AUM crossed ₹5 lakh crore, reaching ₹509,975 Cr, up 22% YoY.

New loans booked rose 20% in Q4 to 12.89 million, totaling 52.45 million for FY26. PAT (pre-one-time adjustments) surged 27% in Q4 to ₹5,660 Cr, and 24% for FY26 to ₹20,689 Cr.

Customer base grew to 119.33 million. **Growth Drivers/Strategy:** FINAI transformation is rapidly deploying AI use cases to boost revenue, cut costs, and improve productivity.

Strategic branch expansion continues for Gold Loan and Microfinance segments. **Recent Developments:** Accelerated AI implementation across operations is showing early cost and productivity benefits.

The company added 46 new locations and 1.6K distribution points in Q4. **Key Financial Metrics:** Full-year FY26 ROE (pre-one-time adjustments) was 19.2%. GNPA/NNPA stood at 1.01%/0.41% as of March 2026, remaining below long-term targets.

The Board has proposed a final dividend of ₹6.00 per share for FY26. **Management Outlook:** Expects FY27 AUM growth of 22-24% and plans to add 15-17 million customers.

Foresees marginal NIM moderation but is optimistic about profit growth.

Credit costs are projected to be 1.45%-1.60%.