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Bajaj Finance share price jumped over 4.11% to ₹969.95 apiece on NSE in Thursday's trading session after the company posted strong financial results for the quarter ending on March 31, 2026.

The stock opened at ₹945 apiece today, as compared to previous close of ₹930 on Wednesday.

Leading NBFC Bajaj Finance on Wednesday reported a 22% year-on-year (YoY) increase in consolidated net profit at ₹5,553 crore for the fourth quarter of FY26, up from ₹4,546 crore in the same period last year.

The company’s assets under management (AUM) surpassed the ₹5 lakh crore mark, reaching ₹5.09 lakh crore as of March 2026, compared with ₹4.16 lakh crore a year earlier, reflecting a 22% growth. AUM rose by ₹25,498 crore during the quarter.

Operational performance remained robust, driven by strong customer additions and loan disbursals. Bajaj Finance booked 12.89 million new loans in the quarter, a 20% increase from 10.7 million a year ago. Its customer base expanded 17% year-on-year to 119.33 million, with 3.93 million customers added in Q4.

Asset quality stayed largely stable, with gross NPAs at 1.01% and net NPAs at 0.41% as of March-end, compared to 0.96% and 0.44%, respectively, a year earlier. Provision coverage for stage 3 assets stood at 60%.

Loan losses and provisions declined to ₹2,008 crore from ₹2,167 crore in the year-ago period, while the annualised credit cost improved to 1.65% from 2.17%, indicating stronger portfolio quality and better collections.

The Board of Directors has recommended a final dividend of ₹6 per equity share of face value of ₹ 1 each for FY26. This includes a special payout of ₹ 0.60 per equity share out of the exceptional gain on sale of BHFL shares. Previous year overall dividend was ₹5.60 per equity share of face value of ₹ 1 each, adjusted for split and bonus.

Brokerage firm JM Financial has retained its ‘buy’ rating on Bajaj Finance share price, with a revised target price of ₹1,080 per share.

“Strong franchise scale, sustained 20%+ AUM growth, sector-leading RoA/RoE, structurally lower credit cost guidance and increasing secured mix provide high earnings visibility. Continued AI-led operating efficiencies and strong provisioning buffers further improve resilience and support superior compounding over the medium term. We have broadly maintained our FY27/28E EPS estimates and maintain BUY with a revised TP of INR 1,080 (earlier INR 985), valuing the stock at 4.2x FY28 P/BV (3.8x earlier),” the firm said in a note.

On the technical outlook, Anshul Jain, Head of Research at Lakshmishree, said that Bajaj Finance has delivered a sharp 19% rally in just 11 sessions, forming a strong pole followed by an 8-day flag consolidation, indicating a classic continuation setup.

“The flag structure reflected controlled profit booking, with price holding firm near highs. Backed by robust quarterly results, the stock has now broken out with a bullish gap, signalling renewed momentum and strong participation. Price structure remains firmly positive, with expansion underway after a healthy pause. The immediate trajectory points toward the 1000 zone, which acts as a key resistance and supply area. Sustaining above the breakout zone will be critical to maintain momentum, while any gap-fill would weaken the setup,” Jain said.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.

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