Income Statement Bajaj Finance Limited NSE India S.E.

Stocks

BAJFINANCE

INE296A01024

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 04:35:07 16/07/2026 pm IST			5-day change	1st Jan Change
1,037.60 ^INR	+1.60%		+3.37%	+5.15%

07/07	Bajaj Finance Limited Recommends Special Payout for the Financial Year Ended 31 March 2026, Payable on or About 3 August 2026	CI
06/07	Bajaj Finance Raises INR53.1 Billion Through Debenture Allotment	MT

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Published financial data: BAJAJ FINANCE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Interest and Dividend Income, Total	27TCr	36TCr	48TCr	61TCr	73TCr
Interest Expense, Total	9.75TCr	13TCr	19TCr	25TCr	29TCr
Net Interest Income	18TCr	23TCr	30TCr	36TCr	44TCr
Commission and Fees	3.07TCr	4.34TCr	5.27TCr	5.98TCr	7.75TCr
Gain (Loss) on Sale of Loans & Receivables	-	23Cr	13Cr	552.04Cr	465.46Cr
Gain (Loss) on Sale of Investments, Total (Rev)	11Cr	-23Cr	-	486.77Cr	355.19Cr
Other Revenues, Total	1.29TCr	1.51TCr	1.4TCr	1.47TCr	611.6Cr
Revenues Before Provison For Loan Losses	22TCr	29TCr	36TCr	45TCr	53TCr
Provision For Loan Losses	4.8TCr	3.14TCr	4.63TCr	7.91TCr	9.39TCr
Total Revenues	17TCr	26TCr	32TCr	37TCr	44TCr
Salaries And Other Employee Benefits	3.59TCr	5.06TCr	6.4TCr	7.53TCr	9.01TCr
Cost of Services Provided, Total	2.03TCr	2.25TCr	1.93TCr	3.08TCr	4.13TCr
Depreciation & Amortization - (IS) - (Collected)	384.57Cr	485.38Cr	683.32Cr	880.99Cr	1.01TCr
Other Operating Expenses	1.56TCr	2.37TCr	3.31TCr	3.44TCr	3.71TCr
Total Operating Expenses	7.56TCr	10TCr	12TCr	15TCr	18TCr
Operating Income	9.53TCr	16TCr	19TCr	22TCr	26TCr
Income (Loss) on Equity Invest.	-	1.67Cr	7.64Cr	18Cr	16Cr
Currency Exchange Gains (Loss)	39L	-	-	-	-
Other Non Operating Income (Expenses)	10L	30L	-	26Cr	2.74Cr
EBT, Excl. Unusual Items	9.53TCr	16TCr	19TCr	22TCr	26TCr
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-25Cr	-13Cr	-	-36Cr	-18Cr
Other Unusual Items	-	-	-	-	-265.22Cr
EBT, Incl. Unusual Items	9.5TCr	16TCr	19TCr	22TCr	26TCr
Income Tax Expense	2.48TCr	4.02TCr	4.86TCr	5.3TCr	6.48TCr
Earnings From Continuing Operations	7.03TCr	12TCr	14TCr	17TCr	19TCr
Net Income to Company	7.03TCr	12TCr	14TCr	17TCr	19TCr
Minority Interest	-	-	-	-141.66Cr	-314.97Cr
Net Income - (IS)	7.03TCr	12TCr	14TCr	17TCr	19TCr
Net Income to Common Incl Extra Items	7.03TCr	12TCr	14TCr	17TCr	19TCr
Net Income to Common Excl. Extra Items	7.03TCr	12TCr	14TCr	17TCr	19TCr
Per Share Items
Net EPS - Basic	11.66	19.05	23.69	26.89	30.6
Basic EPS - Continuing Operations	11.66	19.05	23.69	26.89	30.6
Basic Weighted Average Shares Outstanding	602.57Cr	603.98Cr	610.03Cr	618.64Cr	621.41Cr
Net EPS - Diluted	11.58	18.96	23.6	26.82	30.51
Diluted EPS - Continuing Operations	11.58	18.96	23.6	26.82	30.51
Diluted Weighted Average Shares Outstanding	606.97Cr	607.04Cr	612.38Cr	620.35Cr	623.4Cr
Normalized Basic EPS	9.88	16.08	19.78	22.11	25.74
Normalized Diluted EPS	9.81	16	19.71	22.05	25.66
Dividend Per Share	2	3	3.6	4.4	5.4
Payout Ratio	8.57	10.49	12.56	13.37	18.28
Supplemental Items
Total Revenues (As Reported)	32TCr	41TCr	55TCr	70TCr	82TCr
Effective Tax Rate - (Ratio)	26.05	25.89	25.16	24	25.12
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	2.5TCr	4TCr	4.96TCr	5.39TCr	6.87TCr
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-22Cr	22Cr	-99Cr	-90Cr	-389.87Cr
Normalized Net Income	5.96TCr	9.71TCr	12TCr	14TCr	16TCr
Non-Cash Pension Expense	5.27Cr	16Cr	12Cr	30Cr	184.07Cr
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	161.03Cr	226.75Cr	-	399.07Cr	441.18Cr
Stock-Based Comp., Other (Total)	-	-	268.23Cr	-	-
Total Stock-Based Compensation	161.03Cr	226.75Cr	268.23Cr	399.07Cr	441.18Cr

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	3.41TCr	1.55TCr	4.03TCr	3.64TCr	1.9TCr
Long-Term Investments - (FS Template)	3.42TCr	2.63TCr	3.12TCr	4.3TCr	7.53TCr
Trading Asset Securities, Total	1.59TCr	6.67TCr	4.98TCr	7.01TCr	2.84TCr
Loans and Lease Receivables - (FS Template)	1,91400Cr	2,42300Cr	3,26300Cr	4,07800Cr	4,98900Cr
Other Receivables	1.67TCr	1.78TCr	2.25TCr	2.84TCr	2.72TCr
Gross Property Plant And Equipment	2.2TCr	2.82TCr	3.83TCr	4.51TCr	5.15TCr
Accumulated Depreciation	-903.71Cr	-1.13TCr	-1.44TCr	-1.8TCr	-2.24TCr
Net Property Plant And Equipment	1.3TCr	1.69TCr	2.38TCr	2.72TCr	2.91TCr
Goodwill	3.27Cr	3.27Cr	3.27Cr	3.27Cr	3.27Cr
Other Intangibles, Total	451.32Cr	693.02Cr	906.42Cr	1.1TCr	1.15TCr
Restricted Cash	-	92Cr	79Cr	139.07Cr	206.77Cr
Other Current Assets, Total	1.02TCr	3.31TCr	9.26TCr	14TCr	19TCr
Deferred Tax Assets Long-Term (Collected)	951.11Cr	937.09Cr	1.02TCr	1.14TCr	1.56TCr
Other Long-Term Assets, Total	7.28TCr	14TCr	21TCr	21TCr	21TCr
Total Assets	2,12500Cr	2,75200Cr	3,75700Cr	4,66100Cr	5,60000Cr
Liabilities
Interest Bearing Deposits	31TCr	45TCr	60TCr	71TCr	69TCr
Deposits	31TCr	45TCr	60TCr	71TCr	69TCr
Accounts Payable, Total	1.17TCr	1.45TCr	2.06TCr	1.88TCr	2.1TCr
Accrued Expenses, Total	494.31Cr	341.88Cr	501.36Cr	522.31Cr	731.01Cr
Short-Term Borrowings	14TCr	22TCr	44TCr	49TCr	59TCr
Current Portion of Long-Term Debt	37TCr	36TCr	39TCr	52TCr	63TCr
Current Portion of Leases	109.35Cr	142.81Cr	193.24Cr	228.69Cr	260.17Cr
Long-Term Debt	83TCr	1,13900Cr	1,50300Cr	1,88600Cr	2,44800Cr
Long-Term Leases	345.71Cr	444.56Cr	807.92Cr	892.5Cr	994.48Cr
Current Income Taxes Payable	100.06Cr	139.21Cr	108.64Cr	100.63Cr	260.24Cr
Unearned Revenue, Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	997.15Cr	641.57Cr	767.65Cr	935.2Cr	1.18TCr
Unearned Revenue Non Current	-	3L	1L	-	-
Pension & Other Post Retirement Benefits	142.76Cr	229.42Cr	363.42Cr	459.52Cr	630.13Cr
Other Non Current Liabilities	62Cr	770.59Cr	794.04Cr	860.79Cr	1.22TCr
Total Liabilities	1,68800Cr	2,20900Cr	2,99000Cr	3,67200Cr	4,43000Cr
Common Stock, Total	121.09Cr	121.09Cr	123.8Cr	124.29Cr	622.25Cr
Additional Paid In Capital	17TCr	17TCr	27TCr	28TCr	28TCr
Retained Earnings	26TCr	36TCr	49TCr	67TCr	84TCr
Comprehensive Income and Other	315.38Cr	471.41Cr	913.36Cr	787.62Cr	985.68Cr
Total Common Equity	44TCr	54TCr	77TCr	97TCr	1,14000Cr
Minority Interest	-	-	-	2.24TCr	2.99TCr
Total Equity	44TCr	54TCr	77TCr	99TCr	1,17000Cr
Total Liabilities And Equity	2,12500Cr	2,75200Cr	3,75700Cr	4,66100Cr	5,60000Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	603.28Cr	604.42Cr	618.01Cr	620.81Cr	621.79Cr
ECS Total Common Shares Outstanding	603.28Cr	604.42Cr	618.01Cr	620.81Cr	621.79Cr
Book Value / Share	72.46	89.96	124.1	155.75	183.34
Tangible Book Value	43TCr	54TCr	76TCr	96TCr	1,12800Cr
Tangible Book Value Per Share	71.7	88.81	122.63	153.97	181.49
Total Debt	1,35000Cr	1,72600Cr	2,34300Cr	2,91000Cr	3,68300Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	118.79Cr	181Cr	288.34Cr	407.68Cr	626.38Cr
Net Debt	1,30000Cr	1,64400Cr	2,25300Cr	2,80400Cr	3,63600Cr
Equity Method Investments, Total	-	94Cr	369.42Cr	386.81Cr	403.1Cr
Full Time Employees	35.42T	43.15T	-	64.09T	71.61T

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	7.03TCr	12TCr	14TCr	17TCr	19TCr
Depreciation, Depletion & Amortization	287.69Cr	343.36Cr	473.39Cr	603.08Cr	660.72Cr
Total Depreciation, Depletion & Amortization	287.69Cr	343.36Cr	473.39Cr	603.08Cr	660.72Cr
Amortization of Deferred Charges, Total	97Cr	142.02Cr	209.93Cr	277.91Cr	348.26Cr
Gain (Loss) on Sale of Loans & Receivables - (CF)	-	-23Cr	-13Cr	-552.04Cr	-465.46Cr
(Gain) Loss On Sale of Asset - (CF)	25Cr	13Cr	13Cr	36Cr	18Cr
(Gain) Loss on Sale of Investments - (CF)	-326.9Cr	-285.19Cr	4.32TCr	7.43TCr	-378.35Cr
Provision for Credit Losses	4.8TCr	3.14TCr	-	-	10TCr
(Income) Loss On Equity Investments - (CF)	-	-1.67Cr	-7.64Cr	-18Cr	-16Cr
Stock-Based Compensation (CF)	161.03Cr	224.41Cr	268.23Cr	393.98Cr	439.6Cr
Net (Increase) Decrease in Loans Originated / Sold - Operating	-	-	-	-	-
Change in Trading Asset Securities	-	-	-	-1.43TCr	6.21TCr
Change in Accounts Payable	286.12Cr	292.93Cr	611.91Cr	-186Cr	226.49Cr
Change in Other Net Operating Assets (Collected)	-50TCr	-57TCr	-92TCr	-93TCr	-1,05700Cr
Other Operating Activities	1.02TCr	-951.9Cr	-972.37Cr	1.21TCr	3.66TCr
Cash from Operations	-37TCr	-42TCr	-73TCr	-68TCr	-66TCr
Capital Expenditure	-375.55Cr	-482.85Cr	-603.62Cr	-584.06Cr	-560.03Cr
Sale of Property, Plant, and Equipment	19Cr	20Cr	39Cr	36Cr	65Cr
Purchase / Sale of Intangible Assets	-258.62Cr	-395.47Cr	-434.16Cr	-497.76Cr	-401.07Cr
Investment in Marketable and Equity Securities, Total	6.56TCr	-10TCr	-7.12TCr	-1.72TCr	-2.49TCr
Other Investing Activities, Total	400.58Cr	635.37Cr	943.99Cr	1.28Cr	1.14Cr
Cash from Investing	6.35TCr	-10TCr	-7.17TCr	-2.77TCr	-3.39TCr
Short Term Debt Issued, Total	4.7TCr	7.92TCr	22TCr	8.79TCr	12TCr
Long-Term Debt Issued, Total	41TCr	67TCr	73TCr	85TCr	1,13300Cr
Total Debt Issued	46TCr	75TCr	95TCr	94TCr	1,25200Cr
Long-Term Debt Repaid, Total	-18TCr	-37TCr	-35TCr	-39TCr	-52TCr
Total Debt Repaid	-18TCr	-37TCr	-35TCr	-39TCr	-52TCr
Issuance of Common Stock	172.9Cr	158.13Cr	9.07TCr	1.25TCr	435.92Cr
Common Dividends Paid	-602.63Cr	-1.21TCr	-1.81TCr	-2.23TCr	-3.48TCr
Common & Preferred Stock Dividends Paid	-602.63Cr	-1.21TCr	-1.81TCr	-2.23TCr	-3.48TCr
Other Financing Activities, Total	4.78TCr	14TCr	15TCr	17TCr	-2.38TCr
Cash from Financing	32TCr	51TCr	82TCr	71TCr	67TCr
Net Change in Cash	1.56TCr	-1.83TCr	2.48TCr	-392.05Cr	-1.75TCr
Supplemental Items
Cash Interest Paid	-	-	17TCr	22TCr	26TCr
Cash Income Tax Paid (Refund)	2.59TCr	3.97TCr	5.1TCr	5.95TCr	6.46TCr
Net Debt Issued / Repaid	28TCr	38TCr	60TCr	55TCr	73TCr

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.66	4.72	4.44	3.99	3.77
Return On Equity %	17.43	23.46	22.05	19.11	17.91
Return on Common Equity	17.43	23.46	22.05	19.19	18.05
Margin Analysis
Gross Profit Margin %	89.24	92.64	93.89	92.98	91.67
SG&A Margin	22.13	21.07	20.22	21.65	21.58
Income From Continuing Operations Margin %	41.13	44.77	45.69	45.35	44
Net Income Margin %	41.13	44.77	45.69	44.97	43.28
Net Avail. For Common Margin %	41.13	44.77	45.69	44.97	43.28
Normalized Net Income Margin	34.85	37.79	38.16	36.97	36.41
Asset Turnover
Asset Turnover	0.09	0.11	0.1	0.09	0.09
Short Term Liquidity
Current Ratio	2.34	2.42	2.36	2.47	2.69
Quick Ratio	2.33	2.39	2.3	2.39	2.59
Operating Cash Flow to Current Liabilities	-0.44	-0.4	-0.5	-0.39	-0.34
Long Term Solvency
Total Debt/Equity	308.9	317.47	305.49	294.16	314.83
Total Debt / Total Capital	75.54	76.05	75.34	74.63	75.89
LT Debt/Equity	191.25	210.36	196.97	191.51	210.14
Long-Term Debt / Total Capital	46.77	50.39	48.58	48.59	50.66
Total Liabilities / Total Assets	79.43	80.24	79.59	78.77	79.11
Tier 1 Capital Ratio %	24.75	23.2	21.51	21.09	20.67
Total Capital Ratio %	27.22	24.97	22.52	21.93	21.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.94	50.39	23.21	16.83	18.75
Gross Profit, 1 Yr. Growth %	52.7	55.34	24.89	15.69	17.09
Earnings From Cont. Operations, 1 Yr. Growth %	59.02	63.74	25.58	16.11	15.21
Net Income, 1 Yr. Growth %	59.02	63.74	25.58	15.13	14.3
Normalized Net Income, 1 Yr. Growth %	58.83	63.1	24.35	13.28	16.94
Diluted EPS Before Extra, 1 Yr. Growth %	58.62	63.72	24.48	13.65	13.76
Common Equity, 1 Yr. Growth %	18.4	24.38	41.06	26.07	17.9
Total Assets, 1 Yr. Growth %	23.93	29.52	36.52	24.06	20.13
Tangible Book Value, 1 Yr. Growth %	18.19	24.08	41.19	26.13	18.06
Cash From Operations, 1 Yr. Growth %	4.49T	13.62	72.78	-2.42	-2.95
Capital Expenditures, 1 Yr. Growth %	170.71	28.57	24.23	-3.24	-4.11
Dividend Per Share, 1 Yr. Growth %	100	50	20	22.22	22.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.73	50.68	36.03	20.06	17.79
Gross Profit, 2 Yr. CAGR %	13.55	54.41	39.18	20.28	16.39
Earnings From Cont. Operations, 2 Yr. CAGR %	15.55	61.36	43.39	20.75	15.66
Net Income, 2 Yr. CAGR %	15.55	61.36	43.39	20.24	14.72
Normalized Net Income, 2 Yr. CAGR %	14.06	60.95	42.54	18.73	15.1
Diluted EPS Before Extra, 2 Yr. CAGR %	14.02	61.15	42.76	18.94	13.71
Common Equity, 2 Yr. CAGR %	16.28	21.36	32.46	33.36	21.92
Total Assets, 2 Yr. CAGR %	13.7	26.69	32.97	30.14	22.08
Tangible Book Value, 2 Yr. CAGR %	16.08	21.1	32.36	33.45	22.03
Cash From Operations, 2 Yr. CAGR %	23.16	622.5	40.06	27.22	-2.95
Capital Expenditures, 2 Yr. CAGR %	-2.71	86.56	26.78	9.64	-3.68
Dividend Per Share, 2 Yr. CAGR %	41.42	73.21	34.16	21.11	22.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.91	25.57	40.84	29.36	19.62
Gross Profit, 3 Yr. CAGR %	11.16	26.27	43.8	30.93	19.21
Earnings From Cont. Operations, 3 Yr. CAGR %	20.72	29.79	48.42	33.65	18.88
Net Income, 3 Yr. CAGR %	20.72	29.79	48.42	33.28	18.23
Normalized Net Income, 3 Yr. CAGR %	15.55	28.5	47.65	32.06	18.13
Diluted EPS Before Extra, 3 Yr. CAGR %	18.98	28.63	47.86	32.31	17.19
Common Equity, 3 Yr. CAGR %	30.44	18.92	27.6	30.3	27.99
Total Assets, 3 Yr. CAGR %	19.59	18.74	29.89	29.93	26.71
Tangible Book Value, 3 Yr. CAGR %	30.36	18.69	27.46	30.25	28.11
Cash From Operations, 3 Yr. CAGR %	8.41	19.96	348.36	22.48	16.03
Capital Expenditures, 3 Yr. CAGR %	7.81	6.76	63.25	15.86	4.85
Dividend Per Share, 3 Yr. CAGR %	49.38	44.22	53.26	30.06	21.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.09	25.85	21.65	23.3	31.16
Gross Profit, 5 Yr. CAGR %	21.3	25.76	21.74	23.8	32.17
Earnings From Cont. Operations, 5 Yr. CAGR %	30.79	35.75	29.32	26.09	34.33
Net Income, 5 Yr. CAGR %	30.79	35.75	29.32	25.88	33.89
Normalized Net Income, 5 Yr. CAGR %	27.46	32.23	25.61	24.48	33.67
Diluted EPS Before Extra, 5 Yr. CAGR %	28.02	33.97	27.97	24.67	33.11
Common Equity, 5 Yr. CAGR %	35.41	27.96	31.24	24.5	25.29
Total Assets, 5 Yr. CAGR %	27.23	26.55	24.78	23.18	26.7
Tangible Book Value, 5 Yr. CAGR %	35.35	27.83	31.15	24.39	25.26
Cash From Operations, 5 Yr. CAGR %	28.82	15.43	20.15	22.79	141.12
Capital Expenditures, 5 Yr. CAGR %	20.29	29.04	15.03	8.04	32.19
Dividend Per Share, 5 Yr. CAGR %	40.91	49.63	43.1	34.49	40.11