BAJAJHFL Q2 FY27 Guidance vs Delivery (BAJAJHFL Management Mirror)

H1 FY27 AUM Growth Delivers 25%, Exceeding the 21% to 23% FY27 Guidance Reaffirmed in Sep'26 Qtr

In the Sep'26 Qtr concall, management reported that total AUM reached 1.58 lakh crore, reflecting a 25% YoY growth, with H1 FY27 annualized ROA standing at 2.2%. Against the full-year FY27 AUM growth guidance of 21% to 23% and ROA range of 2.1% to 2.3% initially guided in the Mar'26 Qtr and reaffirmed in the Jun'26 Qtr, management reaffirmed these full-year estimates, choosing not to revise them upward despite the strong H1 FY27 delivery. Looking ahead, management expects to hold this steady trajectory, citing potential competitive pressure on prime acquisition pricing and balance-transfer attrition risks.