BAJFINANCE Q1 FY27 Guidance vs Delivery (BAJFINANCE Management Mirror)

FY27 AUM Growth Guidance Reaffirmed at 22%-24% Following Record Rs 37,000 Crore Addition in Q1 FY27

Management has consistently navigated AUM growth expectations amid conscious risk-pruning. In the Sep'25 Qtr concall, FY26 AUM growth guidance was lowered to 22%-23% from an earlier Jan'25 assessment of 24%-25% due to MSME risk actions. By the Dec'25 Qtr concall, management noted FY26 AUM growth was expected to gravitate between 22% and 23%, but was more likely to end at 22%. In the Jun'26 Qtr concall, the company initiated and reaffirmed its FY27 AUM growth corridor guidance of 22% to 24%, stating it will wait for Q2 FY27 results before considering any upward revisions, following a reported record AUM growth of 37,000 crores in Q1 FY27.