Bajaj Finance Ltd (BAJFINANCE) Q4FY26 Management Mirror - Mar-2026 Qtr
AUM & Portfolio Growth
Management introduced FY27 consolidated AUM growth guidance of 20% to 24%, entirely contingent on macro stability and easing geopolitical tensions, with gold loans projected to exceed 5% of AUM by Mar'27. Previously, FY26 AUM growth was downgraded to 22% to 23% in the Sep'25 Qtr and maintained in the Dec'25 Qtr. MSME growth expectations moderated sequentially, shifting from a targeted 20% recovery by Sep'26 in the Dec'25 Qtr to a double-digit recovery expected between Sep'26 and Dec'26 in the Mar'26 Qtr, while the captive 2W/3W book will wind down below 1,500 crores by Sep'26. [Status: Initiated]
4 more themes on the ELITE plan.