Bajaj Finance Financial Statements

Name: Bajaj Finance Financials — historical data
Creator: StockeZee

For Mar 2026, Bajaj Finance reported net profit of ₹19,017 crore. Return on equity stands at 18.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Profit after tax: ₹19,017 Cr
EPS: ₹30.56
Latest year: Mar 2026
Years reported: 9

Bajaj Finance profit & loss

Reported annual performance for Bajaj Finance, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Bajaj Finance annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Interest Earned	0	16,349	22,970	23,303	27,270	35,550	48,307	61,164	72,776
Other Income	24	17	12	15	8	8	13	41	7
Fees & Commission Income	0	1,682	2,591	2,452	3,067	4,343	5,267	5,983	7,754
Total Income	13,466	18,502	26,386	26,683	31,640	41,406	54,983	69,725	81,990
Net Interest Income	—	16,349	22,970	23,303	27,270	35,550	48,307	61,164	72,776
Profit Before Tax (PBT)	4,096	6,179	7,322	5,992	9,504	15,526	19,302	22,062	25,800
Tax Expense	1,422	2,184	2,058	1,572	2,476	4,020	4,858	5,300	6,484
Current Tax	1,439	2,086	2,205	1,660	2,497	3,998	4,958	5,390	6,874
Deferred Tax	-17	98	-147	-88	-22	22	-99	-90	-390
Effective Tax %	34.72%	35.35%	28.11%	26.24%	26.05%	25.89%	25.17%	24.02%	25.13%
Total Profit for Period	2,674	3,995	5,264	4,420	7,028	11,508	14,451	16,779	19,332
Less: Non-controlling Interests	0	0	0	0	0	0	0	142	315
Net Profit (Owner's PAT)	2,674	3,995	5,264	4,420	7,028	11,508	14,451	16,638	19,017
PAT Growth YoY %	—	49.4%	31.76%	-16.03%	59.02%	63.74%	25.58%	15.13%	14.3%
Earnings Per Share (EPS)	₹4.63	₹6.91	₹8.75	₹7.33	₹11.61	₹19.01	₹23.35	₹26.77	₹30.56
Diluted Shares Outstanding (Cr.)	578	578	602	603	605	605	619	621	622
Profit/Loss from Associates	0	0	0	0	0	2	8	18	16
Other Comprehensive Income (Net of Tax)	0	-0	-115	-57	34	-23	90	-67	-61
Fees & Commission Expense	0	713	1,056	1,246	1,746	1,891	1,932	2,598	3,658
Impairment On Financial Instruments	0	1,501	3,929	5,969	4,803	3,190	4,631	7,966	9,482
Net Gain Fair Value Changes	0	298	537	591	328	334	308	539	471
Other Revenue From Operations	0	88	151	164	893	1,132	1,037	1,971	965
Revenue Sale Of Services	0	69	124	158	75	38	50	27	16

Bajaj Finance balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Bajaj Finance annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	19,697	32,328	36,918	43,713	54,372	76,695	98,937	1,16,986
Equity Share Capital	115	120	120	121	121	124	124	622
Reserves & Surplus	19,582	32,208	36,798	43,592	54,251	76,572	96,569	1,13,377
Total Equity	19,697	32,328	36,918	43,713	54,372	76,695	98,937	1,16,986
Total Banking Liabilities	13,193	21,427	25,803	30,800	44,666	60,151	71,403	68,533
Deposits	13,193	21,427	25,803	30,800	44,666	60,151	71,403	68,533
Non-Current Liabilities	90,476	1,09,618	1,07,378	1,36,242	1,73,956	2,35,956	2,92,840	3,70,834
Long-term Borrowings	37,574	54,700	47,441	54,364	81,549	1,11,617	1,32,102	1,70,643
Non-Current Provisions	74	81	138	167	270	422	514	749
Current Liabilities	14,059	22,446	27,230	32,551	46,900	63,090	74,350	72,133
Trade Payables	844	960	1,109	1,511	2,091	2,829	2,809	3,278
Current Tax Liabilities	22	59	180	100	139	109	101	260
Derivative Financial Liabilities	—	—	138	140	4	2	37	62
Additional Liability Fields	50,820	53,679	58,401	80,069	90,476	1,21,577	1,57,743	1,95,937
Debt Securities	46,681	49,537	54,502	76,223	86,845	1,18,000	1,54,640	1,93,132
Sub Liabilities	4,139	4,142	3,899	3,846	3,630	3,578	3,104	2,805
Total Liabilities	1,04,535	1,32,064	1,34,608	1,68,793	2,20,857	2,99,046	3,67,190	4,42,967
Total Non-Current Assets	1,22,929	1,61,668	1,68,084	2,07,269	2,69,294	3,63,065	4,49,939	5,39,668
Property, Plant & Equipment (PPE)	527	1,097	1,042	1,283	1,677	2,358	2,689	2,851
Capital Work-in-Progress	—	—	7	13	15	25	27	62
Intangible Assets	165	220	271	430	628	888	1,088	1,092
Non-Current Investments	8,599	17,544	18,397	12,246	22,752	30,881	34,441	30,578
Loans – Non-Current	1,12,513	1,41,376	1,46,687	1,91,423	2,42,269	3,26,293	4,07,844	4,98,944
Net Fixed Assets	692	1,318	1,320	1,726	2,319	3,272	3,804	4,005
Total Current Assets	1,304	2,724	3,443	5,236	5,935	12,676	16,188	20,285
Trade Receivables	805	952	1,107	1,266	1,300	1,733	1,913	1,908
Cash & Cash Equivalents	347	1,345	1,861	3,407	1,551	4,035	3,642	1,897
Current Tax Assets	150	217	160	168	181	291	481	230
Derivative Financial Assets	—	172	—	122	149	28	251	2,392
Net Working Capital	-12,755	-19,722	-23,787	-27,314	-40,966	-50,414	-58,162	-51,848
Additional Asset Fields	669	850	946	951	937	1,017	3,385	4,547
Def Tax Assets	669	850	946	951	937	1,017	1,141	1,560
Non Controlling Int	—	—	—	—	—	—	2,244	2,987
Total Assets	1,24,233	1,64,391	1,71,527	2,12,505	2,75,229	3,75,742	4,66,127	5,59,952
Total Borrowings	37,574	54,700	47,441	54,364	81,549	1,11,617	1,32,102	1,70,643
Net Debt	37,227	53,356	45,580	50,956	79,999	1,07,583	1,28,460	1,68,746
Debt to Equity (x)	1.91	1.69	1.29	1.24	1.5	1.46	1.34	1.46
Current Ratio (x)	0.09	0.12	0.13	0.16	0.13	0.2	0.22	0.28

Bajaj Finance cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Bajaj Finance annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	-37,029	-42,140	-72,760	-68,154	-65,790
Profit Before Tax	9,504	15,526	19,302	22,062	25,800
Depreciation & Amortisation	385	485	683	881	1,009
Finance Costs	9,748	12,560	18,725	24,771	28,666
Working Capital Changes	-50,126	-56,250	-91,504	-94,170	-99,260
Tax Paid	-2,586	-3,972	-5,098	-5,948	-6,461
Net Cash from Investing Activities	6,347	-10,365	-7,171	-2,765	-3,389
Purchase of PPE	-376	-483	-604	-584	-560
Sale of Fixed Assets	19	20	39	36	65
Interest Received	401	635	944	0	0
Net Cash from Financing Activities	32,240	50,675	82,415	70,527	67,433
Proceeds from Borrowings	45,881	88,341	1,09,450	1,04,282	1,25,221
Repayment of Borrowings	-17,890	-36,474	-34,376	-39,027	-55,885
Interest Paid	0	0	0	0	0
Dividend Paid	-603	-1,207	-1,815	-2,225	-3,477
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-106	0	-174	-215	-243
Net Change in Cash	1,558	-1,831	2,484	-392	-1,746
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	-37,404	-42,623	-73,364	-68,739	-66,350
CFO / PBT (x)	-3.9	-2.71	-3.77	-3.09	-2.55

Bajaj Finance key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Bajaj Finance trades at a P/E of 34.56× against a sector median of 16.36× — a 111% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

Bajaj Finance valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	34.56
Forward P/E	Valuation	19.74
P/B	Valuation	5.76
PEG (TTM)	Valuation	1.04
EV / EBITDA (TTM)	Valuation	20.89
P/S (TTM)	Valuation	14.91
Operating margin	Profitability	68.3%
Net margin (TTM)	Profitability	37.88%
Return on equity	Return ratios	18.2%
Return on capital employed	Return ratios	10.9%
Return on assets	Return ratios	3.77%
Debt to equity	Leverage & liquidity	3.82
Beta	Leverage & liquidity	1.24
EPS (TTM)	Per share	₹30.47
Book value	Per share	₹183.34
Revenue / share (TTM)	Per share	₹80.74
Cash flow / share	Per share	₹-105.81
Dividend yield	Shareholder returns	0.51%
Dividend payout (TTM)	Shareholder returns	38.02%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Bajaj Finance: frequently asked questions

Is Bajaj Finance profitable?

Bajaj Finance reported a net profit of ₹19,017 crore in Mar 2026, up 14.3% on the previous financial year.

What is Bajaj Finance's EPS?

Bajaj Finance reported earnings per share of ₹30.56 for Mar 2026.

What is Bajaj Finance's return on equity?

Bajaj Finance's return on equity stands at 18.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of Bajaj Finance financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Bajaj Finance Ltd (BAJFINANCE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.