Bajaj Finance Ltd. reported a strong 25% increase in assets under management (AUM) in Q1 FY26, amounting to Rs 4.41 lakh crore.
The firm's loan book expanded by 23% year-on-year, with 13.49 million loans issued in the first quarter.
Despite market challenges, including a slowdown in consumer durables sales, Bajaj Finance's AUM growth remained robust.
Jefferies maintained a 'buy' call on Bajaj Finance, citing positive outlook, strategic diversification of loan portfolio, and potential for earnings and valuation growth.