Mumbai, Nov. 11 -- Bajaj Finance cut its AUM growth guidance owing to slower growth in the mortgage and SME segments. The company now expects SME growth to range between 10% and 12%, while MSME growth is projected to bottom out in the first quarter of the next financial year. The management also expects credit costs to remain at the higher end of the 1.85%-1.95% guidance range, with improvement anticipated from the next financial year. Elevated credit costs have led Bajaj Finance to reduce its unsecured MSME volumes by 25%.

Bajaj Finance reported a 21.89% jump in consolidated net profit to Rs 4,875.36 crore on an 18.04% rise in total income to Rs 20,180.76 crore in Q2 FY26 over Q2 FY25.

The consolidated results of Bajaj Finance include ...