Bajaj Finance earnings calls.

Bajaj Finance delivered an exceptional Q1 FY27Current reported value: exceptional Q1 FY27. No comparable prior figure is available in the source record. with record AUM addition of Rs 37,000 crore, 5 million new customer additions, and 28Current reported value: 28. No comparable prior figure is available in the source record.% PAT growth despite ongoing DHFL dilution concerns. ROE crossed 20.4%Current reported value: 20.4%. No comparable prior figure is available in the source record. with ROA at 4.7%, demonstrating strong operational leverage. Gold loan business surged 112% YoYCurrent reported value: 112% YoY. No comparable prior figure is available in the source record. to 4% of AUM with 1,700 branches adding 110 new branches monthly targeting 2,800 branches by year-end. Consumer finance segments showed robust growth—rural at 49% and urban at 38%—with ~20% organic growth and ~20% from SKU price increases. Credit quality improved significantly with loan loss ratio at 1.54%Current reported value: 1.54%. No comparable prior figure is available in the source record. (vs 1.87% YoY) though management created a Rs 296 crore macro overlay for geopolitical and monsoon uncertainty. AI transformation is accelerating with 230→400 headcount expansion, 45 million customer interactions analyzed, and Rs 517 croreCurrent Rs 517 crore. Reported change: AI-driven incremental. in additional disbursements from AI-driven insights. Management signaled potential guidance revision after Q2, noting they are "much better than guidance given in March" but awaiting sustained momentum. Risks include margin moderation guidance of 10-15 bps, MSME segment still in pruning mode until Q3, and elevated competitive intensity across all lending verticals.