Investor Presentation for the quarter ended 30 September 2026.

19 October 2026 To To The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1. Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai - 400 051 SCRIP CODE: 500034 SCRIP CODE: BAJFINANCE – EQ Dear Sir/Madam, Sub: Investor Presentation for the quarter ended 30 September 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Presentation to be made to analyst/investor for the quarter ended 30 September 2026. Please access the live webcast of conference call scheduled to be held today i.e., 19 October 2026 at 6.00 p.m. IST at Registration| Bajaj Finance Limited Q2 FY2027 Earnings Conference Call. We request you to kindly take the same on record. Thanking you, For Bajaj Finance Limited R. Vijay Company Secretary Email ID: investor.service@bajajfinserv.in Encl.: As above https://www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor, Bajaj Finserv House, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 Corporate Office Extn.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014 Tel: +91 20 7157 6403 | Fax: +91 20 7157 6364 Corporate ID No.: L65910MH1987PLC042961 | Email ID: investor.service@bajajfinserv.in Q2 FY27 Investor Presentation 19 October 2026 Presentation Path Section 01 Section 02 Section 03 Section 04 Executive summary – Q2 FY27 Executive summary – Bajaj Finance Limited Financial performance Asset liability Q2 FY27 overview – Q2 FY27 management 3 19 34 39 Section 05 Section 06 Section 07 Section 08 Customer franchise Business segment Update on credit Omnipresence and distribution wise AUM quality summary overview reach 46 51 54 63 Click on the section to view 2 Section 01 1.1 Quarter gone by Executive summary – 1.2 Lead financial indicators Q2 FY27 Q2 FY27 Executive summary - Consolidated An excellent quarter across all key metrics of AUM, new customer addition, credit cost, profit, ROA and ROE. AUM grew by 26% to ₹ 584,624 crore. Delivered AUM addition of ₹ 37,680 crore. PBT grew by 29% to ₹ 8,537 crore. Booked 13.45 MM new loans and added 4.42 MM new customers in Q2. Customer franchise stood at 128.85 MM. AUM Opex to Net PBT PAT ROE Net NPA total income Pre-minority interest Annualised ₹ 8,537 ₹ 6,367 ₹ 584,624 33.0% 20.6% 0.42% Cr Cr Q2 FY26 Growth Growth Q2 FY26 Q2 FY26 Growth 33.1% 29% 29% 19.1% 0.60% Growth percentage, unless specified otherwise, refers to growth over the same period in last year. Lead financial indicators for Q2 FY27 – consolidated (1/4) Balance sheet and business metrics 1. AUM was up 26% to ₹ 584,624 crore as against ₹ 462,261 crore as of 30 September 2025. 2. AUM addition was ₹ 37,680 crore in Q2 FY27. 3. New loans booked grew by 11% to 13.45 MM in Q2 FY27 as against 12.17 MM in Q2 FY26 – YOY volume growth is not comparable due to early onset of festival season last year. The Company expects to disburse 60-62 MM new loans in FY27. Customer franchise and geographic footprint 4. In Q2, the Company added 4.42 MM customers to its franchise. The Company expects to add 18-20 MM new customers to its franchise in FY27. 5. Customer franchise stood at 128.85 MM as of 30 September 2026. Cross sell franchise stood at 82.36 MM. 6. In Q2, the Company added 4.1K distribution points. Geographic presence stood at 4,091 locations and active distribution points were over 254K as of 30 September 2026. The Company plans to open 150-175 new locations in FY27. 7. In Q2, the Company added 321 Gold Loan branches. BFL now has 2,022 Gold loan and 480 MFI branches. The Company expects to close FY27 with 2,700-2,800 Gold Loan branches and 520-550 MFI branches. Liquidity and cost of funds 8. Liquidity buffer stood at ₹ 19,995 crore as of 30 September 2026. 9. In Q2, cost of funds was 7.31%, improving 9 bps over Q1 FY27. 10. Deposits book stood at ₹ 69,754 crore as of 30 September 2026. It contributed to 14% of consolidated borrowings. Lead financial indicators for Q2 FY27 – consolidated (2/4) Operating efficiencies 11. Net interest income grew by 24% to ₹ 13,335 crore as against ₹ 10,785 crore in Q2 FY26. 12. Net total income grew by 23% to ₹ 15,974 crore as against ₹ 12,982 crore in Q2 FY26. 13. Opex to Net total income was 33.0% as against 33.1% in Q2 FY26. The Company expects 25-40 bps improvement in Opex to NTI in FY27 14. Full-time employee count stood at 75,845 as of 30 September 2026. The Company added 2,584 employees in Q2 FY27. Adjusted for Gold Loan and MFI, the net addition was 1,058. Employee attrition was 15.1% in Q2 FY27. 15. The Fixed Term Contract (FTC) resource count stood at 89,484 as of 30 September 2026. Credit cost 16. Loan losses and provisions in Q2 FY27 were ₹ 2,166 crore as against ₹ 2,080 crore in Q2 FY26. Q2 FY27 includes a prudent management and macro-economic provision of ₹ 337 crore. Excluding this, loan losses and provisions were ₹ 1,829 crore, a decline of 12% as against Q2 FY26. 17. Loan loss to average AUF was 1.56% in Q2 FY27 as against 1.88% in Q2 FY26. Excluding prudent management and macro- economic provision of ₹ 337 crore, it was 1.32% in Q2 FY27. 18. Stage 2 & 3 assets increased by ₹ 1,601 crore in Q2, including a ₹ 1,047 crore increase in the gold loan business due to short-tenor schemes that are no longer being offered, taking Stage 2 & 3 assets to 2.02% of loans from 1.87% in Q1 FY27. The Company does not expect impact on its credit cost from this transitional increase in gold loan stage 2. 19. Adjusted for transient movement in gold loans, Stage 2 & 3 assets improved to 1.88% of loans from 1.90% in Q1 FY27, reflecting improving asset quality trends in portfolio. Lead financial indicators for Q2 FY27 – consolidated (3/4) 19. Vintage credit performance across 3MOB, 6MOB and 9MOB continues to reflect significant improvement. We are optimistic about credit cost outlook for FY27. 20. Asset quality remained strong, with GNPA and NNPA improving to 1.06% and 0.42%, respectively, as of 30 September 2026, compared with 1.24% and 0.60% as of 30 September 2025. 21. The provisioning coverage ratio on stage 3 assets was 60% in Q2 FY27. Profitability and capital 22. Pre-provisioning operating profit grew by 23% to ₹ 10,699 crore in Q2 FY27. 23. Consolidated profit before tax (PBT) grew by 29% to ₹ 8,537 crore in Q2 FY27. PBT before prudent management and macro-economic provision grew by 34% to ₹ 8,874 crore. 24. Consolidated profit after tax (PAT) grew by 29% to ₹ 6,367 crore in Q2 FY27. PAT before prudent management and macro- economic provision grew by 34% to ₹ 6,619 crore. 25. In Q2, Company delivered annualised ROA of 4.6% as against 4.5% in Q2 FY26. 26. In Q2, Company delivered annualised ROE of 20.6% as against 19.1% in Q2 FY26. 27. Capital adequacy remained strong at 20.33% as of 30 Sep 2026. Tier-1 capital was 19.43%. 28. Consolidated Leverage ratio stood at 5.1x. The company has considered leverage ratio at 5x-5.5x for resilience and capital planning assessment. Lead financial indicators for Q2 FY27 – consolidated (4/4) Additional update 28. On 1st October 2026, the Board of Directors has approved, subject to the approval of shareholders, issue of equity shares for an aggregate amount of up to ₹ 11,700 crore through Qualified Institutions Placement to Qualified Institutional Buyers and preferential issue of warrants convertible into equivalent number of equity shares for an aggregate amount of up to ₹ 5,800 crore to Bajaj Finserv Limited, the promoter and holding company, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and other applicable laws, as amended. 29. The Board’s decision of raising additional capital is driven by various factors including strong India growth, underlying growth momentum of the Company and its subsidiaries and increasing focus on building resilience across var [Showing first 8,000 characters — download PDF for full document]