Here's what Bajaj Finance MD Rajeev Jain said on the upcoming management transition

Bajaj Finance Managing Director Rajeev Jain said that he intends to remain at the company and "hopefully" be actively involved in shaping the strategies of the company and its subsidiaries.

"This is how I would look at the future role, subject to how the board decides," he said.

Jain made these comments at Bajaj Finance's post-earnings call. The company reported results after market hours on Wednesday.

Rajeev Jain had joined Bajaj Finance as CEO in 2007 and became its Managing Director in 2015. He was reappointed as Managing Director again in March 2020 for a period of five years.

Jain also said during the earnings call that the lender is 12 months into the 15-month transition plan laid out earlier and that the nomination and remuneration committee will review the plan by March.

For financial year 2026, Bajaj Finance is expecting its net profit to grow between 20% and 23%, while its Assets Under Management are likely to grow by 25%.

It expects its credit costs to be at 2% for the year, provided the March quarter credit cost remains between 200-205 basis points.

The company also said that it is well on course to add 17 million customers by the end of the current financial year and cross 100 million in customer franchise.

Morgan Stanley remains "overweight" on Bajaj Finance and raised its price target on the stock to ₹9,300 from ₹9,000 earlier.

It said that the visibility of over 25% Earnings Per Share growth in financial year 2026 has improved, subject to macro climate, thereby making Bajaj Finance an interesting quality large-cap stock.

However, UBS has a "sell" rating on the stock with a price target of ₹6,500.

It said that the early guidance for financial year 2026 indicates a further drop in its Return on Assets (RoA).

Bernstein too has "underperform" rating on Bajaj Finance with a price target of ₹6,400.

The brokerage said that the biggest positive from the earnings call was commentary around Rajeev Jain's plans to be involved with the group in some capacity even after the end of his term in March.

Jefferies has a "buy" rating on Bajaj Finance with a price target of ₹9,270.

It said that stabilising asset quality trends and credit costs which will start tapering off from the next quarter should abate growth concerns and aid earnings. It also expects the CEO transition to be smoother with the possibility of Rajeev Jain staying around and the Deputy CEO getting elevated.

HSBC has also maintained its "buy" rating on Bajaj Finance with a revised price target of ₹8,900. The brokerage has raised its price-to-book value multiple to 5x for financial year 2026 from 4.6x earlier.

Shares of Bajaj Finance are among the top gainers on the Nifty 50 index on Thursday, trading 3% higher at ₹7,988.