Bajaj Finance Limited has reported a net interest income (NII) growth of 23% YoY, reaching ₹8,838 crore for Q2 FY25, compared to ₹7,196 crore in the same quarter last year. The company’s net profit for the quarter surged by 13% YoY to ₹4,014 crore, up from ₹3,551 crore in Q2 FY24.

Key highlights from the company’s financial performance include:

  1. Assets Under Management (AUM): Bajaj Finance’s AUM grew by 29% YoY, amounting to ₹3,73,924 crore as of September 30, 2024, compared to ₹2,90,264 crore in the previous year. This growth underscores the company’s strong market position and expanding customer base.
  2. Loan Book Growth: New loans booked during the quarter stood at 9.69 million, marking a 14% increase from 8.53 million in Q2 FY24, reflecting robust demand.
  3. Customer Franchise: The customer franchise expanded by 20% YoY, reaching 92.09 million as of September 2024, compared to 76.56 million in September 2023.
  4. Asset Quality: The company reported Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) at 1.06% and 0.46% respectively, a slight rise from the previous year’s GNPA of 0.91% and NNPA of 0.31%.
  5. Operating Performance: Pre-provisioning operating profit increased by 25% YoY to ₹7,307 crore in Q2 FY25, while the company’s capital adequacy ratio (CRAR) stood at 21.69%, indicating strong financial health.
  6. Loan Loss Provisions: Loan losses and provisions were reported at ₹1,909 crore, up from ₹1,077 crore in Q2 FY24, reflecting a prudent approach to risk management.

With continued strong financial performance, Bajaj Finance remains well-positioned for sustained growth, backed by its expanding AUM, improved profitability, and a broadening customer base.

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