Bajaj Finance Limited has announced its financial results for the quarter ended December 31, 2024, reporting a strong performance with net profit rising 18.4% YoY to ₹4,308.19 crore. The company’s revenue from operations surged 27.3% YoY to ₹18,035.11 crore, driven by robust growth in interest income and fees.
Key Financial Highlights for Q3 FY25:
- Revenue from operations: ₹18,035.11 crore (up 27.3% YoY from ₹14,163.50 crore)
- Net profit: ₹4,308.19 crore (up 18.4% YoY from ₹3,638.95 crore)
- Profit before tax (PBT): ₹5,765.42 crore (up 17.7% YoY from ₹4,895.52 crore)
- Total expenses: ₹12,295.92 crore (up from ₹9,273.10 crore)
- Finance costs: ₹6,385.63 crore (up from ₹4,868.01 crore)
- Employee benefits expense: ₹1,955.54 crore (up from ₹1,661.80 crore)
For the nine months ended December 31, 2024, Bajaj Finance’s total revenue stood at ₹51,256.04 crore, reflecting a 27.7% YoY increase, while net profit rose 15.1% YoY to ₹12,233.91 crore.
Growth Drivers:
- Strong increase in interest income, reaching ₹15,768.21 crore in Q3 FY25.
- Fees and commission income rose to ₹1,510.57 crore, reflecting an expansion in financial services.
- Net gain on fair value changes surged to ₹164.59 crore from ₹68.39 crore in Q3 FY24.
- Stable loan growth and improved asset quality, contributing to higher earnings.
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