Bajaj Finance Ltd. has reported a strong performance in the second quarter of FY25, with its Assets Under Management (AUM) reaching ₹3.74 lakh crore, marking a 29% increase compared to the same period last year. The non-banking financial service provider (NBFC) disclosed these figures in its provisional business update submitted to the stock exchanges.
Key Highlights from Q2 FY25:
- The loan portfolio saw a notable year-on-year increase of 14%, totaling 9.69 million loans disbursed during the quarter.
- As of September, Bajaj Finance held a net liquidity surplus of ₹20,100 crore.
- The company’s deposits amounted to ₹66,100 crore, showing a 21% year-on-year rise.
- The customer franchise grew to 92.09 million, compared to 76.56 million in the previous year, with a net addition of 3.98 million customers during the quarter.
Bajaj Finance Q1 Performance Recap:
In the first quarter of FY25, Bajaj Finance demonstrated significant growth in several areas:
- Net Interest Income (NII) increased by 25%, reaching ₹8,365 crore.
- Total revenue from operations surged by 28.8% to ₹16,098 crore.
- Other income experienced a sharp rise of 97.8% to ₹3.64 crore.
However, the NBFC faced a notable spike in loan losses and provisions, which increased by 70% to ₹1,685 crore from ₹995 crore in the same period of the previous year. This rise was attributed to a reduction in collection efficiencies.
The net loan loss to average assets under finance stood at 1.99% for Q1, with expectations for the financial year 2025 set between 1.75% and 1.8%.
Growth in Assets Under Management:
For the first quarter, Bajaj Finance reported an impressive 31% year-on-year growth in its AUM, which amounted to ₹2.70 lakh crore, as compared to ₹1.80 lakh crore in the corresponding period of the previous year.
Bajaj Finance continues to show robust performance and steady growth across its key financial parameters, positioning itself strongly within the NBFC sector.
