Bajaj Finance Limited has announced that its board will meet on January 29, 2025, to review and approve the unaudited financial results for the quarter and nine months ended December 31, 2024. The trading window for dealing in the company’s securities has been closed since January 1, 2025, and will remain closed until January 31, 2025, as per SEBI regulations.
Bajaj Finance Limited reported robust growth in its Q3 FY25 business update, with key performance indicators reflecting strong momentum across segments. The company achieved its highest-ever quarterly increase in its customer franchise and new loans booked, underscoring its expanding reach and market presence.
Key Highlights from Q3 FY25 Business Update:
- Customer Franchise Growth:
The customer franchise reached 97.12 million as of December 31, 2024, a 21% increase from 80.41 million a year earlier. The quarter witnessed the highest-ever quarterly addition of 5.03 million customers. - New Loans Booked:
Bajaj Finance recorded 12.06 million new loans in Q3 FY25, marking a 22% growth compared to 9.86 million in Q3 FY24. This is the highest number of loans booked in a single quarter. - Assets Under Management (AUM):
AUM stood at approximately ₹398,000 crore as of December 31, 2024, reflecting a 28% year-on-year increase from ₹310,968 crore. The company added ₹24,100 crore to its AUM during the quarter. - Deposits Book:
The deposits book grew by 19% year-on-year to ₹68,800 crore as of December 31, 2024, compared to ₹58,008 crore in the same period last year.
Q2 FY25 Performance Highlights:
The company delivered robust growth in Q2 FY25, showcasing its strong market position and operational efficiency. Key highlights include:
- Assets Under Management (AUM): AUM surged by 29% YoY to ₹3,73,924 crore as of September 30, 2024, compared to ₹2,90,264 crore in the same period the previous year. New business lines contributed meaningfully, accounting for 2%-3% of the AUM growth, while maintaining a stable composition year-on-year.
- Loan Book Growth: New loans booked during the quarter reached 9.69 million, a 14% rise from 8.53 million in Q2 FY24.
- Customer Franchise: The customer franchise expanded by 20% YoY, reaching 92.09 million customers, up from 76.56 million as of September 2023.
- Asset Quality: GNPA stood at 1.06%, and NNPA was at 0.46%, slightly higher than the previous year’s GNPA of 0.91% and NNPA of 0.31%.
- Operating Performance: Pre-provisioning operating profit grew by 25% YoY to ₹7,307 crore, reflecting improved operational efficiency.
- Loan Loss Provisions: Provisions for loan losses increased to ₹1,909 crore from ₹1,077 crore in Q2 FY24, highlighting a prudent risk management approach.
