Bajaj Finance Q3 FY25: Strong Profit Growth and AUM Surge

• Net Profit: ₹4,308 crore, up 18% YoY.
• AUM Growth: A significant 28% increase, reaching ₹3.98 lakh crore.
• Strong Asset Quality: Though GNPAs rose slightly, overall performance remains solid.

Bajaj Finance Posts Robust Q3 Performance

Bajaj Finance Ltd has delivered a stellar performance for the third quarter of FY25, reporting an 18% YoY rise in its consolidated net profit to ₹4,308 crore, surpassing analyst estimates. The company’s strong performance was largely driven by a 28% increase in its assets under management (AUM), which grew to ₹3.98 lakh crore, compared to ₹3.11 lakh crore last year.

This impressive growth in AUM has supported a 23% YoY rise in Net Interest Income (NII), which stood at ₹9,382 crore for Q3 FY25, up from ₹7,655 crore in Q3 FY24.

Financial Highlights:

• Net Interest Income (NII): ₹9,382 crore, up 23% YoY.
• Total Income: ₹11,673 crore, up 26% YoY.
• Pre-Provision Operating Profit: ₹7,805 crore, up 27% YoY.
• Capital Adequacy Ratio (CRAR): 21.57% (Tier I at 20.79%).

Customer Growth Soars

Bajaj Finance also reported its highest-ever quarterly increase in its customer base, adding 5.03 million new customers during the quarter. The total customer base now stands at 97.12 million, reflecting a 21% growth YoY. New loans booked in Q3 FY25 also hit an all-time high of 12.06 million, up 22% from last year.

Asset Quality and Provisions

While the company’s Gross Non-Performing Assets (GNPA) increased to 1.12% from 0.95% last year, and Net Non-Performing Assets (NNPA) also rose slightly to 0.48% from 0.37%, the increase was modest and the overall asset quality remains healthy. The Provisioning Coverage Ratio on Stage 3 assets is 57%.

The company also increased its provisions for loan losses to ₹2,043 crore, up from ₹1,248 crore in Q3 FY24.

Bajaj Financial Securities Performance:

• Profit After Tax (PAT): Increased by 119% YoY to ₹35 crore.
• Margin Trade Financing (MTF): Grew by 70% to ₹5,392 crore.
• Net Interest Income (NII): Rose by 123% YoY to ₹69 crore.

Stock Performance and Outlook

Ahead of the results, Bajaj Finance’s stock gained 2%, closing at ₹7,760 on the NSE. The company’s strong growth trajectory, driven by AUM expansion, customer growth, and stable asset quality, positions it well for continued success in the coming quarters.