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The lender’s Net Interest Income (NII) rose 22.6% YoY to ₹9,382.4 crore, beating CNBC-TV18 poll expectations of ₹9,335 crore. This compares to an NII of ₹7,655 crore in the same quarter last year.
Bajaj Finance’s net total income increased by 26% in Q3FY25 to approximately Rs 11,673 crore from Rs 9,298 crore in Q3 FY24. Operating expenses to net total income for Q3 FY25 was 33.1%, compared to 33.9% in Q3 FY24.
#3QWithCNBCTV18 | #BajajFin reports #Q3Results ????
Net profit at ₹4,308.2 cr vs CNBC-TV18 poll of ₹4,098 cr pic.twitter.com/YjnVdyUGtr— CNBC-TV18 (@CNBCTV18Live) January 29, 2025
Bajaj Finance saw a significant boost in assets under management (AUM), which rose by 28% to ₹3.98 lakh crore as of December 31, 2024, from ₹3.11 lakh crore a year earlier. The number of new loans booked in Q3FY25 was the highest ever at 12.06 million as against 9.86 million in Q3FY24, recording a growth of 22%.
The customer franchise also stood at 97.12 million as of 31 December 2024, compared to 80.41 million as of December 31, 2023, a growth of 21%. Also, in Q3FY25, the NBFC recorded the highest-ever quarterly increase in its customer franchise of 5.03 million.
However, the company’s asset quality showed some deterioration. The gross non-performing assets (GNPA) increased to 1.12% from 0.95% last year, and net non-performing assets (NNPA) climbed to 0.48% from 0.37%. The provisioning coverage ratio for stage 3 assets was 57%.
The capital adequacy ratio (CRAR), including Tier-II capital, as of December 31, 2024, was 21.57%. The Tier-I capital was 20.79%.
Bajaj Finance stock price jumped 2% on Wednesday, closing at ₹7,760 on the NSE.
First Published: Jan 29, 2025 6:14 PM IST
