Bajaj Finance Reports Record ₹4,308 Crore Net Profit in Q3 FY 2024-25, AUM Grows 28% YoY

Pune, India – January 29, 2025​

Bajaj Finance Limited (NSE: BAJFINANCE, BSE: 500034) has announced strong financial results for Q3 and nine months (9M) ended December 31, 2024. These results showcase robust profitability, record customer acquisition, and significant AUM growth.

Key Financial Highlights (Consolidated Results)​

Quarterly Performance (Q3 FY 2024-25 vs Q3 FY 2023-24)​

• Net Profit: ₹4,308 crore, up 18% YoY from ₹3,639 crore.
• Revenue from Operations: ₹16,035 crore, up 13.2% YoY from ₹14,163 crore.
• Net Interest Income (NII): ₹9,382 crore, up 23% YoY from ₹7,655 crore.
• Pre-Provision Operating Profit: ₹7,805 crore, up 27% YoY.
• Loan Losses & Provisions: ₹2,043 crore, up from ₹1,248 crore last year.
• Earnings Per Share (EPS): ₹68.53, compared to ₹59.42 in Q3 FY24.

Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)​

• Total Revenue: ₹51,256 crore, up 28% YoY.
• Net Profit: ₹12,234 crore, up 15% YoY from ₹10,627 crore.
• Total Assets Under Management (AUM): ₹3,98,043 crore, up 28% YoY.
• Gross NPA: 1.12%, up from 0.95% last year.
• Net NPA: 0.48%, compared to 0.37% in Q3 FY24.

Bajaj Finance’s AUM growth, rising profitability, and substantial customer additions reinforce its leadership in the NBFC sector.

Business Growth & Strategic Highlights​

✔ Highest-ever new loans booked: 12.06 million in Q3 FY25, up 22% YoY.
✔ Customer franchise expands to 97.12 million, adding 5.03 million customers in Q3 FY25.
✔ AUM grew by ₹24,119 crore in Q3 FY25, led by consumer lending & mortgages.
✔ Strong deposit growth: Total deposits at ₹68,797 crore, up 19% YoY.

Segmental Performance & Key Ratios​

Bajaj Finance’s diversified income streams continue to drive strong revenue growth.

Asset Quality & Risk Management​

• Gross NPA: 1.12%, compared to 0.95% in Q3 FY24.
• Net NPA: 0.48%, compared to 0.37% in Q3 FY24.
• Provision Coverage Ratio (PCR): 57% on Stage 3 assets, ensuring adequate risk buffer.
• Capital Adequacy Ratio (CAR): 21.57%, reflecting strong capitalization.

✔ NPA remains well under control despite higher provisioning of ₹2,043 crore in Q3 FY25.

Capital Raising & Funding Initiatives​

✔ Bajaj Housing Finance IPO (September 2024):

• Raised ₹6,560 crore, reducing BFL’s stake from 100% to 88.75%.
• ✔ ₹3,350 crore raised through NCDs to fund business growth.
• ✔ Strong liquidity position: LCR at 250.79%, ensuring ample cash reserves.

Bajaj Finance remains well-funded to support continued growth & expansion.

Strategic Partnerships & Market Expansion​

✔ New Partnership with Bharti Airtel:

• Airtel will offer Bajaj Finance’s 26 financial products on its Airtel Thanks App.
• Expand customer reach to Airtel’s 375 million user base.

✔ Co-Branded Credit Card Exit:

• Phased discontinuation of partnerships with RBL Bank & DBS India.
• There is no impact on Revenue from the existing credit card portfolio.

✔ Fintech & Digital Growth:

• Strengthening digital lending & BNPL (Buy Now, Pay Later) offerings.
• Expanding digital onboarding through Airtel Thanks App & Bajaj Finserv Platforms.

Bajaj Finance continues to drive financial inclusion & expand its digital presence.

Subsidiary Performance Highlights​

Bajaj Housing Finance Limited (BHFL)​

• AUM: ₹1,08,314 crore, up 26% YoY.
• Net Interest Income (NII): ₹806 crore, up 25% YoY.
• Net Profit: ₹548 crore, up 25% YoY.
• Gross NPA: 0.29%, Net NPA: 0.13%, ensuring strong asset quality.
• Capital Adequacy Ratio: 27.86%.

Bajaj Financial Securities Limited (BFinsec)​

• Margin Trade Financing (MTF) Book: ₹5,392 crore, up 70% YoY.
• Net Interest Income: ₹69 crore, up 123% YoY.
• Net Profit: ₹35 crore, up 119% YoY.

✔ Subsidiaries contribute significantly to Bajaj Finance’s profitability & market expansion.

Market Outlook & Future Growth Plans​

Bajaj Finance expects continued strong performance, driven by:
✔ Growth in digital lending & fintech tie-ups.
✔ Expansion in MSME, housing finance & consumer lending.
✔ Increased penetration in Tier-II & Tier-III cities.
✔ Enhanced digital onboarding through strategic partnerships.
The company remains focused on scaling AUM, expanding its digital footprint, and improving profitability.

Conclusion​

Bajaj Finance delivered record profits and robust growth in Q3 FY 2024-25, with a strong balance sheet, controlled NPAs, and accelerating AUM growth. With new strategic tie-ups, fintech expansion, and steady risk management, the company is well-positioned for sustained leadership in the NBFC sector.