Bajaj Finance Q2 FY25 Results: Net profit up 13% at Rs 4,000 crore, almost in line with estimates

Bajaj Finance Q2 FY25 Earnings: Pune-headquartered non-banking financial company (NBFC) Bajaj Finance on Tuesday reported a consolidated net profit of Rs 3,999.7 crore for the quarter ended September 30, marking an increase of 12.6 per cent over the corresponding period a year ago.

The NBFC's net interest income (NII)—a key measure of profitability—increased 22.8 per cent to Rs 8,837.7 crore on a year-on-year basis, according to a regulatory filing. 

According to Zee Business research, Bajaj Finance was estimated to register a net profit of Rs 4,021 crore with net interest income of Rs 8,854.9 crore for the fiscal second quarter.

Bajaj Finance reported a pre-provisioning operating profit (PPoP) of Rs 7,307 crore for the September quarter, up by one-fourth over the year-ago period. 

The number of new loans booked grew 14 per cent in Q2 to 9.69 million, it said.

The company's customer franchise stood at 92.09 million, as of September 30, as against 76.56 million a year ago, translating to growth of about 20 per cent.

Bajaj Finance said its assets under management (AUM) grew 29 per cent to around Rs 3,73,924 crore, as of September 30, 2024, from Rs 2,90,264 crore a year ago.

The company registered Rs 1,909 crore in loan losses and provisions for the fiscal second quarter, as against Rs 1,077 crore a year ago. 

Bajaj Finance Share Price 

Bajaj Finance shares ended lower by Rs 107.1, or 1.6 per cent, at Rs 6,677.4 apiece on BSE before the earnings announcement.

At the current level, Bajaj Finance shares have risen 9.0 per cent in 2024 so far, underperforming gains of 12.6 per cent and 6.3 per cent in the Nifty50 and Nifty Bank indices respectively.

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