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Bajaj Finance reports highest-ever increase in customer franchise, AUM rises 28%
2 min read | Updated on January 04, 2025, 17:08 IST
SUMMARY
Bajaj Finance on Friday reported a 28% year-on-year increase in its assets under management (AUM) for the quarter ended December 31, 2024. Further, the NBFC also recorded a 22% growth in new loans booked.
Stock list
As of December 31, Bajaj’s deposit book stood at ₹68,800 crore, growing 19%, as compared to ₹58,008 crore in the same period last year
The non-banking financial company (NBFC) reported its highest-ever quarterly increase in customer franchise, adding 50.3 lakh customers in the October-December quarter. Its customer franchise stood at 9.71 crore in the quarter ended December of FY25, rising 20.78% from 8.04 crore in the same period last year.
The company's assets under management (AUM) increased by 28%, rising by ₹24,100 crore year-on-year to reach ₹3.98 lakh crore as of December 31, 2024, up from ₹3.11 lakh crore in the year-ago period.
In Q3FY25, the company booked 1.21 crore new loans, the highest ever, reflecting a 22% increase from 98.6 lakh in Q3FY24.
As of December 31, Bajaj’s deposit book stood at ₹68,800 crore, growing 19%, as compared to ₹58,008 crore in the same period last year.
Stock performance
On Friday, the scrip closed in the red at ₹7,367.90, down 0.29% on the National Stock Exchange (NSE) on Friday.
Over the past five days, the stock gained 6.39% and 9.33% over the last month.
While the stock rose 3.67% in the past six months, it slumped 4.38% over the year.
Bajaj Finance has a total market capitalisation of ₹4.56 lakh crore as of January 4, 2025, according to the NSE.
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