Bajaj Finance Q3 Results: Consolidated net profit up 18% to ₹4,308 crore, NII rises 23%

Bajaj Finance reported an 18% year-on-year (YoY) increase in net profit at ₹4,308.19 crore for the third quarter of the current fiscal (Q3 FY25) as compared to ₹3,638.95 in the year-ago period. Its net interest income (NII) for the reporting quarter increased by 23% to ₹9,382 crore against ₹7,655 crore in Q3 FY24.

Bajaj Finance Q3 Results: Key highlights

• Consolidated assets under management of Bajaj Finance stood at ₹398,043 crore as of December 31, 2024.

• The company recorded the highest-ever new loans booked of 1.20 crore in Q3 FY25.

• As of December 31, 2024, the Gross NPA and Net NPA stood at 1.12% and 0.48%, respectively, against 0.95% and 0.37% reported in the last fiscal.

• Net total income of the company rose by 26% in the reporting quarter to ₹11,673 crore from ₹9,298 crore in Q3 FY24.

Standalone results

• On a standalone basis, the company’s net profit grew by 17% year-on-year (YoY) to ₹3,706 crore as against ₹3,177 crore in the year-ago period.

• Net interest income jumped 22% to ₹8,500 crore in the reporting quarter from ₹6,973 in Q3 FY24.

• Assets under management increased 26% to ₹293,370 crore at the end of December 2024 from ₹232,040 crore in the last fiscal.

• The Gross NPA and Net NPA, as of December 31, 2024, stood at 1.41% and 0.61%, respectively, against 1.18% and 0.46% reported last year.

• Net total income of the company surged by 25% in Q3 FY25 to ₹10,617 crore from ₹8,486 crore in Q3 FY24.