Bajaj Finance Q2FY25 results: Net profit rose 13% to Rs 4,000 crore, almost in line with estimates

Bajaj Finance earnings in Q2FY25: Pune-based non-banking finance company (NBFC) Bajaj Finance on Tuesday announced consolidated net profit of Rs 3,999.7 crore for the quarter ended September 30, up 12.6% over the same period a year ago.

NBFC net interest income (NII) – a key profitability metric – rose 22.8% to Rs 8,837.7 crore on a year-on-year basis, regulatory filings show.

According to Zee Business research, Bajaj Finance is estimated to have posted a net profit of Rs 4,021 crore on net interest income of Rs 8,854.9 crore for the fiscal second quarter.

Bajaj Finance reported profit from operations (PPoP) before provisions of Rs 7,307 crore for the September quarter, up by a quarter from the year-ago period.

New loan originations rose 14 percent to 9.69 million in the second quarter.

The number of the company’s franchise customers as of September 30 was 92.09 million compared to 76.56 million a year earlier, an increase of approximately 20%.

Bajaj Finance said assets under management (AUM) increased by 29 per cent to about Rs 3,73,924 crore as on September 30, 2024 from Rs 2,90,264 crore a year ago.

The company recorded credit losses and provisions of Rs 1,909 crore for the fiscal second quarter compared to Rs 1,077 crore a year ago.

Bajaj Finance share price

Shares of Bajaj Finance fell by Rs 107.1, or 1.6 per cent, at Rs 6,677.4 per piece on the BSE ahead of the earnings announcement.

At current levels, Bajaj Finance shares are up 9.0% in 2024, underperforming gains of 12.6%, respectively. and 6.3 percent in the Nifty50 and Nifty Bank indices.

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