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 fiscal institution (NBFC) Bajaj Finance connected Tuesday reported a consolidated nett net of Rs 3,999.7 crore for the 4th ended September 30, marking an summation of 12.6 per cent implicit the corresponding play a twelvemonth ago.

The NBFC's nett involvement income (NII)—a cardinal measurement of profitability—increased 22.8 per cent to Rs 8,837.7 crore connected a year-on-year basis, according to a regulatory filing. 

According to Zee Business research, Bajaj Finance was estimated to registry a nett net of Rs 4,021 crore with nett involvement income of Rs 8,854.9 crore for the fiscal 2nd quarter.

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

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

The company's lawsuit franchise stood astatine 92.09 million, arsenic of September 30, arsenic against 76.56 cardinal a twelvemonth ago, translating to maturation of astir 20 per cent.

Bajaj Finance said its assets nether absorption (AUM) grew 29 per cent to astir Rs 3,73,924 crore, arsenic of September 30, 2024, from Rs 2,90,264 crore a twelvemonth ago.

The institution registered Rs 1,909 crore successful indebtedness losses and provisions for the fiscal 2nd quarter, arsenic against Rs 1,077 crore a twelvemonth ago. 

Bajaj Finance Share Price 

Bajaj Finance shares ended little by Rs 107.1, oregon 1.6 per cent, astatine Rs 6,677.4 apiece connected BSE earlier the net announcement.

At the existent level, Bajaj Finance shares person risen 9.0 per cent successful 2024 truthful far, underperforming gains of 12.6 per cent and 6.3 per cent successful the Nifty50 and Nifty Bank indices respectively.

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