Bajaj Finance Q2 Results: Cons PAT rises 13% YoY to Rs 4,000 crore, misses estimates

Bajaj Finance on Tuesday reported a 13% jump in its net profit for the quarter ended September 2024 to Rs 4,000 crore versus Rs 3,551 crore posted in the year-ago period. The profit is attributable to the owners of the company.

It was below ET Now poll estimates of Rs 4,070 crore.

The revenue from operations for the reported quarter stood at Rs 17,090 crore, up 28% over Rs 13,382 crore posted in the corresponding quarter of the previous financial year.


The net interest income (NII) increased by 23% in Q2FY25 to Rs 8,838 crore from Rs 7,196 crore in Q2FY24.

The number of new loans booked grew by 14% in Q2FY25 to 9.69 million as against 8.53 million in Q2FY24.

Operating expenses to net total income ratio for Q2FY25 was 33.2% as against 34% in Q2FY24.

The customer franchise at the end of the reporting quarter stood at 92.09 million versus 76.56 million in the year-ago period, which is a 20% YoY uptick.

Assets under management (AUM) grew by 29% to Rs 3,73,924 crore as of September 30, 2024, from Rs 2,90,264 crore as of 30 September 2023. AUM grew by Rs 19,732 crore in Q2FY25.

Pre-provisioning operating profit increased by 25% in Q2FY25 to Rs 7,307 crore from Rs 5,835 crore in Q2FY24.

The loan losses and provisions for Q2FY25 were at Rs 1,909 crore as against Rs 1,077 crore in Q2 FY24.

Gross NPA and Net NPA as of 30 September 2024 stood at 1.06% and 0.46% respectively, as against 0.91% and 0.31% as of 30 September 2023. The provisioning coverage ratio on stage 3 assets was 57%.

The capital adequacy ratio (CRAR) (including Tier-II capital) as of September 30, 2024 was 21.69%. The Tier-I capital was 20.90%.