Bajaj Finance Q1FY25 Quarter Results
Bajaj Finance’s net profit grew over 13% YoY
- 24 Jul 2024
- Bajaj Finance’s net income grew by 7.8% quarter-on-quarter (QoQ) during the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed an increase of 28.8%.
- Its expenses for the quarter were up by 10.3% QoQ and 36.3% YoY.
- Bajaj Finance’s net profit was up 2.3% QoQ and 13.8% YoY.
- The earnings per share (EPS) of Bajaj Finance stood at 63.1 during Q1FY25.
Bajaj Finance’s financial statements for Q1FY25:
| (Rs, crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 12,500 | 14,932 | 16,102 | 7.8% | 28.8% |
Total expenses | 7,951 | 9,830 | 10,839 | 10.3% | 36.3% |
Profit before tax | 4,551 | 5,105 | 5,265 | 3.1% | 15.7% |
Tax | 1,114 | 1,281 | 1,353 | 5.7% | 21.5% |
Profit after tax | 3,437 | 3,825 | 3,912 | 2.3% | 13.8% |
Earnings per share | 56.6 | 61.7 | 63.1 |
Financials:
- Net Profit Rs.3, 912 crores (+13.8% YoY).
- Loan Sanctions & Disbursements Resumed for 'eCOM' and 'Insta EMI Card' after RBI lifted restrictions on 2 May 2024.
- New Loans Grew by 10% to 1.1 crore bookings.
- Assets Under Management Expanded 31% YoY to Rs 3.5 lakh crores.
- Deposit Book Increased 26% YoY to Rs 62,750 crores.
- Gross NPA 1.06% (down from 1.09% YoY).
- Net NPA 0.47% (up from 0.39% YoY).
Management Commentary and Outlook:
- Mixed Quarter Sanjiv Bajaj, Chairman of Bajaj Finance, described Q1 FY25 as a "mixed note." While volume growth, AUM growth, NIM, and operating expenses were strong, provisions on loans were higher.
- Normalisation Bajaj Finance expects a return to pre-pandemic metrics across most parameters in FY25.
- Balanced Performance The company anticipates a more balanced performance going forward.
Data Source: BSE, Company announcements
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