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Bajaj Finance Q1FY25 Quarter Results

Bajaj Finance’s net profit grew over 13% YoY
  • 24 Jul 2024
Read Full Article >
  • 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
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.

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