Bajaj Finserv Ltd posted a 3% year-on-year rise in consolidated net profit at Rs 2,231 crore for the December quarter of FY25, compared to Rs 2,158 crore in the same period last year. The company’s revenue from operations grew 10% to Rs 32,042 crore, up from Rs 29,038 crore in Q3FY24.
The shares of Bajaj Finserv moved near even at Rs 1,788.6 a unit at 1 pm on January 30.
The assets under management (AUM) at December 31, 2024, at Rs 3,98,043 crore, a 28% rise over Rs 3,10,968 crore a year ago, include Rs 1,08,314 crore of assets under management of Bajaj Housing Finance, an increase of 26% over a year ago.
The Net NPA and Gross NPA rose to 1.12% and 0.48%, respectively, for December 2023, versus 0.95% and 0.37%, respectively, for December 2023. The cover for stage 3 assets stood at 57%.
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Source: Moneycontrol
News Desk
