Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), reported robust performance in the October-December quarter of FY25. The company achieved significant growth across key business metrics, according to its update filed on January 3.
The AUM of the company soared 28 percent year-on-year to reach ₹3.98 lakh crore as of December 31, 2024, from ₹3.10 lakh crore a year ago. In Q3 FY25, an AUM increase of ₹24,100 crore was recorded by the company despite healthy demand for its financial products.
The deposit book also jumped up 19% YoY to ₹ 68,800 crore from ₹ 58,008 crore. The highest quarterly new loans booked of 12.06 million were seen at Bajaj Finance, an increase of 22 per cent from 9.86 million in the same period last year.
By the end of December 2024, the subscriber base of the company increased to 97.12 million with a record addition of 5.03 million subscribers in the quarter, reflecting sustained performance on retail and small business segment penetration.
On 2 January, the global brokerage firm Citi placed Bajaj Finance under a 90-day positive catalyst watch, maintaining an ‘Buy’ rating with a target price of ₹8,150 each share. Citi highlighted proactive risk management on the part of the company, stable loan growth, and support from segments like mortgage financing and new business enterprises.
Citi also marked a slight increase in credit costs and estimated a range of 2.2 to 2.25 percent for Q3 FY25. The brokerage said that updates on the management transition would be more relevant for long-term forecasts on Bajaj Finance.
On January 4, Bajaj Finance rose over 5 per cent on account of encouraging commentaries from analysts. To this, the scrip has reportedly gained 11 percent in the last one month and reflects the investor confidence that the company shall continue its trajectory of growth effectively.
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Source: Moneycontrol
News Desk
