Bajaj Finance reported a 17% year-on-year (YoY) increase in its consolidated net profit for the December quarter, reaching ₹4,247 crore, compared to ₹3,639 crore in the same period last year. This figure surpassed the ET Now poll estimate of ₹4,227 crore. 
Bajaj Finance disbursed a record 12.06 million new loans in Q3FY25, up 22% from 9.86 million in the same period last year.
Revenue and Loan Growth
The company's Assets Under Management (AUM) grew by 28% to ₹3,98,043 crore as of December 31, 2024, compared to ₹3,10,968 crore a year ago. In Q3FY25, AUM increased by ₹24,119 crore.Bajaj Finance disbursed a record 12.06 million new loans in Q3FY25, up 22% from 9.86 million in the same period last year.
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Customer Base
As of December 2024, the company's customer base stood at 97.12 million, compared to 80.41 million on December 31, 2023, reflecting a 21% growth. (In Q3FY25 alone, Bajaj Finance added a record 5.03 million customers.Income and Profit
- Total net income for Q3FY25 rose by 26% to ₹11,673 crore, up from ₹9,298 crore in Q3FY24.
- The ratio of operating expenses to net total income stood at 33.1% in Q3FY25, compared to 33.9% in Q3FY24.)
- Pre-Provision Operating Profit (PPOP) increased by 27% to ₹7,805 crore, compared to ₹6,142 crore in Q3FY24.
Loan Loss and Provisions
Loan loss and provisions in Q3FY25 amounted to ₹2,043 crore, up from ₹1,248 crore in Q3FY24. The loan loss and provision ratio on average funded assets stood at 2.16% in Q3FY25.Profit and NPA
Profit Before Tax (PBT) grew by 18% to ₹5,765 crore in Q3FY25, compared to ₹4,896 crore in Q3FY24.As of December 31, 2024, Gross NPA and Net NPA stood at 1.12% and 0.48%, respectively, compared to 0.95% and 0.37% a year ago. The provision coverage ratio for Stage 3 assets was 57%.
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