Bajaj Finance Q2 Results:Bajaj Finance announced its second quarter (Q2FY25) results, in which the company has registered a 13 percent growth in its consolidated net profit. The company’s net profit in this quarter was Rs 4000 crore, which was Rs 3551 crore in the same period last year. Along with this, the company’s Net Interest Income (NII) increased by 23 percent and its operational revenue increased by 28 percent.There has also been an increase. You can see the specific figures of these results below.
Bajaj Finance After Q2 resultKey figures:
– Net Profit: Rs 4000 crore with a growth of 13%.
– Operational Revenue: The company’s revenue increased by 28% to Rs 17,090 crore in this quarter, which was Rs 13,382 crore in the same period last year.
– Net Interest Income (NII): The company’s net interest income has increased by 23%, reaching Rs 8,838 crore in Q2FY25, compared to Rs 7,196 crore in Q2FY24.
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Increase in booking of new loans
Bajaj Finance booked a total of 9.69 million new loans in Q2FY25, compared to 8.53 million in the same period last year. That is, there has been an increase of 14% in new loan bookings.
Operating Expense Ratio
The ratio of operating expenses to net total income during Q2FY25 stood at 33.2%, which was 34% in the same period last year.
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Increase in customer franchise
– The company’s customer base has also seen an increase of 20%. At the end of this quarter, the company had 92.09 million customers, while the number was 76.56 million in the same period last year.Bajaj Finance’s results this quarter are good, but some were below expectations. Overall, the company has not only increased profits and revenue, but has also performed well in new customers and loan bookings.
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