Bajaj Finance Q3Fy25 Results: Bajaj Finance Three months ended in December 2024 (Q3) The best results have been announced during. The company’s net profit during the third quarter of the current financial year (October-December 2024) Rose 18% to Rs 4,308 crore Done, which is in the same quarter of last year Rs 3,650 crore Had been. This increase Strong loan growth And has been seen due to increased credit demand during the festive season.
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Large boom in loan growth, NII also increased
Bajaj Finance in October-December 2024 quarter 1.2 crore (12.06 million) new loans issuedWhich compared to last year 22% more Is. Because of this the company Net Interest Income (NII) also rose 23% to Rs 9,382 crore Reached During the festive season in the Indian market, there is a huge purchase of electronics, furniture and other consumer products, which increases the demand for loan.
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28% growth in asset under management
Bajaj Finance Asset Under Management (AUM) also increased by 28% to Rs 3.98 lakh crore Done. This figure has been much better than market expectations. Bajaj Finance’s AUM hike shows that Demand for consumer credit and housing finance in India is continuously increasing,
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Provisioning and NPA increase
However, the company to cover the potentially bad loan 64% more provisioning had to be doneWhich increased in this quarter 2,043 crore rupees Done In the Indian market Unsecured loan segment For example, the problem of default in credit cards and personal loans is increasing, due to which banks and NBFC companies are taking more care.
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Also, Bajaj Finance Gross non-performing asset (GNPA) ratio increased to 1.12%Which last year 0.95% Was. This shows that the company is facing challenges on the loan recovery front.
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Bajaj Finance in Q3 Strong loan growth and high nii By Magnificent financial performance Has done However, rising provisioning and NPA rates remain a matter of some concern. But, due to increasing credit demand in the market and expansion in the finance sector The company’s future prospects remain strong,