Financials:
- Net Profit Rs.3, 912 crores (+13.8% YoY).
- Loan Sanctions & Disbursements Resumed for 'eCOM' and 'Insta EMI Card' after RBI lifted restrictions on 2 May 2024.
- New Loans Grew by 10% to 1.1 crore bookings.
- Assets Under Management Expanded 31% YoY to Rs 3.5 lakh crores.
- Deposit Book Increased 26% YoY to Rs 62,750 crores.
- Gross NPA 1.06% (down from 1.09% YoY).
- Net NPA 0.47% (up from 0.39% YoY).
Management Commentary and Outlook:
- Mixed Quarter Sanjiv Bajaj, Chairman of Bajaj Finance, described Q1 FY25 as a "mixed note." While volume growth, AUM growth, NIM, and operating expenses were strong, provisions on loans were higher.
- Normalisation Bajaj Finance expects a return to pre-pandemic metrics across most parameters in FY25.
- Balanced Performance The company anticipates a more balanced performance going forward.
Data Source: BSE, Company announcements
The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results.