**Bajaj Finserv Reports 3% YoY Growth in Q3 Profit**
On January 30, Bajaj Finserv announced a 3% year-on-year increase in its consolidated profit for the December quarter of the current financial year (Q3FY25). The company’s consolidated profit for Q3FY25 reached ₹2,231 crore, reflecting a 3.4% rise from ₹2,157.67 crore in the same quarter of the previous year.
Total revenue from operations for the quarter was ₹32,041.81 crore, marking a 10.34% increase compared to ₹29,038.43 crore in the corresponding quarter last year.
**Subsidiary Performance: Bajaj Finance Q3 Results**
Bajaj Finance reported a consolidated net total income of nearly ₹11,673 crore for the quarter, a 26% increase from ₹9,298 crore in Q3FY24. Profit after tax (PAT) also saw a significant rise, climbing 17% year-on-year to ₹4,246 crore, up from ₹3,639 crore.
However, loan losses and provisions increased to ₹2,043 crore, compared to ₹1,248 crore in the previous year. The assets under management (AUM) surged by 28%, reaching ₹3,98,043 crore as of December 31, 2024, up from ₹3,10,968 crore a year earlier. This figure includes ₹1,08,314 crore from BHFL, which experienced a 26% growth over the AUM as of December 31, 2023.
As of December 31, 2024, gross non-performing assets (NPA) and net NPA stood at 1.12% and 0.48%, respectively, compared to 0.95% and 0.37% as of December 31, 2023. The company reported a provisioning coverage ratio of 57% on stage 3 assets.
Further updates are anticipated.
