Bajaj Finance shares in focus after Q1 profit rises 22% YoY to Rs 4,765 crore, NII up 22%
ADVERTISEMENT Profit before tax stood at Rs 6,368 crore, up 21% from the same period last year. The profit growth was led by strong loan volumes, healthy interest income, and customer additions.
The company booked 13.49 million new loans during the quarter, a 23% increase over Q1 FY25. Its customer franchise rose 21% YoY to 10.6 crore, with 4.69 million new customers added in the quarter.
Assets under management (AUM) surged 25% YoY to Rs 4.41 lakh crore from Rs 3.54 lakh crore. Sequentially, AUM increased by Rs 24,789 crore.Net total income rose 21% to Rs 12,610 crore, while pre-provisioning operating profit grew 22% to Rs 8,487 crore.Loan losses and provisions increased 26% to Rs 2,120 crore, compared to Rs 1,685 crore in Q1 FY25. The annualized credit cost for the quarter stood at 2.02% of average assets under finance.
ADVERTISEMENT Asset quality weakened slightly, with gross non-performing assets (GNPA) rising to 1.03% from 0.86% a year ago, and net NPA climbing to 0.50% from 0.38%. However, the company maintained a healthy provision coverage ratio (PCR) of 52% on Stage 3 assets.Capital adequacy remains robust, with the CRAR at 21.96%, including Tier-I capital of 21.19%.
ADVERTISEMENT Bajaj Finance's consistent growth across loan volumes, interest income, and customer additions reinforces its leadership in the NBFC space. However, the uptick in asset quality stress and higher provisioning will be key monitorables in the coming quarters.
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