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Business Standard
04-07-2025
- Business
- Business Standard
Bajaj Housing Finance shares rise 2% after company releases Q1 update
Bajaj Housing Finance share price rose 2.3 per cent in trade, logging an intraday high at ₹124 per share. At 9:47 AM, Bajaj Housing Finance shares were trading 1.9 per cent higher at ₹123.45 per share on the BSE. In comparison, the BSE Sensex was down 0.02 per cent at 83,226.73. The company's market capitalisation stood at ₹1,02,862.67 crore. Its 52-week high was at ₹188.45 per share and 52-week low was at ₹103 per share. Why are Bajaj Housing Finance shares in demand? The buying on the counter came after the company released its Q1 business update. According to the filing, the company disbursed (Gross Disbursement) in Q1FY26 stood at ₹14,640 crore as compared to ₹12,004 crore in Q1 FY25. Its assets under management (AUM) grew by 24 per cent to approximately ₹1,20,400 crore as of June 30, 2025, as compared to ₹97,071 crore as of June 30, 2024. The AUM in Q1 FY26 grew by approximately ₹5,716 crore and its Loan Assets (AR) stood at ₹1,05,940 crore as of June 30, 2025, as compared to ₹85,283 crore a year ago. Bajaj Housing Finance Q4 results The housing finance arm of Bajaj Group reported a 54 per cent year-on-year (Y-o-Y) surge in the company's net profit in Q4FY25. Bajaj Housing's Q4FY25 profit came at ₹587 crore as against ₹381 crore in the corresponding quarter last year. Operationally, its net interest income (NII) jumped 31 per cent Y-o-Y to ₹823 crore, while the net interest margin (NIM) expanded to 4.1 per cent vs 3.8 per cent Y-o-Y. The company's assets under management (AUM), at the end of the March quarter, stood at ₹1.15 trillion, up 26 per cent from ₹91,370-crore AUM seen at the end of Q4FY24. At the end of Q4 FY25, the Stage-1 assets of the company stood at 99.39 per cent as against 99.34 per cent; Stage-2 was at 0.32 per cent as opposed to 0.37 per cent in the previous quarter. The Stage-3 PCR assets stood at 60.25 per cent at the end of the last quarter of FY25 as compared to 55.44 per cent in the October–December quarter of FY25. Bajaj Housing Finance shares listed on the NSE and BSE on September 16, 2024, at ₹150 per share. The shares had debuted in the markets at a premium of 114 per cent compared to the IPO issue price of ₹70 per share.
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Business Standard
01-07-2025
- Business
- Business Standard
Bajaj Finserv sets new target of 250 million customers within four years
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros. The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said. "Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said. Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".
Time of India
01-07-2025
- Business
- Time of India
India's Bajaj Finserv hikes customer target to 250 million
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Live Events Bajaj Finserv's largest subsidiary, Bajaj Finance , typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth , there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros. The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said. "Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said. Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be". Economic Times WhatsApp channel )
Zawya
01-07-2025
- Business
- Zawya
India's Bajaj Finserv hikes customer target to 250mln
Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. "(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. "The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While total income at the firm rose to 22.99 billion rupees ($268 million) in the 12 months to the end of March, up from 17.34 billion rupees the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress". "Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic. "So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine." Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".
Business Recorder
01-07-2025
- Business
- Business Recorder
India's Bajaj Finserv hikes customer target to 250 million
LONDON: Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected. '(It's) very promising. We've added 10 million new customers in the last two years,' Bajaj told Reuters. The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India. Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers. Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance. India's Bajaj Holdings sells stake worth $234 million in Bajaj Finserv via block deal The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation. While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added. 'The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow,' Bajaj said. Bajaj Finserv sees customers' ability to repay loans improving from here, he added. While total income at the firm rose to 22.99 billion rupees ($268 million) in the 12 months to the end of March, up from 17.34 billion rupees the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020. The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a 'little higher stress'. 'Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world,' he said, referring to the trend of customers spending on expensive goods after the pandemic. 'So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine.' Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans. Asked if the company could consider international expansion in the future, Bajaj said: 'We don't have plans yet, but it could be'.
