Conference Call with Bajaj Finance Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Finance company Bajaj Finance announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Number of new loans booked in Q4FY25 was at 10.10 million as against 7.87 million in Q4FY24, a growth of 36%. Customer franchise crossed a milestone of 100 million and stood at 101.82 million as of 31 March 2025, compared to 83.64 million as of 31 March 2024, a growth of 22%. Customer franchise grew by 4.70 million in Q4FY25. Assets under management (AUM) grew by 26% to Rs 416,661 crore as of 31 March 2025 from Rs 330,615 crore as of 31 March 2024. AUM grew by Rs 18,618 crore in Q4FY25. Net interest income increased by 22% in Q4FY25 to Rs 9,807 crore from Rs 8,013 crore in Q4FY24. Net total income increased by 23% in Q4FY25 to Rs 11,917 crore from Rs 9,714 crore in Q4FY24. Operating expenses to net total income for Q4FY25 was 33.1 % as against 34 0% in Q4FY24. Pre-provisioning operating profit increased by 24% in Q4FY25 to Rs 7,967 crore from Rs 6,412 crore in Q4FY24. Loan losses and provisions for Q4FY25 was Rs 2,329 crore as against Rs 1,310 crore in Q4FY24. In Q4FY25, the Company made an additional provision of Rs 359 crore on account of the redevelopment of its ECL model. Excluding this, loan losses and provisions for Q4FY25 amounted to Rs 1,970 crore. Loan losses and provisions to average asset under finance for Q4FY25 was 2.33%. Excluding the additional ECL provision of Rs 359 crore on account of model redevelopment, it was 1.97%. Profit before tax increased by 11 % in Q4FY25 to Rs 5,64 7 crore from Rs 5,105 crore in Q4FY24. Excluding the additional ECL provision of Rs 359 crore on account of model redevelopment, growth was 18%. Profit after tax increased by 19% in Q4FY25 to Rs 4,546 crore from Rs 3,825 crore in Q4FY24. Gross NPA and Net NPA as of 31 March 2025 stood at 0.96% and 0.44% respectively, as against 0.85% and 0.37% as of 31 March 2024. The provisioning coverage ratio on stage 3 assets was 54%. Capital adequacy ratio (CRAR) (including Tier-II capital) as of 31 March 2025 was 21.93%. The Tier-I capital was 21.09%. FY25 Financial Highlights: Number of new loans booked grew by 20% in FY25 to 43.42 million as against 36.20 million in FY24. Customer franchise stood at 101.82 million as of 31 March 2025 as compared to 83.64 mill ion as of 31 March 2024, a growth of 22%. Customer franch ise grew by 18.18 million in FY25. Net interest income increased by 23% in FY25 to Rs 36,393 crore from Rs 29,582 crore in FY24. Net total income increased by 24% in FY25 to Rs 44,954 crore from Rs 36,258 crore in FY24. Operating expenses to net total income for FY25 was 33.2% as against 34.0% in FY24. Pre-provisioning operating profit increased by 25% in FY25 to Rs 30,028 crore from Rs 23,933 crore in FY24. Loan losses and provisions in FY25 was Rs 7,966 crore as against Rs 4,631 crore in FY24. Excluding the additional ECL provision of Rs 359 crore on account of model redevelopment, loan losses and provisions for FY25 was Rs 7,607 crore. Profit before tax increased by 14% in FY25 to Rs 22,080 crore from Rs 19,310 crore in FY24. Excluding the additional ECL provision of Rs 359 crore on account of model redevelopment, growth was 16%. Profit after tax increased by 16% in FY25 to Rs 16,779 crore from Rs 14,451 crore in FY24. Excluding the additional ECL provision on account of model redevelopment and reduction in income tax provision, profit after tax growth was 16%. The Board of Directors has approved distribution of a special interim dividend of Rs 12 per equity share, from the exceptional gain resulting from the sale of investment in BHFL as part of IPO listing in September 2024. The Board of Directors has recommended a final dividend of Rs 44 per equity share of face value of Rs 2 (2,200%) for FY25 (Previous year Rs 36 per equity share of face value of Rs 2 each i.e; 1,800%). Result PDF