Bajaj Finance rises on reporting 28% growth in AUM during Q3FY25
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Bajaj Finance is currently trading at Rs. 7555.60, up by 144.10 points or 1.94% from its previous closing of Rs. 7411.50 on the BSE.
The scrip opened at Rs. 7475.55 and has touched a high and low of Rs. 7599.00 and Rs. 7466.60 respectively. So far 15980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 7829.95 on 09-Jan-2024 and a 52 week low of Rs. 6190.00 on 06-Mar-2024.
Last one week high and low of the scrip stood at Rs. 7599.00 and Rs. 6793.00 respectively. The current market cap of the company is Rs. 464744.68 crore.
The promoters holding in the company stood at 54.70%, while Institutions and Non-Institutions held 35.90% and 9.40% respectively.
Bajaj Finance has reported 28% rise in Assets under management (AUM) to around Rs 3,98,000 crore (Provisional) as of December 31, 2024 (Q3FY25) as compared to Rs 3,10,968 crore as of December 31, 2023. AUM grew by around Rs 24,100 crore in Q3FY25. Its customer franchise as of December 31, 2024 stood at 97.12 million as compared to 80.41 million as of 31 December 2023. In Q3FY25, the Company recorded highest ever quarterly increase in its customer franchise of 5.03 million.
The company’s new loans booked were highest ever at 12.06 million in Q3FY25 as compared to 9.86 million in Q3FY24, recording a growth of 22%. Its Deposits book stood at around Rs 68,800 crore as of December 31, 2024 as compared to Rs 58,008 crore as of December 31, 2023, a growth of 19%.
Bajaj Finance is one of the largest players in the burgeoning consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in many categories, ranging from consumer durables to lifestyle products to groceries.
