Bajaj Finance shares jump 6% to 52-week high on strong Q3 earnings

Shares of Bajaj Finance surged 6.3% on the NSE today, hitting a 52-week high of ₹8,250.65, driven by strong Q3 results, supported by stable net interest margin (NIM) and credit cost.

The company reported an 18% year-on-year rise in consolidated net profit for Q3 FY25 to ₹4,308 crore, surpassing market expectations. The robust performance was fueled by a 28% surge in assets under management (AUM) to ₹3.98 lakh crore as of December 31, 2024, compared to ₹3.11 lakh crore a year earlier.

Net interest income (NII) grew 23% YoY to ₹9,382 crore, while new loans booked hit a record high of 12.06 million, up 22% from Q3 FY24. Bajaj Finance also added 5.03 million new customers in the quarter, expanding its total customer base to 97.12 million, a 21% increase.

On the asset quality front, gross non-performing assets (GNPA) rose to 1.12% from 0.95% a year earlier, while net NPA increased to 0.48% from 0.37%. The provisioning coverage ratio for stage 3 assets stood at 57%.

The strong Q3 performance further boosted sentiment among brokerages.