Bajaj Finance Q1 Update: New loans rise 10% YoY; AUM jumps 31% to Rs 3,54,100 crore
Bajaj Finance has reported significant growth in its key financial metrics for the first quarter of the fiscal year. The company experienced a notable 10.4% year-on-year increase in new loans, with 109.7 lakh loans issued compared to 99.4 lakh in the same period last year. This growth highlights Bajaj Finance’s expanding customer base, which reached 8.8 crore customers, a 20.7% increase from the previous year.
Moreover, Bajaj Finance’s Assets Under Management (AUM) showed robust growth, surging by 31.1% year-on-year to ₹3,54,100 crore from ₹2,70,097 crore in the corresponding quarter of the previous fiscal year. Deposits also grew impressively by 25.6% year-on-year to ₹62,750 crore. In terms of liquidity, Bajaj Finance reported ₹16,200 crore, reflecting a significant 27.6% increase year-on-year.
Overall, Bajaj Finance’s strong performance in Q1 FY25 underscores its continued expansion in loan disbursements, customer acquisition, AUM growth, and liquidity, positioning the company well in the consumer loans segment.
For more information, please read the full article
