Q3 2025 Bajaj Finance Ltd Earnings Call Transcript
Key Points
- Bajaj Finance Ltd (BOM:500034) reported a record high AUM growth of INR24,119 crores, marking a 28% year-over-year increase.
- The company added 5 million new customers, bringing the total customer base to 97.12 million, on track to surpass 100 million by the fiscal year-end.
- Net interest income grew by 23%, with net total income increasing by 26%, indicating strong operational performance.
- The company has a strong liquidity buffer of INR13,600 crores and a stable cost of funds, with deposits growing by 19%.
- Bajaj Finance Ltd (BOM:500034) announced a strategic partnership with Bharti Airtel, expected to enhance product offerings and customer reach.
- Net NPA increased to 48 basis points from 37 basis points last year, indicating some deterioration in asset quality.
- The company is experiencing pricing pressure in certain segments, particularly in the high-ticket personal loan market.
- Credit costs remain a concern, with a forecasted range of 2.00% to 2.05% for Q4, reflecting ongoing challenges in managing loan losses.
- The discontinuation of co-branded credit card partnerships with RBL Bank and DBS may impact future revenue growth.
- Used car loan segment is under pressure, with elevated losses leading to a 30% reduction in business volumes.
Good day, and welcome to the Bajaj Finance Limited Q3 FY25 earnings conference call. This call will be recorded, and the recording will be made public by the company pursuant to its regulatory obligations. (Operator Instructions) I would now like to turn the call over to Mr. Anuj Singla. Please go ahead.
Thank you, Nirav. Good evening, everyone. This is Anuj Singla from Bank of America Securities. Thank you very much for joining us for the Bajaj Finance earnings call to discuss third-quarter FY25 earnings. To discuss the earnings, I'm pleased to welcome Rajeev Jain, Managing Director; Mr. Anup Saha, Deputy Managing Director; Mr. Sandeep Jain, CFO, and other senior members of the management team. Thank you very much, sir, for giving us the opportunity to host you.
I now invite Rajeev for his opening remarks, post which, we will open the floor for Q&A. With that, over to you, Rajeev.
Thank you, Anuj. Thank
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