Net interest income (NII) also came in marginally lower than expectations at ₹9,807.1 crore versus a forecast of ₹9,880.9 crore.
On a year-on-year basis, Bajaj Finance posted a 19% rise in net profit from ₹3,824 crore, while NII grew 22.4% from ₹8,013 crore in the March 2023 quarter.
Asset quality for the NBFC major improved in the March quarter, with both gross and net non-performing assets (NPA) registering a decline. Gross NPA stood at 0.96%, down from 1.12% in the previous quarter, while net NPA eased to 0.44% from 0.48%.
The company’s AUM rose 26% YoY to ₹4.17 lakh crore as of 31 March 2025, with ₹18,700 crore added during the quarter, reflecting steady credit demand.
Its customer base expanded to 101.82 million, with 4.70 million new additions, while new loans booked jumped 36% YoY to 10.70 million. The deposits book grew 19% YoY to ₹71,400 crore, led by continued traction in its fixed deposit franchise.
Alongside the results, the company announced a slew of shareholder rewards. The board approved a 4:1 bonus share issue, subject to shareholder approval via postal ballot.
Additionally, it cleared a 1:1 stock split, where one equity share of ₹2 will be split into two shares of ₹1 each. Bajaj Finance had last split its shares in 2016.
The board also approved the highest-ever dividend payout by the company—₹44 per share as a final dividend for FY25, and a special dividend of ₹12 per share, taking the total to ₹56 per share. The special dividend follows a one-time gain from the partial stake sale in its subsidiary, Bajaj Housing Finance, via IPO last year.
Shares of Bajaj Finance closed flat ahead of the earnings release at ₹9,105, staying near their all-time high of ₹9,660.
