BAJFINANCE

Q4 2025 Result

booked 10.10 million new loans, a growth of 36% compared to the previous year. Its customer base grew by 22% year-on-year to reach 101.82 million as of 31 March 2025. The company’s assets under management increased by 26% to Rs 416,661 crore, with a quarterly growth of Rs 18,618 crore. Net interest income for the quarter rose by 22% to Rs 9,807 crore, while net total income was up 23% at Rs 11,917 crore. Pre-provisioning operating profit increased by 24% to Rs 7,967 crore. Loan losses and provisions stood at Rs 2,329 crore, including a one-time additional provision of Rs 359 crore related to redevelopment of its Expected Credit Loss (ECL) model. Excluding this, provisions were Rs 1,970 crore. Profit before tax increased by 11% to Rs 5,647 crore, and profit after tax rose by 19% to Rs 4,546 crore. Gross NPA and Net NPA were reported at 0.96% and 0.44% respectively. The capital adequacy ratio stood at 21.93%, with Tier-I capital at 21.09%. For FY25, the company booked 43.42 million new loans, up 20% year-on-year. The customer franchise expanded by 18.18 million over the year. Net interest income increased by 23% to Rs 36,393 crore, and net total income grew by 24% to Rs 44,954 crore. Operating expenses as a percentage of net total income were 33.2%, slightly lower than the previous year. Pre-provisioning operating profit rose by 25% to Rs 30,028 crore. Total loan losses and provisions for the year amounted to Rs 7,966 crore, or Rs 7,607 crore excluding the additional ECL provision. Profit before tax increased by 14% to Rs 22,080 crore, and profit after tax rose by 16% to Rs 16,779 crore. The board approved a special interim dividend of Rs 12 per share following the gain from the IPO of BHFL and recommended a final dividend of Rs 44 per share for FY25, compared to Rs 36 in the previous year.