Mumbai: Bajaj Finance Limited in late January reported a 18 per cent year-on-year (YoY) rise in its consolidated net profit for the third quarter (Q3) of FY25 at Rs 4,308 crore. The company’s net interest income (NII) also saw a significant rise of 23 per cent YoY at Rs 9,382 crore compared to Rs 7,655 crore in the same quarter last year. The assets under management (AUM) surged by 28 per cent to Rs 3.98 lakh crore as of December 31, 2024, up from Rs 3.11 lakh crore a year ago.

The company’s asset quality weakened slightly as gross non-performing assets (GNPA) rose to 1.12 per cent from 0.95 per cent a year earlier. Similarly, net non-performing assets (NNPA) increased to 0.48 per cent from 0.37 percent. The provisioning coverage ratio on stage 3 assets stood at 57 per cent. Loan loss provisions saw a sharp rise at Rs 2,043 crore in Q3 FY25, compared to Rs 1,248 crore in the same period last year.