CRISIL

Net Sales at Rs 14,487.43 crore in September 2024 up 27% from Rs. 11,407.86 crore in September 2023 Quarterly Net Profit at Rs. 5,613.71 crore in September 2024 up 80.75% from Rs. 3,105.75 crore in September 2023. EBITDA stands at Rs. 9,386.58 crore in September 2024 up 22.11% from Rs. 7,687.28 crore in September 2023. Bajaj Finance EPS has increased to Rs. 90.76 in September 2024 from Rs. 51.32 in September 2023.

Bajaj Finance Standalone September 2024 Net Sales at Rs 14,487.43 crore, up 27% Y-o-Y

Bharti Airtel and Bajaj Finance, the private-sector NBFC, have partnered to create one of India’s largest digital platforms for financial services and transform last-mile delivery. The partnership brings together Airtel’s extensive customer base of 375 million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product lines and distribution heft of 5,000+ branches and 70,000 field agents. Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for a seamless and secure customer experience and later through its nationwide network of stores. The combined strength of the companies’ digital assets will enable Airtel and Bajaj Finance to deepen the penetration of financial products and services.

Bharti Airtel & Bajaj Finance partner to deliver digital financial inclusion

Leading NBFC Bajaj Finance on Monday launched a financial literacy campaign in Assam to inform people about the safety aspects of monetary transactions. Launching the programme, 'Arth Sutra Samvad', in Guwahati, the company said the campaign is being implemented under the RBI's initiative for augmenting financial literacy and awareness across the country. "The pan-India programme aims to further financial inclusion across villages and underbanked locations in India's hinterland. It aims to create awareness about financial discipline, online fraud and good practices in money management," the company said in a statement. Bajaj Finance's 'Arth Sutra Samvad' is a comprehensive programme to foster financial awareness and empowerment at the grassroots level across India's hinterlands, it added.

Bajaj Finance Launches Financial Literacy Drive in Assam

Unsecured consumer credit (personal and durable loans) makes up over one-third of BFL’s portfolio. While BFL historically maintains a favorable risk-reward balance, recent consumer leverage concerns in 2025 have kept these delinquencies as a key monitorable. To mitigate risk, BFL is proactively pruning exposures to multi-loan customers. 


The issuer has made timely interest payments.

Rajeev Jain, Managing Director

Bajaj Finance Limited (BFL) is the primary lending arm of the Bajaj Group, primarily owned by Bajaj Finserv (51.39%). As of March 2025, it manages a standalone AUM of INR 3,088.3 billion and serves a massive base of 101.82 million customers through 4,263 branches. Backed by the group’s debt-free liquidity and the successful INR 65.6 billion IPO of its housing subsidiary (BHFL), BFL remains a dominant, high-profit leader across consumer, SME, and commercial financing.


Bajaj Finance (BFL) is the high-profit engine of the Bajaj Group, managing a consolidated AUM of INR 4.86 trillion as of December 2025. It holds a dominant 65%+ market share in consumer durable finance, serving 115.4 million customers via 4,263 branches. BFL uses analytics to cross-sell high-margin loans, while its subsidiary BHFL manages an INR 1.33 trillion mortgage portfolio.


BFL maintains a high-liquidity, stable funding profile with competitive rates. As of March 2025, bank funding constitutes 21% of the mix, while capital market instruments attract major institutional investors. Its deposit-taking license has successfully increased the share of deposits to 26%, providing significant granularity and stability to the overall portfolio.


BFL’s credit costs normalized to 2.2% in FY25 after peaking at 4.1% in FY21. Asset quality remains healthy with Stage 3 at 0.96% (FY25) and no restructured asset overhang. As of March 2025, the provision coverage ratio (PCR) is 1.68% (53.7% for Stage 3), providing a strong buffer against future stress.


Bajaj Finance (BFL) targets NIMs above 9% via high-yield lending (16%–18%). Through its "BFL 3.0" FinAI strategy, the company is embedding AI across operations to decouple opex from AUM growth, aiming to lower the opex-to-NIM ratio to 31% by FY30. With a goal of >20% annual PAT growth, BFL plans to scale its AUM to INR 10–12 trillion and serve 200+ million customers by 2030.


In FY25, BFL’s consolidated AUM grew 26% to INR 4,166.6 billion. Tier I capital remains strong, bolstered by a INR 91 billion equity raise in late 2023 that offset tighter RBI risk weights. Group leverage improved to 3.7x, aided by BHFL’s successful IPO. Stress tests indicate that BFL's capital buffers are robust enough to withstand significant margin pressure or a doubling of credit costs.


Rating agency	Rating	Needle position
IND	AAA Stable	near High Safety
CRISIL	AAA Stable	near High Safety

Security Name: 7.02% Bajaj Finance Limited 18 Apr 2031

ISIN: INE296A07RS9

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