Bajaj Finance Ltd. has demonstrated resilience in its first quarter enterprise replace, showcasing a powerful Asset Below Administration development of 25% year-on-year and 6% quarter-on-quarter. This efficiency is especially noteworthy given the softer market tendencies, particularly within the shopper durables phase, Jefferies mentioned.
The agency reported a 25% enhance in its property beneath administration, reaching Rs 4.41 lakh crore for the quarter ending June 30, 2025. Its mortgage e book increase by 23% year-on-year, totaling 13.49 million loans within the first quarter. Moreover, the corporate’s deposits grew by 15% year-on-year, amounting to Rs 72,100 crore.
Regardless of a downturn in gross sales of air conditioners and fridges, Bajaj Finance’s AUM development remained strong, the brokerage highlighted. “That is encouraging because it is available in 1 / 4 when gross sales of shopper durables have been down,” Jefferies acknowledged. The expansion might have been bolstered by higher tendencies in different segments, together with the cross-selling of non-public loans and SME loans.
The shopper base additionally noticed important growth, rising by 21% YoY and 5% QoQ. “Wholesome asset development and easing fund value can support earnings and valuations.” Jefferies maintained a ‘purchase’ name on Bajaj Finance, with a value goal of Rs 1,044, representing a 15% upside from the present value of Rs 910.70.
Jefferies’ report additional elaborates on the optimistic outlook for Bajaj Finance, emphasising the corporate’s capability to navigate market challenges successfully. “AUM development might have been aided by higher tendencies in different segments,” the observe added, highlighting the corporate’s strategic deal with diversifying its mortgage portfolio.
Bajaj Finance continues to be a powerful participant within the shopper finance sector, the brokerage famous.
