Bajaj Finance on Thursday reported 22% YoY growth in its consolidated net profit at Rs 4,765 crore in the first quarter. Net interest income in the same period rose 22% YoY to Rs 10,227 crore.
The profit growth was driven by robust loan growth, expanding customer base, and healthy interest income. Profit before tax stood at Rs 6,368 crore, also up 21% from the same period last year.
The company booked 13.49 million new loans during the quarter, marking a 23% increase over Q1 FY25, while its customer franchise grew 21% to 10.6 crore. During the quarter alone, the lender added 4.69 million new customers.
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