Bajaj Finance Reports Strong Q3 Results, Highlighting Revenue Growth and Improved Liquidity

Jan 29 2025 09:02 PM IST
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Bajaj Finance's financial results for the quarter ending December 2024 reveal strong performance, with net sales reaching Rs 18,035.11 crore, the highest in five quarters. Operating profit and profit after tax also hit record levels, alongside improved liquidity and a better debt-equity ratio, indicating effective operational strategies.
Bajaj Finance has reported its financial results for the quarter ending December 2024, showcasing a robust performance that highlights several positive trends. The company achieved net sales of Rs 18,035.11 crore, marking a significant year-on-year growth of 27.33%. This figure represents the highest quarterly sales recorded in the last five quarters, indicating a strong upward trajectory in revenue generation.

Operating profit also reached a peak at Rs 12,343.95 crore, reflecting consistent growth over the same period. Similarly, profit before tax stood at Rs 5,742.21 crore, while profit after tax was reported at Rs 4,246.54 crore, both of which are the highest figures seen in the last five quarters. This consistent performance underscores the company's effective operational strategies.

Additionally, Bajaj Finance's earnings per share (EPS) reached Rs 68.63, further demonstrating its commitment to enhancing shareholder value. The company also reported a notable improvement in liquidity, with cash and cash equivalents at Rs 12,359.79 crore, the highest in the last six half-yearly periods. Furthermore, the debt-equity ratio has improved to 3.74 times, indicating a reduction in borrowing relative to equity capital.

While there has been an increase in non-operating income, which reached Rs 23.21 crore, this aspect may warrant further scrutiny regarding its sustainability.

Overall, Bajaj Finance's recent financial results reflect a positive adjustment in evaluation, contributing to an improved score.

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