Bajaj Finance shares increase over 3% after Q1 service update

INSUBCONTINENT EXCLUSIVE:
Bajaj Finance shares surged 3.3% to Rs 940.7 in Friday's trade on BSE after the company reported a 25% year-on-year (YoY) rise in assets
under management (AUM) to approximately Rs 4.41 lakh crore as of June 30, 2025.During the June quarter, the company added Rs 24,750 crore to
its AUM
The customer base grew to 106.51 million from 88.11 million a year ago, with 4.69 million new customers added in Q1FY26.New loan bookings
rose 23% YoY to 13.49 million, compared to 10.97 million in Q1FY25
The deposit book also grew 15% YoY to Rs 72,100 crore from Rs 62,774 crore.Also Read: Suzlon, Adani Ports among 10 stocks that earned
upgrades in last 1 month
Check revised target priceBajaj Finance Q4 performanceIn the March 2025 quarter, Bajaj Finance reported a 19% year-on-year (YoY) rise in net
profit to Rs 4,546 crore
Net interest income (NII) grew 22% to Rs 9,807 crore, supported by healthy loan growth, better margins, and stable asset quality. Live
EventsThe consolidated AUM as of March 2025 stood at Rs 4.16 lakh crore, up 26% from Rs 3.3 lakh crore a year earlier
The company booked 10.7 million new loans during the quarter, a 36% increase from 7.87 million in Q4FY24.Total income rose 23% YoY to Rs
11,917 crore
Loan losses and provisions increased to Rs 2,329 crore from Rs 1,310 crore a year ago.The customer franchise crossed a key milestone of 100
million customers by the end of March
Asset quality remained steady, with gross NPA at 0.96% and net NPA at 0.44%.Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts
see up to 26% upsideBajaj Finance shares price targetAccording to Trendlyne, the average target price for Bajaj Finance is Rs 915,
suggesting a 1% upside from current levels
910.70
The stock has gained 31% year-to-date and 26% over the past 12 months
Its current market capitalisation stands at Rs 5.66 lakh crore.