Bajaj Finance Limited — Important, 22-10-2024: Financial Result Updates

Bajaj Finance Limited reported its financial results for the quarter and half-year ending September 30, 2024. The company achieved a profit after tax of ₹5,614 crore, marking an 81% increase from the previous year, largely due to a one-time gain from the sale of shares in Bajaj Housing Finance Ltd. New loan bookings rose by 14% to 9.69 million, and assets under management expanded by 29% to ₹373,924 crore. The company's gross NPA ratio was 1.33%, and the capital adequacy ratio stood at 21.69%.