Bajaj Finserv Ltd.’s property underneath administration stood at round Rs 1.08 lakh crore as of Dec. 31, 2024, greater by 26% as in opposition to the year-ago interval, based on the quarterly replace shared by the corporate on Friday.
The AUM, as compared, stood at Rs 85,929 crore on the finish of the December quarter of the final fiscal.
Within the October-December interval, Bajaj Finserv’s AUM “grew by roughly Rs 5,730 crore”, the corporate added.
Bajaj Finserv’s mortgage property stood at Rs 95,550 crore on the finish of the December quarter, the corporate stated. This marked a climb of 30.5% as in opposition to Rs 73,197 crore as of Dec. 31, 2023.
The quarterly enterprise replace has been shared by Bajaj Finserv forward of the discharge of the corporate’s monetary outcomes for the third quarter of the fiscal.
Within the quarter ended September 2024, Bajaj Finserv’s consolidated internet revenue rose 8% year-on-year to Rs 2,087 crore. Sequentially, it had risen by 13%.
The corporate’s complete revenue throughout the identical interval rose 30% year-on-year to Rs 33,704 crore.