Elevated credit costs may persist
Credit costs remain above long-term averages; management is cautiously optimistic but normalization may take longer if macro conditions worsen.
high · management_commentaryBajaj Finance Ltd — Q2 FY25
Bajaj Finance reported a mixed Q2 FY25 with AUM growth of 29% YoY and PAT up 13% to INR 4,014 crore, but elevated credit costs dampened profitability.
neutral
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Unsecured lending stress from multiple loans
Clients with 3+ live unsecured loans show higher default propensity; supply-side slowdown may not fully mitigate risk.
medium · analyst_questionLoss of Bajaj Auto captive financing business
Bajaj Auto's captive financing unit is taking over two-wheeler/three-wheeler financing, impacting AUM and profitability in the near term.
medium · management_commentaryRegulatory and compliance risks
Management declined to comment on regulatory matters; ongoing investments in compliance may not fully mitigate future actions.
medium · analyst_question