Bajaj Finance Limited

rs 1.3

iew 2 Section 01 Executive summary – Q3 FY25 1.1 Quarter gone by 1.2 Lead financial indicators 1.3 Omnipresence strategy update 3 Q3 FY25 Executive summary - Consolidated Good quarter on volumes,

₹ 24,119 crore

have stablised. Profit growth has begun to gain momentum. ROA was steady. Delivered AUM growth of ₹ 24,119 crore, booked highest ever new loans of 12.06 MM and added 5.03 MM new customers. Customer franchise sto

₹ 398,043

re quite excited about this next phase of transformation for BFL. AUM Opex to Net total income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Gr

28%

out this next phase of transformation for BFL. AUM Opex to Net total income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.

33.1%

his next phase of transformation for BFL. AUM Opex to Net total income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3

33.9%

of transformation for BFL. AUM Opex to Net total income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.4

₹ 5,765

Opex to Net total income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority int

18%

income ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority interest 4 Le

₹ 4,308

me ₹ 398,043 Cr Growth 28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority interest 4 Lead financia

19.1%

28% 33.1% Q3 FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority interest 4 Lead financial indicators (1/7)

22.0%

FY24 33.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority interest 4 Lead financial indicators (1/7) Balance sheet a

0.48%

.9% PBT PAT* ROE Net NPA ₹ 5,765 Cr Growth 18% ₹ 4,308 Cr Growth 18% 19.1% Q3 FY24 22.0% 0.48% Q3 FY24 0.37% *Pre minority interest 4 Lead financial indicators (1/7) Balance sheet and busi

“By March 2025, nine products of Bajaj Finance will be available to customers on the Airtel Thanks App.”

“BFL and Airtel will enable more products through FY26.”

“During Q3 FY25, the Company has mutually agreed to cease incremental sourcing of co-branded credit cards with RBL Bank Limited and DBS Bank India Limited.”

“Pre-provisioning operating profit grew by 31% to ₹ 748 crore in Q3 FY25.”

“Profit before tax grew by 25% to ₹ 713 crore in Q3 FY25.”

“Profit after tax grew by 25% to ₹ 548 crore in Q3 FY25.”

“Profit before tax grew by 127% to ₹ 50 crore in Q3 FY25.”

“Profit after tax grew by 119% to ₹ 35 crore in Q3 FY25.”

“22 7-years financial snapshot – BHFL ₹ in crore CAGR (7 yrs.) 72% 104% 115% 92% 59% 57% 141% 136% Financials snapshot AUM (₹ ‘000 Cr) Total income Interest expenses Net total income (NTI) Operating expenses Loan losses & provision Profit before tax Profit after tax Ratios Opex to NTI Loan loss to avg.”

“Overview • Broking business caters to two different business segments – HNI and Retail • Margin Trade Financing (MTF) book as of 31 December 2024 stood at ₹ 5,392 crore • Net total income was ₹ 110 crore in Q3 FY25 • Profit after tax was ₹ 35 crore in Q3 FY25 HNI Broking • Business oriented towards delivering relationship-based broking solutions to UHNI & HNI client segment • Focused on building MTF relationship.”

Strategic partnership with Bharti Airtel

1

Discontinuation of co-branded credit card business

1

Strategic partnership with Bharti Airtel

26. Recently, the Company announced a strategic partnership with Bharti Airtel, one of India’s largest telecom services provider. This partnership combines Airtel’s highly engaged customer base of 375 million, strong distribution network of over 1.2 MM, and Bajaj Finance’s diversified suite of 26 product lines, distribution heft of 224K distribution points, its 4,259 locations and 70,000 field agents. Airtel will offer Bajaj Finance’s retail and MSME products on its Airtel Thanks App and its nation-wide network of stores in a seamless and secured manner. The combined strength of the companies’ digital assets will enable significant increase in penetration of financial products and services in India. To start with, two products of Bajaj Finance have been piloted on the Airtel Thanks App. By March 2025, nine products of Bajaj Finance will be available to customers on the Airtel Thanks App. BFL and Airtel will enable more products through FY26.

Discontinuation of co-branded credit card business

27. During Q3 FY25, the Company has mutually agreed to cease incremental sourcing of co-branded credit cards with RBL Bank Limited and DBS Bank India Limited. This decision will not affect existing cardholders, who will continue to receive services from the respective banks as usual. The Company earned distribution fees and a revenue share under the co- brand arrangement. The discontinuation will not impact the Company’s future revenue share from this arrangement. 8 Lead financial indicators (5/7) BHFL - Balance sheet and geography 28. AUM was up 26% at ₹ 1,08,314 crore as against ₹ 85,929 crore as of 31 December 2023. 29. Home loans AUM grew by 23%, Loan against property grew by 19%, Lease rental discounting grew by 26%, Developer finance grew by 59%. 30. Portfolio composition for HL : LAP : LRD : DF : Others stood at 57% : 10% : 19% : 12% : 2% as of 31 December 2024. 31. In Q3, overall approvals were ₹ 19,691 crore as against ₹ 17,767 crore in Q3 FY24. 32. In Q3, disbursements were ₹