Bluechip stock with ₹3 Lakh Cr revenue & ₹20,000 Cr profit guidance to keep an eye on

Synopsis:
The financial services firm targets robust growth by FY29, aiming to double its customer base, boost cross-sell reach, and enhance profitability. Strong quarterly performance, diverse offerings, wide distribution, and focus on financial inclusion underpin its scalable, nationwide operations.

India’s financial services sector is expanding rapidly, driven by digital innovation and financial inclusion. With over 2,100 fintechs, mutual fund assets have grown sixfold to $780 billion in 2024, and insurance investments are poised to reach $1 trillion by 2025. Strong regulatory reforms and a $20 trillion banking sector anchor India’s dynamic growth.

With a market capitalization of Rs 3,30,763.31 crore, the shares of Bajaj Finserv Ltd closed at Rs 2,070.10 per share, increased around 0.05 percent as compared to the previous closing price of Rs 2,069.15 per share.

FY29 Outlook

Bajaj Finserv targets significant growth by FY29, aiming for Rs 3 lakh crore in total income and Rs 20,000 crore in PAT. The company plans to expand its customer base from 9.2 crore to 19–20 crore and increase its cross-sell franchise to 11.5–12.5 crore, reflecting a strong focus on revenue, profitability, and deeper market penetration.

Further, Bajaj Finserv plans significant growth across payments, retail credit, and total credit, targeting GMV of 1.25–1.5 percent by FY28 and 0.4–0.5 percent by FY29. Retail credit share aims for 3.8–4.2 percent, while ROE is projected at 20–22 percent by FY29. AUM per cross-sell between Rs 90,000-Rs 95,000 by FY28 and Rs 80,000-Rs 85,000 by FY29, up from Rs 64,800 in H1FY25.

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Operational & Financial Highlights

The company reported solid quarterly growth, with revenue rising 13 percent to Rs 35,439 crore and net profit surging 27 percent to Rs 5,329 crore year-on-year. Strong margin expansion and efficient operations underpinned this performance, reflecting healthy demand and effective cost management in the ongoing business cycle.

Bajaj Finserv demonstrates extensive geographical and distribution reach across India, serving over 13 crore customers through 4,000+ locations and 550,000+ distributors. Its diverse business segments, including finance, housing finance, life and general insurance, health services, and B2B tech, operate thousands of branches, agents, and points of sale, highlighting strong penetration and nationwide accessibility.

Bajaj Finserv is a diversified financial services company offering lifecycle solutions in lending, insurance, and wealth management to customers across India through its group companies. Its core purpose is to enhance financial inclusion and serve the nation by providing innovative and valuable products to delight its customers.  

Written by Abhishek Singh

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