Shares of India's Bajaj Finance rose as much as 6% to an all-time high on Thursday, a day after the non-bank lender reported a quarterly profit surge because of solid loan growth, which analysts said augurs well for its earnings next year.

Bajaj Finance's partnership with Bharti Airtel has the potential to become huge over the medium term, given there are 20 crore non-overlapping Airtel customers that can be targeted by Bajaj Finance, MOFSL said.

India's Bajaj Finance posted a rise in third-quarter profit on Wednesday, helped by strong loan growth during the holiday season.

Bajaj Finance shares soared six percent to a record high of Rs 8,250.65 after strong Q3 earnings, driven by robust AUM growth and upbeat brokerage calls projecting further upside.

Bajaj Finance Ltd announced a 17% YoY rise in net profit to ₹3,706 crore in the Oct-Dec quarter of FY2024-25. Shares closed higher ahead of the announcement after Wednesday’s trading session.

Bajaj Finance posted a 17% YoY rise in consolidated net profit for the December quarter, reaching Rs 4,247 crore, surpassing estimates. Revenue from operations increased by 13%, and net interest income rose by 23%.