Bajaj Housing Finance Ltd on Friday (January 3) reported robust growth for the quarter ended December 31, 2024, with its assets under management (AUM) rising by 26% year-on-year (YoY) to ₹1,08,300 crore, compared to ₹85,929 crore as of December 31, 2023.
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The company saw significant quarterly growth, with AUM increasing by approximately ₹5,730 crore in Q3 FY25. The loan assets also demonstrated strong growth, reaching approximately ₹95,550 crore as of December 2024, up from ₹73,197 crore a year ago.
Bajaj Housing Finance reported a 21% YoY increase in net profit at ₹545.6 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Bajaj Housing Finance posted a net profit of ₹451.1 crore.
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The company’s revenue from operations rose 21.1% to ₹2,410 crore against ₹1,911.5 crore in the year-ago period. In the second quarter that ended September, the company continued to have strong growth with AUM growth of 26%. Absolute AUM growth has been in the same range over the last two quarters.
The profit before tax (PBT) growth was 23%, while maintaining strong risk performance with gross non-performing assets (GNPA) at 0.29% and net NPA at 0.12%. Operating efficiencies also continued to improve and the opex (operating expenses) to net total income (NTI) ratio improved to 20.5% vs 22.1% in last year’s Q2.
Shares of Bajaj Housing Finance Ltd ended at ₹126.10, down by ₹0.35, or 0.28%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
