Bajaj Housing Finance Q2 FY25: Profit Rises 21% YoY to Rs 546 Crore, Revenue Up 26%
Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
Bajaj Housing FinanceQ2 Fy25Profit GrowthAsset Under ManagementStock MarketReal Estate NewsOct 21, 2024
In the quarter under review, Bajaj Housing's profit came in at Rs 545.60 crore, up from Rs 451.11 crore in the year-ago period. Revenue from operations increased by 26.09 percent to Rs 2,410.15 crore from Rs 1,911.49 crore in the corresponding period last year.
The housing finance company announced that it crossed the Rs 1 lakh crore asset under management (AUM) mark in the September 2024 quarter.
Last quarter, the company continued to see strong growth with AUM growing by 26 percent, in line with the growth in the previous two quarters. Pre-tax profit (PBT) grew by 23 percent, and profit after tax (PAT) grew by 21 percent. The company maintained strong risk performance with gross non-performing assets (GNPA) at 0.29 percent and net non-performing assets (NNPA) at 0.12 percent. Operating efficiencies also improved, with operating expenses to net income improving to 20.5 percent from 22.1 percent in the same quarter last year.
Disbursements in Q2 FY25 were at Rs 12,014 crore, remaining in line with Rs 12,154 crore in Q2 FY24, which was the highest ever, driven by a few significant commercial transactions.
As of September 30, 2024, the net worth of the company stood at Rs 18,772 crore. The capital adequacy ratio (CRAR) was 28.98 percent, well above the regulatory requirement of 15 percent, with Tier-1 capital at 28.46 percent.
Bajaj Housing reported a liquidity buffer of Rs 3,220 crore as of September 30, 2024, and the liquidity coverage ratio (LCR) for the quarter was 220.9 percent, far exceeding the regulatory requirement of 85.0 percent.
The results were announced post-market hours. Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
Bajaj Housing Finance Ltd, a part of the Bajaj Group, is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB).
Frequently Asked Questions
What was Bajaj Housing Finance's profit for Q2 FY25?
Bajaj Housing Finance's profit for Q2 FY25 was Rs 545.60 crore, showing a 20.95 percent year-on-year increase.
How much did Bajaj Housing Finance's revenue grow in Q2 FY25?
Bajaj Housing Finance's revenue from operations grew by 26.09 percent to Rs 2,410.15 crore in Q2 FY25.
What is Bajaj Housing Finance's asset under management (AUM) as of the September 2024 quarter?
Bajaj Housing Finance crossed the Rs 1 lakh crore AUM mark in the September 2024 quarter.
What are the key risk performance indicators for Bajaj Housing Finance in Q2 FY25?
In Q2 FY25, Bajaj Housing Finance reported gross non-performing assets (GNPA) at 0.29 percent and net non-performing assets (NNPA) at 0.12 percent.
What was Bajaj Housing Finance's liquidity coverage ratio (LCR) for Q2 FY25?
Bajaj Housing Finance's liquidity coverage ratio (LCR) for Q2 FY25 was 220.9 percent, well above the regulatory requirement of 85.0 percent.
Related News Articles
Pune Porsche Case: Two Ongoing Real Estate Projects Under Scanner
Regulatory declarations made by real estate developer Vishal Agarwal reveal that his company has two ongoing projects in Pune
Hindalco Strikes Deal with Birla Estates' Subsidiary to Sell Maharashtra Land Parcel
Hindalco Industries has agreed to sell a land parcel in Maharashtra to Ekamaya Properties Pvt Ltd, a subsidiary of Birla Estates Pvt Ltd, for Rs 595 crore.
Bajaj Housing Finance Q2 FY25: Profit Rises 21% YoY to Rs 546 Crore, Revenue Up 26%
Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
DLF Achieves Remarkable Q2 Results: Profit Surges 122% Through Robust Revenue Growth
Real estate giant DLF Ltd. has reported a staggering 122% year-on-year jump in its consolidated profit after tax (PAT) for the quarter ended September 30, 2023. This impressive performance highlights the company's strong foothold in the Indian real estate
The Maharashtra Gambit: Who Will Win the State?
The Maharashtra election is crucial for both the Congress and the BJP. The outcome will significantly impact the national political narrative and individual party fortunes.
Rajiv Bajaj's Rishabh Family Trust Acquires Prime Land in Pune for Rs 72 Crore
In a significant real estate deal, Rishabh Family Trust, one of the prominent family trusts managed by Rajivnayan Bajaj, has purchased a land parcel in Pune's upscale Koregaon Park for a whopping Rs 72 crore.