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.
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