Bajaj Housing Finance Q2 Results: 18% Net Profit Growth and Stable Asset Quality

Bajaj Housing Finance, a leading player in the housing finance sector, reported its Q2 results after market hours on Thursday, November 6. The company's net profit saw a significant 18% increase from ₹545 crore in the same quarter last year to ₹643 crore. Revenue also grew by 17.4% to ₹2,614 crore from ₹2,227 crore in the previous year.

Asset quality for the quarter remained stable, with Gross NPA standing at 0.26%, down slightly from 0.29% in the June quarter. The Net NPA remained unchanged at 0.12% from the June quarter. These figures indicate that the company has maintained a robust risk management strategy, which is crucial in the current economic environment.

Loan losses and provisions increased to ₹50 crore from ₹5 crore last year, which includes a management overlay release of ₹25 crore. This increase in provisions is a proactive measure to ensure the company's financial health and to prepare for any future uncertainties.

In its quarterly business update shared at the start of October, Bajaj Housing Finance reported that gross disbursements during the quarter had increased to ₹15,900 crore, compared to ₹12,014 crore during the same quarter last year. This growth in disbursements reflects the company's strong market position and its ability to attract and serve a growing customer base.

Bajaj Housing's Assets Under Management (AUM) increased by 24% on a year-on-year basis to ₹1,26,740 crore, compared to ₹1,02,569 crore during the same quarter last year. AUM growth during the September quarter stood at ₹6,320 crore, highlighting the company's consistent expansion and financial strength.

Loan assets during the quarter increased to ₹1,13,050 crore, compared to ₹89,878 crore during the base quarter in financial year 2025. This growth in loan assets further solidifies Bajaj Housing Finance's position in the housing finance market.

The market will be closely watching for more clarity on Bajaj Housing Finance's core income, its asset quality trends, and its guidance for the full financial year. These insights will provide investors with a better understanding of the company's future prospects and its ability to navigate the evolving market conditions.

Shares of Bajaj Housing Finance ended 0.3% lower at ₹109.25 ahead of the results announcement. The stock has faced some volatility in 2025, down 15% so far this year. However, the company's strong financial performance and stable asset quality are expected to provide a solid foundation for future growth.

Bajaj Housing Finance was one of the most successful listings of 2024, listing at a premium of more than 100% compared to its issue price of ₹70 per share. The stock reached a post-listing high of over ₹180 but has since corrected nearly 40% from those levels, currently trading near the ₹100 mark. Despite this correction, the company's fundamentals remain strong, and it continues to be a key player in the housing finance sector.