Bajaj Housing Finance has declared its Q2 results.
Bajaj Housing Finance’s net interest income for the July-September quarter grew by 13 percent YoY to Rs 713 crore.
Bajaj Housing Finance on Monday reported a 21 per cent year-on-year (YoY) jump in its net profit to Rs 546 crore for the Q2 FY25, compared with Rs 451 crore a year ago. This is the first quarterly earnings after the IPO.
Bajaj Housing Finance raised Rs 6,560 crore in September 2024 through the IPO, oversubscribed 64 times and aggregating Rs 3.24 lakh crore.
Its net interest income for the July-September quarter grew by 13 percent YoY to Rs 713 crore, it said in a stock exchange filing. Assets under management (AUM) surged by 26 percent, reaching Rs 1.03 lakh crore as of 30 September 2024, compared to Rs 81,215 crore in the same period last year.
However, the net profit margin slightly declined to 22.64 percent from 23.6 percent a year earlier. Similarly, the company’s gross non-performing assets (NPA) rose to 0.29 percent from 0.24 percent, while net NPA increased to 0.12 percent from 0.09 percent. The provision coverage ratio (PCR) stood at 57.87 percent, down from 60.79 percent a year ago.
