Bajaj Housing Finance Q2 results: Net profit rises 21% YoY to Rs 546 crore, NII rises 13%

Home Financing in Bajaj On Monday it reported a 21% rise in its net profit for the quarter ended September 2024 to Rs 546 crore against Rs 451 crore recorded in the year-ago period.

Revenue from operations in the reported quarter stood at Rs 2,410 crore, up 26% from Rs 1,911 crore reported by the company in the corresponding quarter of the previous financial year. These are the company’s first quarterly earnings since its IPO on September 16.

The company’s net interest income (NII) for Q2FY25 increased 13% to Rs 713 crore from Rs 632 crore in Q2FY24.

Assets under management (AUM) grew 26% to Rs 1,02,569 crore as on September 30, 2024, from Rs 81,215 crore as on September 30, 2023.

Profit before tax (PBT) for Q2FY25 increased 23% to Rs 708 crore from Rs 575 crore in Q2FY24.


Its gross and net NPLs as of September 30, 2024 stood at 0.29% and 0.12% respectively, compared to 0.24% and 0.09% as of September 30, 2023. The coverage ratio of provisions for assets in phase 3 stood at 58%, according to the company. presentation said.

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