BAJAJ HOUSING FINANCE Q3 RESULTS
Bajaj Housing Finance Ltd announced impressive growth for the quarter ending on December 31, 2024, with its assets under management (AUM) increasing by 26% year-on-year (YoY) to ₹1,08,300 crore, compared to ₹85,929 crore as of December 31, 2023.
The company experienced significant quarterly growth, with AUM rising by approximately ₹5,730 crore in Q3 FY25. Loan assets also showed strong growth, reaching around ₹95,550 crore as of December 2024, up from ₹73,197 crore a year earlier.
Bajaj Housing Finance reported a 21% YoY increase in net profit, reaching ₹545.6 crore for the quarter ending on September 30, 2024. In the same quarter of the previous fiscal year, the company had a net profit of ₹451.1 crore. Revenue from operations also increased by 21.1% to ₹2,410 crore compared to ₹1,911.5 crore in the previous year.
The company maintained strong risk performance, with gross non-performing assets (GNPA) at 0.29% and net NPA at 0.12%. Operating efficiencies improved, with the opex to net total income (NTI) ratio decreasing to 20.5% from 22.1% in the previous year’s Q2.
Shares of Bajaj Housing Finance Ltd closed at ₹126.10, down by ₹0.35, or 0.28%, on the BSE.
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